Ilya Sherbovich

Sherbovich owns the Ponoi river company, a fishing and tourist enterprise in Russia’s Murmansk region. PRC owns the license for sport fishing for Atlantic salmon on 80 km of the Ponoi river on the Kola Peninsula.

In 2007, Sherbovich started his own business. He invested the proceeds from the sale of his stake in UFG into a new investment company, United Capital Partners, which had been established in late 2006 by a group of former UFG employees and shareholders. In September 2007, he was appointed the President and Managing Partner of UCP and became the largest shareholder owning more than 50% of the firm’s capital. According to Forbes, in August 2013, total assets managed by the group amounted to $3.5 bn. As of summer 2016, Sherbovich owned 77.7% of the UCP Group of companies.

In 2003, Deutsche Bank acquired 40% of UFG with an option to buy the remaining 60%. This option was exercised in 2006. Sherbovich remained President of the newly formed Deutsche UFG joint venture and simultaneously headed the Investment Banking business of the Russian branch of Deutsche Bank. During his presidency, the bank was active in Russian mergers and acquisitions and also the initial and secondary offerings market. When UFG was sold to a subsidiary of Deutsche Bank in 2006, Sherbovich was the third largest shareholder of the firm with a stake of approximately 20%.

In 1995, Sherbovich joined United Financial Group (UFG) where he worked for over 12 years. UFG was founded as a brokerage firm in 1994 by Boris Fyodorov, a former Russian Deputy Prime Minister and ex-Finance Minister, and US businessman Charles Ryan, who previously worked with Fyodorov at the European Bank for Reconstruction and Development.

In his second year at university, Sherbovich joined International Finance Corporation (IFC), the World Bank's investment structure focused on emerging markets. In 1994 he left IFC to join the privatization department of the Russian Federal Commission for the Securities Market where he was a consultant at the Capital Markets Surveillance Unit.

Ilya Sherbovich (Russian: Илья Викторович Щербович , born December 23, 1974, Vladimir, Russia) is a Russian businessman and investor. He is the founder, president and managing partner of UCP Investment Group.

Ilya Sherbovich was born on December 23, 1974 in the city of Vladimir (200 km South East from Moscow). During his school years, Ilya was a successful chess player. In 1991, after graduating from high school in Vladimir, Sherbovich became a student of the Plekhanov Russian University of Economics in Moscow with a degree in Economics and business management.