|Alma mater||Moscow Aviation University, Presidential Academy of National Economy and Public Administration|
Oleg Viktorovich Boyko (Russian: Олег Викторович Бойко; b. 28 September 1964, Moscow) is an international investor and Chairman of Finstar Financial Group, a diversified private equity firm founded in 1996. Finstar manages and consults portfolio companies and assets worldwide. Assets under Finstar management exceed $2 billion. Oleg Boyko's interests span Europe, the US, Asia and Latin America and he currently occupies the 1561st spot on the World's Billionaires list, with a personal wealth estimated at $1.4 billion.
Oleg Boyko was born in Moscow in 1964 and educated at the Moscow Aviation Institution beginning in 1981, where he specialised in radio electronics. Boyko subsequently gained a Master of Business Administration from the Russian Presidential Academy of National Economy and Public Administration. He worked at the Lomonosov Moscow State University between 1982 and 1986.
International serial investor Oleg Boyko has a diverse portfolio having successfully invested in multiple industries including financial services, banks, IT, retail, real estate, entertainment and steel.
From a young age, Boyko was interested in the financial sector and he began his career in the IT and finance sectors whilst he was a student. He is credited for introducing the first stores with credit card readers into Moscow in the 1990s.
In 1990, he established National Credit Bank (Russian: AКБ "Национальный кредит") and served as its director until Boris Fedorov (Russian: Борис Федоров), who replaced Shamil Tarpishchev as the head of the National Sports Fund (NSF) (Russian: Национальный фонд спорта (НФС)),[a] took over the bank in autumn 1995 and was in charge of it until May 1996 before the collapse of the bank in September to November 1996.
In 1996, Boyko and a select team of professional executives formed Finstar Financial Group as an investment vehicle and management company in order to identify, invest in, and actively manage businesses on behalf of Boyko and other private investors.
As Finstar's Chairman, international investor Oleg Boyko has now directed Finstar to focus mainly on digital financial services and fintech industries. Among its non-core businesses, Finstar maintains a presence in real estate, entertainment and FMCG retail.
In 1999, Boyko was a joint investor in EvrazHolding alongside Alexander Abramov, combining three steel mills and thereby creating one of the world's largest vertically-integrated steel producers as a result. In 2004, Boyko sold his 25% stake in EvrazHolding for approximately $600 to $700 million prior to its listing on the London Stock Exchange.
In 2002, Boyko founded Ritzio Entertainment Group, investing in casinos and gaming, a business that expanded across Russia before going internationally. The Russian business halted abruptly when Vladimir Putin banned gambling in 2009. In 2010, Boyko became an investor in lottery businesses in Russia and Ukraine, including the national lottery to support the Sochi 2014 Winter Olympic Games. He has subsequently disposed of all his lottery interests.
In 2003, Finstar purchased a controlling stake in a Latvian commercial bank, Baltic Trust Bank. By 2006, Baltic Trust Bank was ranked 13th amongst Latvia's 24 banks in terms of assets and had one of the largest branch networks, with 74 branches across Latvia. In 2006, Finstar sold its 79% stake to GE Capital, the banking and finance arm of General Electric.
Also in 2006, under Boyko, Finstar acquired 75% of Rive Gauche. At the time it was a local business, with stores mainly in Saint Petersburg; but under Boyko, Rive Gauche grew to become Russia's second largest cosmetics and perfumery chain. In 2012, Boyko sold 51% of his stake to a consortium of investors but continues to hold 24% of the business.
In 2011, he obtained the Riga, Latvia based 4Finance, a structure through which he has relationships with both the Fort Belknap and Chippewa (Lac du Flambeau) native Americans located in Montana and Wisconsin respectively.
Boyko was involved in film production and served as a co-producer on Frank Miller’s Sin City: A Dame to Kill For in 2014, and is a co-producer in Scarlett Johansson’s forthcoming directorial debut for the film Summer Crossing, which is based on a Truman Capote novel.
According to Boyko, the fintech industry  is “the biggest blue ocean” in the business world, with products and services designed for individuals who don't have access to traditional financial services and those who are underserved by mainstream banks.
Boyko, therefore, continues to expand and strengthen his activities in technology-based, data-driven transformational financial services platforms and business alternatives to the conventional banking sector. Boyko is determined to take advantage of changes in global consumer behaviour, advances in technology and data science, and harness the growing power and availability of mobile devices, in order to offer an alternative banking option to those consumers who don't have access to traditional financial services and banks. Alternative financial services have been the first to respond to these customers` needs.
Finstar's investment portfolio includes, among others, Spotcap, an online lending platform for SMEs, Prestamos Prima, an online consumer financial services provider, and Viventor, a peer-to-peer lending platform.
In 2017 Oleg Boyko announced his intention to invest $150 million into fintech businesses and in-house R&D within portfolio companies. The first phase of a global fintech investment plan is already under way with a commitment to invest up to $50 million in Asia-Pacific`s consumer lending.
Boyko founded the Parasport foundation in 2006, during the Paralympic Winter Games in Turin. The Foundation offers funding for Paralympic athletes to train and attend competitions and obtain physical and mental health care, and promotes equality for people with disabilities. Recently the Foundation became the official partner of the Russian Paralympic Committee, and has established a presence in Asia. In 2016, Boyko co-hosted its 10th anniversary celebration with an event in Moscow, attended by Paralympic Committee representatives from 25 countries. Since 2006 Boyko has also been the Head of the Paralympic Movement Development Committee of the Russian Paralympic Committee. He was appointed to the International Wheelchair & Amputee Sports Federation (IWAS) Development Committee as a member in October 2015 following the successful funding by Parasport of the 2015 IWAS Games in Sochi.
In 2020, during the COVID-19 pandemic, Oleg Boyko, through his Parasport Foundation, delivered targeted assistance to over 2,000 para-athletes representing 28 different sports across 35 regions of Russia. Same year, Oleg Boyko was among the invited attendees of the annual 2020 Forbes 400 Summit on Philanthropy.
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Obtained from the (security branch) database of the SB Group Most.
- "Бойко входил в состав группы "кидал", которые промышляли в районе валютных магазинов "Березка". Когда-то имя Олега Бойко не сходило с газетных полос - в рубриках "светская хроника" восторгались его экстравагантными выходками и костюмами, а в рубриках "криминал" - на толстые криминальные обстоятельства его бурной деятельности. Теперь Бойко старается тихо-тихо заниматься торговлей цветными металлами" [Boyko was a member of the "scam" group, which traded in the area of currency stores "Berezka". Once the name of Oleg Boyko did not leave the newspaper pages - in the headings "gossip" they admired his extravagant antics and costumes, and in the headings "crime" - at the thick criminal circumstances of his violent activities. Now Boyko is trying to quietly trade in non-ferrous metals]. Free Lance Bureau (FLB) (in Russian). 7 December 1992. Archived from the original on 2 January 2005. Retrieved 9 March 2021.
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