Our Team

Get to know us

When you choose Ignatev Capital, you are partnering with a trusted, dedicated team recognized as an industry leader in strategic investment solutions.

We bring a proven track record of delivering exceptional returns — backed by rigorous due diligence processes and comprehensive risk management for your complete peace of mind.

Our legacy is built on consistently identifying and executing high-value opportunities that exceed expectations, delivered with unwavering commitment to our investors’ success.

At Ignatev Capital, excellence isn’t just a goal — it’s the standard we uphold in every investment decision and every client relationship.

Advisory Board

The Advisory Board of Ignatev Capital is composed of senior professionals and domain experts who provide strategic counsel, industry insight, and governance oversight as we expand our capital placement platform and institutional capabilities.

Drawing on decades of collective experience across investment banking, real estate development, macroeconomic policy, and capital markets, the Advisory Board plays a critical role in shaping the firm’s direction and ensuring alignment with global best practices.

Key Functions of the Advisory Board:

Strategic Guidance: Advises on long-term positioning, regional expansion, and capital formation strategies across Southeast Asia and CIS markets.

Investment Oversight: Reviews core investment theses, project scoring protocols (ClearView™), and ensures the integrity of capital structuring frameworks.

Market Access: Enhances our reach to qualified investors, co-investment partners, and institutional allocators in key financial hubs (Singapore, Hong Kong, London, Dubai, Zurich, Moscow).

Reputation & Governance: Upholds our commitment to transparency, compliance, and disciplined execution in all transactions and partnerships.

The Board is integral to our evolution from a specialist real estate operator to a fully institutionalized capital placement firm—operating at the intersection of private equity, infrastructure, and strategic development.

our client-first value creation process

Origination & Coverage

Our teams leverage extensive market networks and deep sector knowledge to identify high-value cross-border real estate opportunities. Through systematic client relationship management and proactive market intelligence, we ensure comprehensive coverage of potential transactions while maintaining strong connections with key stakeholders across multiple jurisdictions.

Analytics, Risk Assessment & Structuring

Comprehensive financial analysis and sophisticated risk modeling form the foundation of our transaction structuring approach. Our teams employ advanced valuation techniques, stress-testing scenarios, and regulatory compliance frameworks to design optimal deal structures that mitigate cross-border risks while maximizing return potential for all parties involved.

Joint Distribution

Combined marketing reach and institutional relationships enable broad transaction exposure to qualified investor networks. Our coordinated approach leverages both organizations’ distribution channels to ensure maximum market penetration and competitive bidding processes for each opportunity.

Deal Closing & Exit

Seamless project management and cross-jurisdictional expertise ensure efficient transaction completion from letter of intent through final closing and strategic exit planning. Our teams coordinate legal, regulatory, and operational requirements across multiple markets while developing optimal exit strategies that maximize value realization for all stakeholders throughout the investment lifecycle.

Leadership

The strategic alliance between Ignatev Capital and AV Group leverages the complementary expertise of both organizations to create a world-class investment banking platform specializing in cross-border real estate transactions. This structure assigns specific roles across the four key operational phases: Origination and Coverage, Execution & Analytics Leadership, Joint Distribution, and Deal Closing Coordination.

Pavel serves as CEO of the Alliance, leveraging over a decade of experience from Ernst & Young, AV Group, and ICM Asset Management to lead Southeast Asia’s premier boutique investment banking platform for real estate. His combination of private equity expertise and entrepreneurial vision positions the Alliance as the key bridge between institutional capital and exceptional real estate opportunities across emerging Asian markets. As CEO, Pavel provides strategic leadership, oversees major transactions, and represents the Alliance in international finance, delivering superior returns to global investors seeking opportunities in Asia’s dynamic real estate landscape.

Alexey brings 25+ years of strategic and capital deployment consulting excellence across 800+ completed projects since 1998, positioning him as the senior strategic architect of the Alliance. His deep expertise in structuring complex transactions and cultivating relationships with major institutional investors across Russia, CIS, and international markets provides the Alliance with unparalleled access to capital sources. Alexey’s strategic leadership ensures seamless integration between Ignatev Estate’s local market expertise and AV Group’s institutional capabilities, creating a powerful platform that delivers both boutique attention and institutional-grade execution for high-net-worth clients seeking premium real estate investments across Southeast Asia.

As Senior Partner and Chief Research Architect of the Alliance, Andrey transforms Ignatev Estate’s local market intelligence into institutional-grade investment analysis through AV Group’s proven methodologies developed across 800+ strategic projects. His mastery of advanced financial modeling, macroeconomic forecasting, and proprietary risk assessment frameworks elevates the Alliance’s analytical capabilities to investment banking standards. Andrey’s research leadership enables the Alliance to deliver comprehensive due diligence and market intelligence that institutional investors and family offices require, while his deep understanding of emerging market dynamics helps clients capture alpha opportunities that less sophisticated competitors miss in Southeast Asia’s rapidly evolving real estate landscape

“We’re building the institutional platform that sophisticated investors need to access Asia’s most compelling real estate opportunities with complete confidence.”

