Oleg Belinsky, who for a long time headed the capital market department of the public debt department of the Ministry of Finance and served as deputy chairman of the board of Ukreximbank, became the owner of a 90.28% stake in the investment company HUG'S (HAGS LLC).
Interfax-Ukraine reports this with reference to information from the Youcontrol open data platform.
The only available information on this transaction is that the National Commission for Securities and Stock Market of Ukraine (NCSM) agreed on Belinsky’s intention to acquire a significant stake in the company at a meeting on August 11.
“The regulator did not specify any other details of the possible purchase, although it usually publishes such decisions,” the agency notes.
It is known about Belinsky that his work experience in the financial and banking sector is more than 25 years; in particular, he worked in the National Bank of Ukraine, the Ministry of Finance and the Ministry of Transport, Ukrsotsbank, and also held senior positions in PJSC “PFTS Stock Exchange” and headed the development company “Europe”, created by banker Nikolai Lagun.
From December 2014 to May 2020, Belinsky served as deputy chairman of the board of state-owned Ukreximbank.
According to information on the website of the company, whose authorized capital is UAH 1.44 million, the seller of the package was the director of ICU Trade, Sergey Shvets.
Another 9.72% of HUG'S belongs to the director and investment adviser of the company, Gleb Kabalniv, while at the beginning of 2023 this share belonged to the company's founder, Eric Naiman.
At the end of 2020, the owners of the Capital Times investment company with offices in Ukraine and Belarus, Sergei Goncharevich and Naiman, divided the business into B2B and B2C areas.
Naiman then noted that he would be involved in wealth management and the B2C direction in general under the HUG'S brand.
At that time, the company specializing in investment consulting had more than 300 active accounts on Interactive Brockers, more than UAH 400 million under management and carried out more than 150 transactions daily.
In 2022, HUG'S revenue decreased by 8.9%, and net profit by 14 times.
