Challenge of change


Andrej Erjavec

Andrej Erjavec

Project Manager
Investment Banking, InterCapital Securities Ltd

After graduating from the University of Zagreb, Faculty of Economics (BSc - Economics & Accounting) and getting a masters degree from the University of Southampton, School of Management (MSc with distinction - Accounting & Finance), Andrej began his career in InterCapital Securities - the largest non banking securities firm in Croatia with offices in Zagreb and Belgrade and strong regional presence.

He started as an Analyst in the Investment Banking, eventually progressing through Senior Analyst positions and Associate position to the current position of Project Manager.

Andrej possess extensive experience in the fields of corporate finance & capital markets (valuation and financial modelling, M&A, equity and debt raising, corporate restructurings, strategic management accounting) and has worked on a number of large investment projects, including three international IPO’s.

He is a two time recipient of Dean's Award for outstanding academic achievement and is a former part time teaching assistant on the corporate finance course at the University of Zagreb. In his free time Andrej enjoys squash and skiing.

Ivana Gazic

Ivana Gazic

President of the Management Board
Zagreb Stock Exchange

Graduated in Finance from the Faculty of Economics and Business at the University of Zagreb and gained the Executive MBA degree from the International Executive Development Center Bled (Slovenia) and is also a certified investment advisor.

Ivana gained wide professional experience working for leading Croatian companies and financial institutions starting her career in 1998 at Pliva where she served until 2003 as a Head of Capital Market Operations. Since 2003 till 2005 she worked at Lura as a Head of strategic financing project with EBRD and DEG and the assistant to CEO. In 2005 Ivana joined Société Générale - Splitska Banka as a Deputy Head of Corporate Department and a Head of Structured Finance Department. She continued her career in Hypo Alpe-Adria-Bank taking the position of Executive Director responsible for financial markets, private banking, corporate finance, asset management and investment funds.

Since May 2010 Ivana is the President of the Management Board of Zagreb Stock Exchange. She was a speaker, lecturer and participant in numerous conferences and professional gatherings on the subject of banking, finance and capital markets.

Kresimir Gjenero

Kresimir Gjenero

Allianz ZB d.o.o. Voluntary Pension Fund Management Company

Krešimir Gjenero, MSc Finance (Cass), is CEO of Allianz ZB d.o.o. Voluntary Pension Fund Management Company. He graduated from the Faculty of Economics in Zagreb at the Department of Finance. He completed postgraduate studies in finance at the Cass Business School, City University London in 2001.

He began his business career at Zagrebačka bank in 1996, where he completed EDUKA, a one-year specialist programme. After completing the program, he moved to the International Division to the position of Head of Embassy Banking. In 1999 he became Head of Financial Institutions Research in the Capital Market Division.

After completing his postgraduate studies, he continued his career at Allianz ZB as head of the voluntary pension saving project to soon become CEO of the company. The company manages the best performing voluntary pension funds on the market, with a total market share of 50%.

He has participated in numerous seminars in Croatia and abroad, and received additional training at Riggs Bank, Washington and Citibank, New York. In September 2002, he fulfilled the conditions for becoming a licensed pension fund manager. Since 2011 he has been a member of the Supervisory Board of the Port of Ploče.

Željka Grabovickic

Zeljka Grabovickic

Senior Sales Associate
Fidelity Worldwide Investment

Mag. Željka Grabovičkić, CPM is a Senior Sales Associate in Austria and Eastern Europe for Fidelity, working in the bank and institutional client sector. Fidelity Worldwide Investment is one of the leading global asset managers with US$ 300 bn under management and administration for European and Asian clients. Prior to joining Fidelity she was responsible for institutional clients at Allianz Global Investors between 2007 - 2012.

Željka studied German and Literature Studies and Slavic Studies in Klagenfurt, Austria and holds a CPM from the Bank Akademie Wien.

Maria Gratsova

Maria Gratsova

Equity Strategist and Product Manager
Citigroup Global Markets

Maria Gratsova is Citi’s Frontier Markets Strategist. Starting with the firm in 2007, Maria was one of the primary drivers in establishing and building up Citi’s Frontier Markets capabilities over this period.

She publishes regular Strategy commentary on Frontier Markets and maintains ties with investors, corporate and local brokers across this diverse group of relatively new equity markets. In addition to Frontier Markets, she has also covered CEEMEA Strategy and has been heavily involved in marketing across Emerging Markets. Maria has been recognized in both the Institutional Investor and Extel surveys across the Frontier Markets, CEEMEA, Emerging Europe, Southern Sub-Saharan Africa and MENA Equity Strategy categories in 2012-13.