Olga Ignateva

Co- Founder, Investor Relationships Director

Olga leads our client relationship management and ensures exceptional service delivery throughout the investment process. As Director of Client Relations with extensive experience in international business development, she specializes in creating tailored solutions for high-net-worth individuals and institutional investors. Olga’s focus on client satisfaction and long-term relationships has resulted in consistently high client retention and referral rates.

Ilia Zakharov

Cross-Border Operations Director

Ilya coordinates our cross-border operations and ensures seamless integration between our Phuket headquarters and international advisory network. As Head of Economic Development, he brings deep expertise in regional economic analysis and operational efficiency. Ilya’s role ensures our clients receive coordinated, high-quality service regardless of their geographic location or investment complexity.

Anna Efremova

ESG & Social Impact Director

Anna leads our ESG integration and social impact assessment for real estate investments. With extensive experience in sustainable development and stakeholder engagement, she ensures clients’ investments align with responsible investing principles while maximizing community impact. Anna specializes in evaluating social sustainability of large-scale developments, working with developers to enhance community benefits, and helping institutional investors meet ESG mandates. Her expertise is valuable for clients seeking investments that deliver strong financial returns and positive social outcomes in Thai communities.

Aleksander Erzovsky

Real Estate Development Advisor

Alexander provides specialized expertise in urban planning, spatial development, and regulatory compliance for complex real estate projects. His deep understanding of development processes and regulatory environments helps clients assess the full potential and risks of development-stage investments. Alexander’s technical due diligence capabilities are particularly valuable for large-scale mixed-use and master-planned developments.

Maxim Derov

Head of Spatial Development

Maxim is bringing expertise in urban planning and land use optimization to our real estate investment strategy. With deep knowledge of zoning regulations, master planning, and spatial analysis, he identifies high-potential development opportunities and ensures projects align with regional growth plans. Maxim specializes in evaluating site feasibility, analyzing infrastructure requirements, and assessing regulatory compliance for large-scale developments. His expertise is crucial for clients seeking strategic land investments and developments that capitalize on Thailand’s evolving urban landscape and spatial development initiatives.

Yulia Ryabkova

Hospitality & Tourism Market Advisor

Yulia brings specialized knowledge of tourism markets and hospitality asset performance to our investment analysis. Her expertise in destination analysis, market demand forecasting, and operational optimization is crucial for clients investing in resort, hotel, and tourism-related real estate. Yulia’s insights help clients understand both the immediate investment potential and long-term market dynamics of hospitality assets.

Natalia Ivanova

Infrastructure Advisor

Natalia provides expertise in infrastructure development impact and corporate structuring for complex international investments. Her experience in large-scale project coordination and governance frameworks helps clients optimize their investment structures for tax efficiency and operational effectiveness. Natalia’s work is particularly valuable for institutional investors and complex multi-asset transactions.

Denis Yudin

Financial Modeling Director

Denis leads our financial modeling and investment analysis for real estate opportunities. With deep expertise in valuation methodologies and market analysis, he develops comprehensive financial models that help clients make informed investment decisions. Denis specializes in cash flow projections, risk assessment, and return optimization for both residential and commercial developments. His analytical expertise enables institutional investors and developers to accurately evaluate project feasibility, structure optimal financing, and maximize returns while minimizing risk exposure in the Thai real estate market.

Nadezhda Zakharova

Financial Integration Specialist

Nadezhda manages cross-border financial coordination and ensures compliance with international financial regulations. Her expertise in multi-jurisdictional financial structures and tax optimization helps clients navigate the complexities of international real estate investment. Nadezhda’s work ensures all transactions are structured efficiently and in full compliance with applicable regulations.

Yulia Iliaeva

Tourism Market Specialist

Dr. Yulia brings specialized expertise in strategic planning and tourism market development, with a PhD in Management Sociology and over 15 years of experience leading regional development initiatives. As Head of Social Development and Tourism at LC-AV, she has directed strategic planning for major Russian regions including Kuban-2030, Alania-2030, and YANAO-2035. Her deep understanding of tourism sector dynamics, venture financing, and social impact assessment provides invaluable insights for clients investing in hospitality and tourism-related real estate, ensuring investments align with long-term market trends and sustainable development objectives.

Vitaly Vinnikov

Technical Due Diligence Specialist

Vitaly provides senior-level investment advisory services and strategic counsel on market timing and positioning. His extensive experience with high-net-worth individuals and family offices ensures our clients receive sophisticated investment guidance tailored to their specific objectives and risk profiles. Vitaly’s role bridges strategic advisory with practical investment execution.

Timothy Ignatev

Investment Analytics and Market Research, Center for Business Knowledge & Systems

Timothy leads our quantitative analysis and market research capabilities, providing data-driven insights that underpin our investment recommendations. His expertise in financial modeling, statistical analysis, and market trend identification ensures our clients receive rigorous analytical support for their investment decisions. Timothy’s research methodology combines advanced analytics with local market intelligence to identify emerging opportunities and assess investment risks across Southeast Asian real estate markets.