IFD Kapital Group

IFD Kapital Group, earlier also called IFD Capital Financial Group, is a Russian financial holding company founded in 2003 from LUKoil non-oil assets, based in Moscow. With assets exceeding US$14.7 billion and total shareholders’ funds of 7.5 billion US$ as of 2012, it ranked among the top-100 largest Russian companies by volume of proceeds, according to ratings of Expert-400 and finance500.com. As of 2013 it had a triple A rating with a Russian rating agency.

The origin of IFD Kapital Group are with the Russian oil giant LUKoil. In the beginning of 2003, LUKoil split off 3 billion US$ of non-oil or non-core assets, which started IFD Kapital Group: LUKoil's insurance business and pension fund LUKoil-Garant. LUKoil's deputy chief executive Leonid Fedun became IFD Kapital's first chair. In April 2003, IFD Kapital Group agreed to buy brokerage LUKoil-Reserve-Invest, and the sale was completed in January 2004. In the spring of 2003 IFD Kapital Group also bought JSC Capital Investment Group, which had started within LUKOIL Reserve-Invest about 7 years earlier. In June 2004 IFD Kapital group bought LUKoil's majority stake in the mid-sized bank Petrocommerce, (OJSC), which had been founded in 1992, and it sold it in 2013 to Otkritie Financial Corp. By 2004 IDF Kapital Group was owned by a closed-end fund called Strategic Investments, with unknown owners, managed by 'Management-Center', and Igor Sherkunov as chairman of the board of directors, a long term LUKoil insurance company man and member of LUKoil's board of directors.

In May 2006, the two main owners of IFD Kapital were reported to be Lukoil executives: CEO Vagit Alekperov and deputy chief executive Leonid Fedun.

IFD Kapital Group operates in investment banking and brokerage services, focusing on pension reserves and insurance reserves. The company manages non-state pension funds, closed-end real estate mutual funds, and various insurance products, including mandatory medical insurance. It manages 36 non-governmental pension funds (NPFs), including such major Russian funds as Blagosotoyanie a mandatory pension insurance in 80 regions of Russia, serving 2.9 million customers, assets of 6.5 billion euros,Gazfond, LUKOIL Garant, Norilsk Nickel, Sberbank, the government-owned Electric Power Industry fund, Promagrofond, KIT Finance Investment Bank, and others.

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