Her prior experience includes research on Africa and Eastern Europe/ CIS at various institutions, including the BBC World Service Trust. Maria holds a degree in International Relations from the London School of Economics. She is a native Russian speaker and is fluent in English, French and Finnish.

Petr Grishin

Petr Grishin

Head of Macro Research and Chief Economist for CEE
VTB Capital

Petr Grishin is a head of macroeconomic research at VTB Capital and Chief Economist for Eastern Europe. His main focus is to add new regions to VTB Capital’s coverage, namely South East Europe and the Baltics, with an emphasis on sovereign credit.

Previously, Petr was a senior credit analyst for CIS public finance (Ukraine, Belarus and Kazakhstan) and hydrocarbons & petrochemicals. In 2008-2011, Petr was ranked #1 in the Institutional Investor’s All-Russia Corporate Debt nomination. Before joining VTB Capital in September 2010, Petr was a credit analyst and the head of credit research at Renaissance Capital, covering a wide spectrum of industries from metals and mining to retail. Prior to that, Petr led municipal bond research at Rosbank (and, before its merger with Rosbank, MFK Bank). His group was named ‘Best Municipal Bond Research’ team by CBonds agency in 2004.

Petr has been a CFA charterholder since 2004. He earned a cum laude bachelor’s degree in Economics specializing in public finance from Lomonosov Moscow State University and a cum laude MA degree in Economics from the Central European University in Budapest, Hungary, with a focus in international finance.

Julie Hudson

Julie Hudson

Head of Global Sustainability Research
UBS Limited

Julie Hudson, CFA, is a Managing Director of UBS, where she heads up (having also founded) the Global ESG & Sustainability team in Equity Research. The team launched key publications on “quantifying the unquantifiable” in 2005, water in 2006, climate change in 2007, corporate governance in 2008, ESG (environmental social and governance) 'integration' in 2010-2012 and Integrated Reporting in 2012.

External publications include the following: co-authored with Paul Donovan, Food Policy and the Environmental Credit Crunch, From Soup to Nuts (Routledge, forthcoming, October 2013) and From Red to Green? - How the Financial Credit Crunch Could bankrupt the Environment (Earthscan, 2011), The Social Responsibility of the Investment Profession, Research Foundation of CFA Institute, August 2006.

She is currently a member-nominated Trustee Director of the UBS UK Pension Fund and a Visiting Business Fellow with the Smith School of Enterprise and the Environment, Oxford University.

Vedrana Jelušić Kašić

Vedrana Jelusic Kasic

Director for Croatia
European Bank for Reconstruction and Development

Vedrana Jelušić Kašić took over the position of the EBRD Director for Croatia on 1 June 2013.

In her previous role of EBRD Senior Banker, Vedrana Jelušić Kašić was responsible for the agribusiness sector development in the region of south-east Europe. She took that position at EBRD Zagreb Office in 2005, coming from EBRD London Headquarters. She has defined and managed investments in the area of food, drinks, retail and packaging.

She has successfully concluded more than 40 projects worth over EUR 1 billion throughout 14 countries in south-east Europe, ZND and Russia. Jelušić Kašić lead projects with the key regional and multinational companies, including Agrokor, Dukat, American Bunge, Vetropack, French Pernod Ricard, Austrian Spar, Serbian MK Grupa. She has furthermore actively participated in introduction of warehouse receipts financing in the region.

She is a member of the Supervisory Board of Croatian Atlantic Grupa, as well as of Victoria Grupa, the biggest agribusiness concern in Serbia. She is a former member of the Supervisory Board of Tikveš, the leading wine producing company in Macedonia and of VF Komerc, at the time retail chain in Bosnia and Hercegovina. She started her carrier at EBRD in January 1998 as Analyst for Ukraine, Romania, Croatia, Bosnia and Herzegovina, Belarus and Moldova.

Rich experiences were gained at renowned organisations such as Raiffeisen bank Austria d.d. Zagreb, Merrill Lynch Private Client Group in Boston, Croatian National Bank and the Central Securities Depository Agency Monte Titoli S.p.A. in Milan. She holds a Master’s Degree in International Finances from the Brandeis University in Boston, Massachusetts, USA, and she graduated at the Faculty of Economy in Zagreb. She twice won Rector’s Award of the Zagreb University in the field of economy. In Vienna she attended and successfully accomplished specialised courses in international finances at the faculty of Economy and the Economy Institute.

She is an active member of the business society and a member of the Honorary Committee of Hrabri telefon. She is a co-author of the book on international accounting and the author of numerous specialized articles in national business publications. In July 2013 Vedrana has acquired the Financial Times Non Executive Director Diploma.

Dubravko Lakos Bujas

Dubravko Lakos-Bujas

Head of Quant Strategy, Americas Equity Research
J. P. Morgan

Dubravko Lakos-Bujas joined the J.P. Morgan Quantitative Strategy Team in June 2010 as a senior analyst focusing on the U.S. markets.

