# Alexander Nesis

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Russian businessperson

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Alexander Nesis Nesis in 2010 Born Александр Натанович Несис December 19, 1962 (1962-12-19) (age 63) Leningrad, USSR Citizenship Russia Israel Malta Alma mater Leningrad Institute of Technology Occupations Founder and Сo-Owner of ICT Group

**Alexander Nesis** (born December 19, 1962) is a Russian entrepreneur and the largest stakeholder of a [private equity firm](/source/Private_equity_firm) ICT Holding Ltd. (Cyprus). He was the founder and the president of the [ICT Group](/source/ICT_Group_(Russia)), a private equity entity based and operated in [Russia](/source/Russia) from 1991 until 2013.

## Biography

Born in Leningrad in 1962, Nesis studied [radiochemistry](/source/Radiochemistry) at the Lensovet [Leningrad Institute of Technology](/source/Leningrad_Institute_of_Technology). After graduation he worked as master supervisor at the [Baltic Shipbuilding Yard](/source/Baltic_Shipyard) (the largest and one of the oldest in Russia, est. 1856), which produced a variety of ships including nuclear icebreakers and submarines.[1][2] In the early 1990s, Nesis left the shipyard to set out as an entrepreneur, opting to work for himself rather than for the state.[3]

Together with a small group of business partners, he first concentrated on the production of materials derived from uranium deposits located in the deserts of [Uzbekistan](/source/Uzbekistan).[4] In 1991, the same group of entrepreneurs embarked upon a new venture to invest in the shipbuilding and metals industries.[5] In 1993, their company became known as the ICT Group. In the same year, Nesis returned to the Baltic Shipbuilding Yards as its controlling shareholder and Head of Board of Directors.[6]

Chairman of the board of directors at OAO Baltiysky Zavod between 1993 and 1998 and 2002-2005.[7]

Acted as general director and a member of the board of directors at Polymetal, 1998–2003.[8]

Nesis is also an Israeli and Maltese citizen.[9][10]

## ICT Group

Main article: [ICT Group (Russia)](/source/ICT_Group_(Russia))

The ICT ("Investments, Construction, Technologies") Group, founded by Nesis in the early 1990s, for years used to be one of the largest privately owned investment and industrial companies in [Russia](/source/Russia). It was headquartered in Moscow and in [St. Petersburg](/source/St._Petersburg). It invested in, developed and managed assets in wide range of industries, including the banking and financial industry, metals and [mining](/source/Mining), precious metal production, heavy engineering, [logistics](/source/Logistics), construction and development.[4]

The portfolio of assets under the Group's management included such recognized leaders in their respective industries as NOMOS-BANK, Khanty-Mansi Bank, Polymetal and [United Wagon Company](/source/United_Wagon_Company). From 2010 till 2013 the Group also held large equity stakes in the potash producer Uralkali and Baltic Leasing.[11] The group's assets were located primarily in Russia, but it also had interests in Kazakhstan and developing markets.[4]

In 2013 ICT Group (Russia) ceased its operations. Following the restructuring of assets a new private equity firm ICT Holding Ltd (Cyprus) was founded. The company focuses on equity and venture investments in international public companies from the following industries: energy, metals and mining, autos and transportation, medtech. Nesis is its largest stakeholder.[12]

## Business Approach

Nesis and the ICT preferred business strategy was to set up a project and grow it until it can be run independently. ICT has been described as a kind of incubator, which holds on to investments while they are in the design or technical research stage before spinning them out separately when they have reached a critical mass.[4] In terms of engineering, he places a strong emphasis on the design stage: "If you make a mistake at the design stage, that's very difficult to repair. If you make a mistake at the construction page, it's easier to repair [...] it's very important to find the right technology solution."[13]

## Wealth

In the Forbes global ranking of "Billionaires of the World" in 2010 Nesis took 721st place, in 2012 — 367th place, in 2013 — 412th place.[14]

In 2020 he took the 50th place in the list of the 200 richest businessmen in Russia (according to Forbes).[15]

As of August 2022, *[Forbes](/source/Forbes_Magazine)* put Nesis's personal wealth at approximately $1.9 billion, putting him at No.50 in its list of billionaires in Russia.[16]

## References

1. **[^](#cite_ref-Job_1-0)** ["Alexander Nesis"](https://web.archive.org/web/20120402170618/http://www.orielresources.com/nonexecutive_209.asp). Oriel Resources Ltd. Archived from [the original](http://www.orielresources.com/nonexecutive_209.asp) on 2012-04-02. Retrieved 2012-05-08.

1. **[^](#cite_ref-Baltic_2-0)** ["Baltiysky Zavod"](https://web.archive.org/web/20120510181548/http://www.bz.ru/en/about.html). Baltiysky Zavod Joint Stock Company. Archived from [the original](http://www.bz.ru/en/about.html) on 2012-05-10. Retrieved 2012-05-08.

