Volodymyr Demchyshyn

Biography

Education Demchyshyn graduated in International Economic Relations from the Lviv State University, and later went on to receive an MBA in international finance from the University of Kansas.

Banking career After finishing his academic studies, Demchyshyn went on to work in the financial sector, having held multiple senior positions for several banks and financial institutions.

From 2008 - 2014, Demchyshyn was a partner at Investment Capital Ukraine and headed its investment banking department, under Paseniuk and Stetsenko.

It was later revealed that the formula was put into motion by Dymchyshyn to boost the profitability of Ukrainian energy company DTEK, and increase returns for investment firm Investment Capital Ukraine, which had bought DTEK’s struggling bonds the year before. According to media reports, the profitability from the insider knowledge scheme has boosted Investment Capital Ukraine's assets under management to over $500 million.

The Coal Case In 2021, the Ukrainian SBU and SBI notified Demchyshyn about an official investigation against him on suspicion of involvement with terrorist organizations, particularly in relation to agreements to supply coal to Russian forces. It was later reported that he had withdrawn from his positions in Investment Capital Ukraine's businesses days prior to the notification, in order to avoid further investigation into past business dealings similar to the Rotterdam+ scheme. In addition to withdrawing from his positions at Investment Capital Ukraine, Demchyshyn fled the country to avoid being prosecuted in Ukraine, and settled in Cyprus.

In January 2022, Demchyshyn was put on the international wanted list for his involvement in the coal case.