Prior to joining J.P. Morgan, he worked for 6 years at Deutsche Bank Asset Management within the Quantitative Strategies Group. There he worked in various investment roles, predominantly as a quantitative research analyst, on their Global Macro, Quantitative Equity and Strategic Asset Allocation strategies, and was a member of their Investment Oversight Committee.

Dubravko holds a Bachelor's degree in Economics/Finance/Mathematics from Wittenberg University; he is an active member of the university's Endowment Fund Investment Committee.

Pierre Matek

Petar-Pierre Matek

President of the Board
Croatian Financial Services Supervisory Agency

Graduated in Finance from the Faculty of Economics and Business at the University of Zagreb and gained the CFA and CIPM degree (CFA Institute, USA), as well as DESS ‘International Management – Finance’ at Louis Pasteur University at Strasbourg, France (postgraduate study in international finance and financial markets, master degree thesis in foreign exchange risk management). He also holds an investment advisor license (Croatian SEC) and Pension fund's management license.

Pierre started his career in 1998 at Croatian National Bank as USD fixed income portfolio manager and continued at Zagrebacka banka (UniCredit Group) as a Head of the Asset Management Department. In 2002 he became a President of the Management Board of ZB Invest mutual funds management company (Zagrebacka banka Group, UniCredit Group). In 2011 Pierre was appointed President of the Board of the Croatian Financial Services Supervisory Agency and also represents Croatia in ESMA (European Securities and markets Authority), EIOPA (European Insurance and Occupational Pensions Authority) and ESRB (European Systemic Risk Board).

He was also President of the Croatian Association of Mutual Funds Management Companies, Vice-president of the Croatian Association of Mutual Funds Management Companies and a member of the Working Group for the Chapter Financial services within the negotiations process for the accession of the Republic of Croatia to the European Union as well as a member of various working groups related to the adoption of capital markets and investment fund regulation in line with EU Directives.

Stefan Maxian

Stefan Maxian

Head of Company Research
Raiffeisen Centrobank AG

Born in Vienna in 1973, he graduated from Vienna Economic University in 1997. From 1997 to 2001 he worked in the CEE Credit Risk department of Raiffeisen Zentral Bank (RZB).

He joined Raiffeisen Centrobank in 2001 as an analyst, then covering various Austrian and East European equities. At the same time he was responsible for the sector “Banks and Insurers”.

Early 2012 Stefan Maxian was appointed chief analyst of Raiffeisen Centrobank. Furthermore he is holding the position of board member of ÖVFA (Austrian Association for Finanacial Analysis and Asse Management) and is also a member of the Austrian Financial Reporting and Auditing Committee – AFRAC.

Mario Radakovic

Mario Radakovic

Member of the Board
Croatian Financial Services Supervisory Agency

Mario Radaković graduated from the Faculty of Science (Department of Mathematics), University of Zagreb. In 2000, he started his professional career as a financial analyst with Accenture in the Federal Republic of Germany. In 2002, he got employed as analyst with PBZ Croatia Osiguranje d.d. mandatory pension company, where he obtained the position of fund manager in 2004, to be appointed member of the Management Board in 2007. At the beginning of 2012, Mr Radaković was appointed member of the Board of Hanfa.

Mirjana Radjenovic

Mirjana Radenovic

Assistant of Minister of Labour and Pension System

Mirjana Radenović graduated from Faculty of Economics and Business, University of Zagreb. She started working as Assistant of Minister of Labour and Pension System in January 2002.

Previuos employment included were Superintendent for business affairs in Service for External Monitoring and Control, Assistant of Director of Croatian Health Insurance Fund for business affairs and other.

Igor Storchak

Igor Storchak

Senior Banker
EBRD, Transport Team

Igor Storchak is a Senior Banker at the EBRD covering infrastructure and transport sector. Igor has been at the EBRD since 2001 and has gained extensive experience in transport sector financings in emerging markets of Central & Eastern Europe, Russia/CIS and Turkey. Igor has an MBA from Old Dominion University (USA).

Zdeslav Santic

Zdeslav Santic

Chief Economist
Société Générale - Splitska Banka

He began his career as an economic analyst at the Prime Minister's Office, and later on joined the Central State Administrative Office for the Development Strategy. He also served as a Director of Economic Research for Raiffeisenbank Austria.

Since 2009 Zdeslav is Chief Economist of Société Générale – Splitska banka.

He is mostly focused on transition economies, foreign direct investment, sectoral analysis and banking system. Zdeslav also participated as a consultant in several major projects such as CARDS project related to removal of administrative barriers and FDI encouragement, as well as in a few IPO’s in the domestic market.

