Vadim Brinzan

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  • 7/24/2019 Vadim Brinzan

    1/4

    Education

    1999-2001

    1988-1993

    Experience

    8/2001-Present

    2014-present

    7/-8/2000

    1994-1999

    Certifications

    Languages

    Personal

    Founder &

    Managing

    Partner

    Private equity

    and angel

    investing across

    capital

    structure

    in

    financial

    assets,

    real estate, and technology

    assets,

    etc.

    2007-2014 HOV

    CAPITAL,

    LLC,

    a

    private

    equity

    fund

    NEW

    YORK-

    LONDON

    Managing

    Partner

    Managed fundls

    investrnents

    in excess of

    $500

    mm

    in financial

    services and

    business services companies

    with

    more

    than

    10,000 employees

    in

    the US, Europe

    and

    Asia.

    Oversaw

    fund's day-to-day activities, including,

    among

    others,

    securing

    financing,

    capital allocation,

    deal

    sourcing,

    dup

    diligence, transaction structuring

    and

    execution,

    restructuring

    and monetization

    of acquired

    assets,

    managing relationships

    with

    financial

    sponsors

    and

    Federal

    and

    State

    regulators

    (SEC

    and

    FDIC

    in the

    US,

    FSA in the

    UK).

    VADIM BRINZAN

    IIARVARD

    BUSINESS

    SCHOOL

    MBA

    degree

    with concentration

    in

    finance,

    with

    honors,

    June

    2001

    STATE

    UNWERSITY

    OF

    MOLDOVA,

    SCHOOL

    OFPITYSICS

    M.S.

    in Engineering,

    with high

    distinction

    (10.0

    GPA), June 1993

    ITWESTMENT

    BAIIKING

    &

    PRINCIPAL

    IT{VESTMENTS

    LOGOS

    ADVISORS,LLC,a

    private

    equity

    management

    firm

    GOLDMAN

    SACHS

    Internship in the Investment

    Banking division

    PRICEWATERHOUSECOOPERS

    Senior Consultant,

    Management Consulting

    Services

    o

    Provided

    management consulting

    services

    to

    a

    number

    of

    companies

    BOSTON

    CIIISINAU

    MIAMI

    NEW

    YORK

    NEW

    YORK

    MOSCOW

    KIEV,

    CHISINAU

    in oil

    &

    gas,

    food

    and

    beverage,

    and

    MERRILL

    LYNCH

    2001-2007 Director,

    Global

    Principal Investments

    & Structured Finance

    (7102-3/07)

    o

    Management

    of

    a

    $5

    billion

    +

    portfolio

    of

    Menill

    Lynch's investments

    in

    public

    and

    private

    companies

    and

    structured

    financial

    products

    on

    principal

    basis

    by

    taking equity,

    mezzanine

    and/or

    senior

    secured

    debt

    positions

    through complex

    principal

    investment, structured, and

    private

    equity transactions

    including

    MBOs

    /

    LBOs, JVs,

    etc.

    r

    Identification of

    investment

    opportunities

    and assessment of their attractiveness.

    Participated

    in

    all aspects

    of

    a transaction,

    including

    deal origination,

    due diligence,

    structuring,

    negotiation, execution,

    managing

    relationships

    with

    investment

    partners

    and

    regulators

    (OCC, SEC).

    Supervised transaction

    teams.

    o

    Selected transactions

    include:

    $1.5

    bn JV

    with

    a

    credit

    card issuer

    to originate subprime

    and

    near-prime

    credit

    card

    receivables;

    $1.2

    bn

    +

    investments

    in

    tax

    certificates;

    $1.0

    bn

    auto loan

    purchase;

    $1.0

    bn

    prime

    auto

    loans-backed

    financing

    to

    an

    on-line

    auto loan

    originator;

    $300

    mm

    DIP financing

    to

    a

    distressed financial

    services company;

    $147

    mm

    acquisition

    of

    a

    financial

    services

    company

    with

    its

    subsequent monetization;

    $98

    mm

    LBO

    of

    a

    time-share

    originator;

    $90

    mm

    asset-backed financing

    of

    portfolios

    of

    distressed

    consumer

    and commercial

    debt;

    $50

    mm

    mezzaninelequity

    investment

    in

    a

    start-up

    originator

    of small business

    credit

    cards;

    $50

    mm

    JV

    with a

    private equity fund to

    acquire

    portfolios

    of distressed consumer

    receivables;

    etc.

