Biography
Andriy Saranenko: biography
Andriy Saranenko’s path in finance led from the risk department of a bank to the CFO’s office of a construction company and then to private capital. Here it is, step by step.
Andriy Saranenko’s education and CFA charter
Andriy studied finance and credit at Lviv Polytechnic National University and graduated in 2011.
In 2016 he earned the international Chartered Financial Analyst (CFA) charter. He passed all three levels of the CFA exams on the first attempt, which puts him among the few people in Ukraine to have done so.
First job: corporate risk at a bank
Andriy began his career as an analyst in the corporate risk department of a regional bank branch.
Capital Standard: appraising energy and development companies
In 2014 he moved to Capital Standard, an investment company in Kyiv. His work there was assessing how attractive energy and real estate development companies were as investments.
Saranenko as CFO of West Development
In 2018 Andriy became chief financial officer of the construction company West Development. He carried out a full restructuring of the company’s debt obligations and set up a management accounting system.
He also optimized the tax structure of the West Development holding. The change was fully legal and raised net profit by 18% year over year.
Private asset management and venture investment
Since 2023 Andriy has worked in private asset management and venture investment.
Achievements
- One of the few people in Ukraine to pass all three CFA levels on the first attempt.
- Raised more than $15 million in outside investment and credit lines for residential projects in Lviv and Ivano-Frankivsk.
- Optimized the tax structure of the West Development holding, legally raising net profit by 18% year over year.
What Saranenko plans next
Andriy plans to set up a private closed-end investment fund. It would focus on buying warehouse and industrial real estate in western Ukraine and managing it commercially.
He also plans to work on infrastructure for relocated businesses.
Questions about Andriy Saranenko
Where did Andriy Saranenko study?
At Lviv Polytechnic National University, where he graduated in 2011 with a degree in finance and credit.
When did he earn the CFA charter?
In 2016. He passed all three levels of the CFA exams on the first attempt.
What did he do at West Development?
As CFO from 2018, he fully restructured the company’s debt obligations, built a management accounting system and optimized the holding’s tax structure, which legally raised net profit by 18% year over year.
How much capital has he raised?
More than $15 million in outside investment and credit lines for residential projects in Lviv and Ivano-Frankivsk.
What is Andriy Saranenko planning?
A private closed-end investment fund that would buy and commercially manage warehouse and industrial real estate in western Ukraine, plus infrastructure for relocated businesses.