1. **[^](#cite_ref-Forbes_Russians_3-0)** ["Russia's 100 Richest 2004"](https://web.archive.org/web/20110628234559/http://www.forbes.com/finance/lists/75/2004/LIR.jhtml?passListId=75&passYear=2004&passListType=Person&uniqueId=SN3U&datatype=Person). *Forbes*. 2004. Archived from [the original](https://www.forbes.com/finance/lists/75/2004/LIR.jhtml?passListId=75&passYear=2004&passListType=Person&uniqueId=SN3U&datatype=Person) on June 28, 2011. Retrieved 2012-05-08.

1. ^ [***a***](#cite_ref-The_Telegraph_4-0) [***b***](#cite_ref-The_Telegraph_4-1) [***c***](#cite_ref-The_Telegraph_4-2) [***d***](#cite_ref-The_Telegraph_4-3) ["Billionaire Alexander Nesis reveals why Polymetal is listing in London"](https://www.telegraph.co.uk/finance/newsbysector/industry/mining/8612140/Billionaire-Alexander-Nesis-reveals-why-Polymetal-is-listing-in-London.html). The Daily Telegraph. 2011-07-03. Retrieved 2012-05-08.

1. **[^](#cite_ref-Forbes_2010_5-0)** ["Forbes - The World's Billionaires"](https://www.forbes.com/lists/2010/10/billionaires-2010_Alexander-Nesis_SN3U.html). *[Forbes](/source/Forbes)*. 2010-03-03. Retrieved 2012-05-08.

1. **[^](#cite_ref-6)** ["Oleg Shulykov's Interview"](https://www.vedomosti.ru/newspaper/articles/2005/08/29/intervyu-oleg-shulyakovskij-byvshij-gendirektor-baltijskogo-zavoda). *Vedomosti*. 29 Aug 2005.

1. **[^](#cite_ref-7)** [https://www.dp.ru/a/1997/10/27/Baltijskij_zavod_uplivaet](https://www.dp.ru/a/1997/10/27/Baltijskij_zavod_uplivaet) | DP.RU | 27 Oct 1997

1. **[^](#cite_ref-8)** ["Petersburg investors go to the East"](https://www.dp.ru/a/2000/10/23/Peterburgskie_investori_i). DP.RU. 23 Oct 2000.

1. **[^](#cite_ref-9)** ["Shareholder Structure Update"](https://www.polymetalinternational.com/en/investors-and-media/news/press-releases/09-03-2022-b/). *www.polymetalinternational.com*. Retrieved 2023-03-03.

1. **[^](#cite_ref-10)** McEvoy, Jemima. ["Why Israel Became A Safe Haven For Russian Billionaires"](https://www.forbes.com/sites/jemimamcevoy/2022/04/28/why-israel-became-a-safe-haven-for-russian-billionaires/). *Forbes*. Retrieved 2023-03-03.

1. **[^](#cite_ref-RBC_Daily_11-0)** ["RBC Daily"](http://www.rbcdaily.ru/2011/04/20/industry/562949980108028). RBC Website. Retrieved 2012-05-08.

1. **[^](#cite_ref-12)** ["ICT Holding Ltd. Shareholders"](https://web.archive.org/web/20230406173433/http://www.ict-holding.com.cy/shareholders/). Archived from [the original](http://www.ict-holding.com.cy/shareholders/) on 2023-04-06. Retrieved 2022-04-05.

1. **[^](#cite_ref-Metal_Bulletin_13-0)** ["The unassuming billionaire: MB meets Polymetal founder Alexander Nesis"](http://www.metalbulletin.com/Article/2868075/The-unassuming-billionaire-MB-meets-Polymetal-founder-Alexander-Nesis.html). Metal Bulletin. 2011-07-20. Retrieved 2012-05-08.

1. **[^](#cite_ref-14)** ["#721 Alexander Nesis - Forbes.com"](https://web.archive.org/web/20170322122908/https://www.forbes.com/lists/2010/10/billionaires-2010_Alexander-Nesis_SN3U.html). *[Forbes](/source/Forbes)*. 2017-03-22. Archived from [the original](https://www.forbes.com/lists/2010/10/billionaires-2010_Alexander-Nesis_SN3U.html) on 2017-03-22. Retrieved 2024-05-20.

1. **[^](#cite_ref-15)** ["Александр Несис"](https://www.forbes.ru/profile/aleksandr-nesis). *Forbes.ru* (in Russian). Retrieved 2024-05-20.

1. **[^](#cite_ref-Forbes_2012_16-0)** ["Forbes - Alexander Nesis Profile"](https://www.forbes.com/profile/alexander-nesis/?sh=41d609644ac5). *[Forbes](/source/Forbes)*. 2022. Retrieved 30 August 2022.

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