    Associate, Mergers and

    Acquisitions

    (8/01-7102)

    r

    Analysis and

    feasibility studies

    of

    strategic

    alternatives for

    a broad

    range of acquisition assignments,

    spin-

    offs,

    LBOs, IPOs, etc.

    in diversified

    industrials,

    power

    and energy,

    healthcare, retail, and real estate

    sectors

    o

    In-depth

    financiaVaccounting

    due diligence,

    credit analysis, and company

    valuation

    under

    various

    operating

    scenarios and

    capital

    structures,

    including

    leveraged and distressed

    situations

    o

    Industry and sector analysis

    to

    produce

    investment advice

    o

    Selected

    transqctions

    include

    a

    $300

    mm acquisition

    of

    a US industrial

    company;

    restructuring and

    $417

    mm

    IPO

    of

    a large

    health

    insurer.

    Govemment

    entities

    in

    Russia

    r

    As

    part

    of senior

    management

    team,

    played

    leading roles

    in

    mass

    privatization

    processes

    in

    Ukraine

    and

    Moldova

    (1994-1996).

    Helped

    draft

    privatization-related

    legislation, implement

    and

    managed

    the

    mass

    privatization

    infrastructure

    in Moldova

    and various regions

    of Ukraine"

    NASD

    Series 7 and 63, New

    York,

    NY

    Romanian

    (fluent),

    English

    (fluent),

    Russian

    (fluent)

    Bom in

    l97l n

    Moldova.

    Married,

    3 children.

    Prize-winning

    on

    national

    judo

    &

    sambo

    championships.

  • 7/24/2019 Vadim Brinzan

    2/4

    vADrM

    EBII\LZAN

    Studii

    1999-2001

    UNIVERSITATEA

    HARVARD,

    HARVARD

    BUSINESS SCHOOL

    BOSTON

    MBA

    cu

    specializare

    in

    finanle, cu

    menfiune,

    iunie

    2001

    1988-1993 UNIVERSITATEA

    DE STAT

    DIN

    MOLDOVA,

    FACULTATEA

    DE

    FIZICA

    CHI$INAU

    Diplomd de

    inginer-fizician,

    cu

    men(iune

    (nota

    medie

    10.0),

    iunie 1993

    Experienfa

    de

    muncii

    8/2001-prezent

    Activitatea

    financiar-bancariiqiinvesti{ionali

    2014-prezent

    LOGOS

    ADVISORS,LLc,companie

    de investifii

    cu capital

    privat

    (private

    equity)

    MIAMI

    Fondator

    ;i

    Partener PrinciPal

    Investi{ii de

    tip

    "angel

    investing"

    qi private equrty

    in diverse active financiare,

    imobiliare, technologice,

    etc.

    2007-2014 HOV CAPITAL,

    LLC,

    fond

    investi{ional

    cu

    capital

    privat NEW

    YORK

    -

    LOIIDRA

    Partener

    Principal

    Gestionarea

    investiliilor fondului

    in valoare de

    peste

    $500

    milioane

    in

    companii

    financiare

    qi

    "business

    services"

    cu

    peste

    10,000

    de

    angajali

    in

    SUA,

    Marea

    Britanie

    gi

    Asia.

    Administrarea operafional[

    a fondului,

    inclusiv

    oblinerea

    finan 5rii,

    alocarea

    capitalului,

    identificarea

    oportunitdlilor

    investi{ionale,

    investigarea/evaluarea

    diligentd

    a companiilor

    (due

    diligence),

    structurarea

    gi

    executarea tranzac{iilor,

    gestionarea

    gi

    monetizarea

    investiliilor,

    managementul

    relaliilor

    cu sponsori

    ftnanciari

    qi

    regulatorii

    de stat

    (FDiC,

    SEC,

    FSA).