Danko Škare

Danko Skare

Legal Officer
Erste d.o.o. Mandatory Pension Fund Management Company

Danko graduated from Faculty of Law at University of Zagreb in 2006 and passed the Bar exam in 2008.

He started his career as a trainee at Ruždjak&Partners law firm in Zagreb and became a Chief Legal Officer at INGRA Engineering and Construction Co. in 2008.

In 2010 he took a position of Legal Officer at Raiffeisenbank Austria and since 2012 is a Legal Officer at Erste ltd - mandatory pension fund management company.

In his work Danko is mainly focused on drafting of legal opinions and legal counseling; drafting and negotiating contracts and other legal documents; drafting by-laws, general and statutory acts of the Company, and general and statutory acts of the Pension fund managed by the Company; representation of the Company in administrative and court proceedings; legal support in financial markets investments; legal compliance, regulations and best market practices compliance management.

Hannes Takacs

Hannes Takacs

Managing Partner

Hannes A. Takacs is a Managing Director of CAPMEX – The Capital Market Experts, a specialized Exchange and Financial Sector Consultancy. Among the clients are: Exchanges, Supervisory Authorities, Financial Institutions, Banks, Clearing Houses, CSDs and Companies. CAPMEX provided services in more than 50 countries. From 1997 to December 2002 he was a Director of Consulting & International Projects at the Vienna Exchange and before that he worked for the Austrian Futures and Options Exchange, where he led the consulting department and the Exchange Academy. In his more than twenty years of experience Hannes has been actively involved in a great variety of projects related to financial sector development, exchange management, strategic planning, investments and SME financing, mainly in emerging markets.

Hannes managed a number of commercial and donor-funded financial market projects all over the world and among others; he is a frequent adviser to management boards of various financial and non-financial institutions, especially Exchanges and CSDs.

For a period of eight years, he was a Member of the Supervisory Board of Energy Exchange Austria and currently, Hannes is a Member of the Board of Directors at KELER Central Counterparty (CCP) and Budapest Stock Exchange (Hungary) and a Member of Board of Directors (Exchange Chamber) at Prague Stock Exchange (Czech Republic).

Hannes holds a Master Degree in Business Administration and Educational Management from the University of Leicester, UK.

He is an author of various publications, frequent speaker at and chairman of capital market conferences and at environment management conferences with focus on emission trading as well as a speaker on crowd-funding at conferences and webinars.

Edita Vlahovic Zuvela

Edita Vlahovic Zuvela

Deputy editor-in-chief
"Banka" magazine

She has worked as a journalist and editor in Banka, the leading Croatian business magazine, since 2001. She also worked as a deputy editor-in-chief of Eukonomist (2005-2009), a monthly published jointly by Banka and the Croatian Employers' Association.

During her career as a journalist, she has published analytical articles about a diverse range of current topics such as public policies, notably fiscal, social and economic policies, privatisation and restructuring, development and technological development issues etc.

She has organized and hosted the following round tables and public discussions: Financial industry and corporate restructuring (2013), Health system analysis (2012), and Pension system analysis (2011).

She has been a professional journalist since 1989. She worked as a columnist and one of the leading journalists of Jutarnji list, specializing in home affairs and the working of the Parliament of the Republic of Croatia (1998-2001). She followed the working of the Government and the Parliament of the Republic of Croatia for Novi list between 1993 and 1998. She had worked in the Slobodna Dalmacija's Zagreb correspondent office until 1993 and in Večernji list between 1989 and 1991.

Biserka Zalac

Biserka Zalac

Raiffeisen pension insurance company Ltd.

Biserka Žalac started working as CEO of Raiffeisen pension insurance company Ltd. in 2002. Previous position held by Biserka was that of Board member of Raiffeisen voluntary pension fund management company Ltd. and project manager and head of member service at Project of pension funds founding for Raiffeisenbank Austria d.d.

Biserka has extensive professional education in consultation regarding Pension Insurance, legislative changes at pension and disability insurance and at Croatian Pension Reform.

She is also author of articles on Pension Insurance and Pension Reform and is licensed manager for Pension Insurance Companies.

Sponsored by

  • BNP Paribas IP
  • Unicredit
  • Hypo Alpe Adria Bank
  • Societe Generale securities-services
  • Croatia osiguranje
  • Fidelity Investments
  • Hrvatski telekom
  • INA
  • Baader
  • Erste Bank
  • Erste Invest
  • Erste Mirovinski Fondovi
  • Thomson Reuters
  • Podravka
  • Cedevita
  • Ledo
  • Kraš
  • PPD Distribucija
  • SIXT rent-a-car
  • Jana
  • Ara electronic

Institutional partner

  • EBRD

Media partners

  • Poslovni dnevnik