Business news from Ukraine

Capital Times owners decide to split their business

1 January , 2021  

The owners of the Capital Times investment company with offices in Ukraine and Belarus, Sergey Goncharevich and Eric Nayman, divided their business into B2B and B2C, keeping the Capital Times brand for Goncharevich’s B2B, Nayman said.

“My longtime partner Sergey Goncharevich and I decided to split Capital Times into two parts. (…) The combination of two completely different business models under one Capital Times brand no longer made economic sense. The Capital Times brand remained with my previous partner Sergey Goncharevich,” he wrote in his YouTube address.

Nayman indicated that he would be engaged in wealth management and B2C in general under the Hugs brand.

According to him, Goncharevich, in turn, will continue to work in the direction of B2B and in the field of corporate finance, he will help companies in finding financial resources, and owners – to buy or sell a business.

Capital Times was founded in 2006 and specializes in investment consulting and wealth management. The main offices of the company are located in Kyiv and Minsk. The managing partners of the company are Erik Nayman, a member of the Council for Economic Development under the government of Ukraine, and Sergey Goncharevich.

HUG’s company specializes in investment consulting. It has over 300 active accounts with Interactive Brockers, over UAH 400 million under management and conducts over 150 transactions daily.

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