    2OOI-2007

    MERRILL

    LYNCH

    NEW

    YORI(

    Director, Grupul

    de

    Investifii Globale

    Principale

    ,si

    Finan{5ri Structurate

    (7

    /02-3107)

    o

    Administrarea

    unui

    portofoliu

    investional

    al

    bincii

    Menill

    Lynch in mirime de

    peste

    $5

    miliarde

    in

    companii

    publice

    gi

    private qi produse financiare structurate

    prin

    intermediul investiliilor

    in

    capitalul

    social,

    investilii

    la

    nivel

    mezanin,

    qi/sau

    prin

    oferirea

    creditelor securizate

    intranzactji

    complexe de

    gen

    "private

    equlty"

    (inclusiv

    MBOuri

    / LBOuri, JVuri,

    etc.)

    gi/sau prin

    creditare directd;

    o

    Identificarea

    qi

    evaluarea atractivitdlii

    oportunitdlilor

    investilionale

    qi

    implicarea tn toate aspectele

    legate de

    o

    tranzactje,

    inclusiv due

    diligence, structurarea,

    negocierea,

    executarea

    qi gestionarea

    relafiilor

    cu

    partenerii investilionali

    gi

    regulatorii de

    stat

    (OCC qi

    SEC).

    Administrarea echipelor tranzac{ionale;

    o

    Tranzaclii

    exemplu

    includ:

    $1,5

    miliarde JV

    (intreprindere

    mixtd)

    cu un emitent

    de

    carduri

    bancare;

    investilie de

    $1,2

    miliarde

    in

    certificate

    fiscale

    de

    stat; achizi{ionarea unui

    portofoliu

    de creanle auto

    in

    mdrime

    de

    $1,0

    miliard;

    investi{ie

    securizatd

    in marime de

    $1,0

    miliard intr-o companie

    financiard

    ce oferd

    credite on-line

    pentru procurarea de automobile;

    investilie

    in

    mdrime de

    $300

    milioane de

    tip DIP

    (debtor-

    in-posession)

    tntr-o

    companie

    financiard

    aflatd in insolvabilitate; achizilionarea

    unei

    companiei

    de

    tip

    'business

    services" cu monetizarea

    ulterioard

    a

    investiliei

    ($147

    milioane); achizilionarea

    in

    mlrime

    de

    $98

    milioane a unei

    companii

    ce origineazd

    creanle

    de

    tip

    "time-share";

    achizilionarea

    in marime

    de

    $90

    milioane

    a

    unui

    portofoliu de

    active

    de

    tip

    "distressed"

    (cu

    riscuri

    sporite)

    compus din creanle comerciale

    gi

    ale

    consumatorilor;

    investilie

    de

    $50

    milioane

    in

    capitalul social

    gi

    la

    nivel

    mezanin intr-o companie

    financiard

    start-up

    emitentd

    de

    carduri

    bancare

    pentru

    intreprinderi

    mici;

    $50

    milioane

    JV

    pentru

    achizilionarea

    portofoliilor

    de active

    financiare

    de

    tip

    "distressed".

    Asociat,

    Fuziuni

    qi

    Achizi(ii

    (Mergers

    &

    Acquisitions)

    (8/01-7102)

    c

    Analiza

    gi

    determinarea

    fezabilitdlii

    alternativelor

    strategice

    pentru

    o

    gamd

    largd de

    proiecte

    de

    achizilii

    gi

    fuziuni,

    spin-ofluri,

    LBO-uri, IPO-uri,

    etc.

    in

    diverse

    sectoare

    ale economiei,

    inclusiv sectorul

    industrial,

    energetic, de

    asigurdri,

    gi

    imobiliar;

    o

    Due diligence

    financiar, contabil, de

    guvemare

    corporativd;

    analiza

    capacitdlii de

    creditare

    qi

    evaluarea

    companiei

    in diferite scenarii

    operalionale

    (inclusiv

    de

    tip

    "distressed")

    Ei

    cu diferite structuri

    de capital;

    o

    Analiza diferitor

    sectoare

    ale economiei

    in scopul

    oferirii

    consultanlei

    investiJionale;

    c

    Tranzaclii exemplu

    includ

    achizilia

    unei companiei

    industriale

    ($300

    milioane);

    restructurarea

    gi

    IPO-ul

    unei companii

    de asigurdri

    in sectorul

    de

    proteclie

    a s[n[tdlii

    ($417

    milioane).

