Oleg Vyugin
Encyclopedia
Oleg Vyacheslavovich Vyugin (Russian: Вьюгин Олег Вячеславович, born July 29, 1952) was the Head of the Federal Financial Markets Service
of Russia
.
in 1974. In 1977 he completed his graduate studies in physics and mathematics the same university.
From to 1978 to 1988 Mr. Vyugin worked as an academic at various economic research institutes.
From 1989 to 1993, he was Chief Researcher at the Russian Academy of Sciences
’ Institute of Economic Forecasting.
In 1993, Mr. Vyugin was appointed Head of the Macroeconomic Policy Department at the Russian Ministry of Finance. In 1994, he became a member of the board of the Ministry of Finance. From 1996 to 1999, he served as Deputy Minister of Finance, and in 1999 was appointed First Deputy Minister.
In 1999, Mr. Vyugin became Chief Economist and Executive Vice President of Troika Dialog
.
In 2002, he was appointed First Deputy Chairman of the Central Bank of Russia responsible for monetary policy.
(FFMS).
He was regarded as a reformer and has implemented several changes to Federal laws to facilitate public offerings in the Russian market. He is a strong supporter of the domestic stock markets and criticised both issuers and investment banks for listing companies with predominantly Russian assets on foreign exchanges without listing in Russia. On May 10, 2007, Vyugin left his position in the Federal Financial Markets Service, succeeded by Vladimir Milovidov.
Federal Financial Markets Service
The Federal Financial Markets Service is a Russian federal executive body which regulates Russian financial markets including securities issuance and trading and supervision of exchanges, issuers, professional market participants and their Self-Regulatory Organisations; the Russian Federation...
of Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
.
Education and early career
Mr. Vyugin graduated from the Moscow State UniversityMoscow State University
Lomonosov Moscow State University , previously known as Lomonosov University or MSU , is the largest university in Russia. Founded in 1755, it also claims to be one of the oldest university in Russia and to have the tallest educational building in the world. Its current rector is Viktor Sadovnichiy...
in 1974. In 1977 he completed his graduate studies in physics and mathematics the same university.
From to 1978 to 1988 Mr. Vyugin worked as an academic at various economic research institutes.
From 1989 to 1993, he was Chief Researcher at the Russian Academy of Sciences
Russian Academy of Sciences
The Russian Academy of Sciences consists of the national academy of Russia and a network of scientific research institutes from across the Russian Federation as well as auxiliary scientific and social units like libraries, publishers and hospitals....
’ Institute of Economic Forecasting.
In 1993, Mr. Vyugin was appointed Head of the Macroeconomic Policy Department at the Russian Ministry of Finance. In 1994, he became a member of the board of the Ministry of Finance. From 1996 to 1999, he served as Deputy Minister of Finance, and in 1999 was appointed First Deputy Minister.
In 1999, Mr. Vyugin became Chief Economist and Executive Vice President of Troika Dialog
Troika Dialog
Troika Dialog is an independent full service integrated investment bank and asset management firm in Russia and the CIS. Since the company’s founding in 1991, Troika Dialog has developed its core lines of business: securities sales and trading, investment banking, private wealth and asset...
.
In 2002, he was appointed First Deputy Chairman of the Central Bank of Russia responsible for monetary policy.
Head of the Federal Financial Markets Service
On March 23, 2004, Mr. Vyugin was appointed Head of the Federal Financial Markets ServiceFederal Financial Markets Service
The Federal Financial Markets Service is a Russian federal executive body which regulates Russian financial markets including securities issuance and trading and supervision of exchanges, issuers, professional market participants and their Self-Regulatory Organisations; the Russian Federation...
(FFMS).
He was regarded as a reformer and has implemented several changes to Federal laws to facilitate public offerings in the Russian market. He is a strong supporter of the domestic stock markets and criticised both issuers and investment banks for listing companies with predominantly Russian assets on foreign exchanges without listing in Russia. On May 10, 2007, Vyugin left his position in the Federal Financial Markets Service, succeeded by Vladimir Milovidov.