    7I.8I2OOO

    GOLDMAN

    SACHS

    NEW

    YORK

    Stagiere in

    domeniul

    investiliilor

    bancare

    (Investment

    Banking

    )

    lgg4-lggg

    PRICEWATERHOUSECOOPERS

    MOSCOVA,

    KIEV,

    CHI$INAU

    Consultant

    Superior,

    Servicii de

    Consultan{i

    pentru

    Management

    r

    Servicii

    de consultanld

    pentru companii din

    sectorul

    gazo-petrolier,

    alimentar

    qi

    organizalii de

    stat din

    Rusia

    r

    Membru

    al

    echipei

    de management

    in

    proiectele

    de

    privatizare

    in

    masb

    din

    Republica

    Moldova

    qi

    Ucraina

    (1994-1996).

    Acordarea asisten{ei

    la elaborarea

    qi

    implementarea

    legisla{iei respective. Dezvoltarea

    qi

    gestionarea

    infrastructurii

    de

    privatizare

    ?n

    masd din Republica

    Moldova

    gi

    din

    diverse

    regiuni

    ale Ucrainei.

    Certificare

    NASD

    Series

    7

    qi

    63, New York,

    NY,

    SUA

    Limbi vorbite

    Romdna

    (fluent),

    engleza

    (fluent),

    rusa

    (fluent)

    Date

    personale

    Niscut

    ?n 197 | in Republica

    Moldova. Cdsdtorit, 3

    copii. Premiant al campionatelor

    nafionale

    la

    judo

    gi

    sambo.

  • 7/24/2019 Vadim Brinzan

    3/4

    Motivation

    Letter

    Selection Committee

    for

    the

    Position of

    Governor

    of

    the

    National

    Bank

    of Moldova

    162

    Stefan Cel Mare

    Blvd.

    Chisinau,

    MD-2073, Republic of

    Moldova

    Tel:

    +373

    (22)23-33-52

    Via

    e-mail:

    [email protected]

    February

    20,2016

    Dear

    Members

    of

    the Selection Committee:

    Thank

    you

    for

    providing

    the opportunity to apply for

    the

    position

    of Governor

    of

    the National

    Bank

    of

    Moldova.

    As

    evidenced

    in

    the

    enclosed

    CV

    and

    supporting

    documents,

    I believe I

    can

    significantly

    contribute both to

    the

    National Bank

    and

    to the

    banking industry

    of Moldova

    given

    my

    background as

    a

    Wall Street executive and

    international

    investor,

    as well

    as

    my strong desire

    to

    give

    back

    to Moldova in

    this

    difficult

    time

    with my knowledge

    and expertise in

    global

    finance

    and banking.

    After

    graduating

    from Harvard Business

    School

    in 2001,

    I

    spent

    the last

    15

    years

    working

    on

    Wall

    Street

    initially

    as a

    banker at

    Merrill

    Lynch

    (now

    part

    of Bank of America),

    one

    of the

    world's largest

    financial

    institutions,

    and then as

    an

    international

    investor

    deploying

    private

    equity

    funds

    in

    financial

    service companies

    in North

    America,

    Europe and

    Asia.

    While

    at Menill

    Lynch,

    I

    was

    fortunate

    to

    serve

    in

    many

    areas

    within

    the

    bank,

    including providing

    M&A

    advice

    in Investment

    Banking Group; making

    commercial loans

    in the

    Capital

    Markets Division;

    investing more

    than

    $5

    billion of Menill Lynch's

    capital

    in

    financial

    services

    companies and

    structured

    assets while a

    Director

    in Principal

    Investments

    & Structured

    Finance

    Group;

    monetizing

    Menill

    Lynch's

    investments in

    public

    markets

    through

    Sales &

    Trading division;

    and

    dealing

    with financial

    partners

    through

    Menill Lynch's

    Private

    Wealth Management

    Group.

    Working across

    various

    service

    lines

    and with different

    financial

    products

    provided

    me

    with

    unique hands-on

    experiences and valuable insights

    into

    Merrill

    Lynch's

    operations, namely:

    o

    how

    to

    set

    incentives

    and

    align

    interests

    to ensure

    that

    different

    groups

    within

    the

    bank

    operate

    effectively;

    .

    how

    to

    determine

    capital

    and

    liquidity

    requirements, assess

    risks, value

    assets,

    raise

    and

    allocate capital;

    .

    how to

    conduct due

    diligence

    on

    potential

    clients

    or

    investment

    targets

    and

    how

    to

    deal

    with investigation

    companies, including

    Kroll;

    .

    how to

    ensure

    regulatory

    compliance and

    how

    to work

    with

    government

    regulators

    such

    as the

    Office of

    the Comptroller

    of

    the

    Currency

    (OCC),

    the

    regulator

    and

    supervisor

    of all national banks

    in

    the

    US; the US's

    Securities

    and

    Exchange

    Commission

    (SEC)

    and

    the

    Federal Deposit

    Insurance

    Corporation

    (FDIC);

    as

    well

    as

    the

    UK's

    Financial

    Services

    Authority (FSA)

    (currently,

    the

    Financial

    Conduct

    Authority

    and the Prudential Regulation

    Authority).

    Motivation

    Letter

    / Vadim

    Brinzan

    Page

    I

    of2

  • 7/24/2019 Vadim Brinzan

    4/4

    Motivation

    Letter

    While working

    in

    New York and

    in

    London,

    I

    had

    the opportunity

    to be

    in

    the midst

    of

    and

    learn

    valuable

    lessons

    from

    the

    two

    global

    financial

    crises: the 2001-2002

    "technology

    bubble"

    meltdown

    and

    the

    2008-2009

    Great

    Recession,

    when

    seemingly

    healthy

    global

    financial

    institutions rapidly vanished and others

    had

    to

    be bailed

    out

    to

    stabilize the financial

    system.

    Some

    of

    the

    major

    lessons

    leamed

    during

    these

    times

    relate

    to,

    among others:

    o

    the

    effects

    of

    monetary

    and fiscal

    policies,

    as well as of the

    actions taken by

    Govemment

    authorities'

    in

    different

    countries to

    stabilize

    their

    financial

    systems

    and

    restore

    trust

    to their banking

    sectors

    and

    financial

    markets;

    o

    changes

    in financial

    institutions' corporate

    governance

    to ensure

    more

    transparency

    and accountability to stakeholders;

    avoid conflicts

    of interest

    and breach

    of

    trust

    situations;

    .

    changes

    in capital

    and

    reserve requirements

    to

    ensure

    financial

    stability;

    .

    changes

    in

    lending

    standards, reporting

    and disclosure

    requiremelts

    to

    improve the

    quality of

    assets,

    reliability

    of funding

    sources,

    and

    cash

    flow visibility;

    .

    changes in

    banking

    industry

    compensation structure,

    corporate

    culture

    and

    work ethics

    aimed

    at

    aligning

    short-

    and long-term

    interests

    and

    reducing

    the amount

    of

    unethical

    behavior and fraud

    in

    the system.

    All

    these

    experiences

    could be directly

    applied

    to

    remediate

    the

    existing

    state

    of affairs

    in

    Moldova's banking

    sector,

    which

    is under a

    significant

    amount

    of

    stress caused

    not only

    by

    global

    macroeconomic

    circumstances,

    but

    also

    by

    poor

    corporate

    governance,

    misalignment

    of

    interests,

    corporate

    fraud, and inefficient

    oversight, among others.

    If

    elected

    to the position

    of

    Governor,

    I

    am

    confident that both

    my work

    experiences and

    my

    macroeconomic analysis,

    financial

    and investment

    management

    skills

    acquired

    during all

    these

    years,

    coupled

    with

    my

    management

    abilities, would

    allow

    me and

    my

    team

    to

    develop

    and

    implement

    changes that

    would

    restore trust

    and

    bring stability to

    the

    banking

    system

    in Moldova.

    Once again, thank

    you

    for

    your

    time

    and consideration.

    I look forward

    to

    hearing

    from

    you

    soon.

    Kind

    Regards.

    Vadim Brinzan

    Motivation Letter

    /

    Vadim

    Brinzan

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