Founder, Wermuth Asset Management GmbH
Jochen Wermuth is the Founder of the four Greater Europe Funds, which together have some $500 mln AUM and a track record of over 10 years focusing on the Russian market. The funds invest in equity, debt, private equity, venture capital and real estate development, relying on Wermuth Asset Management’s 25-strong team, who seek to add value through research of new opportunities, friendly activism, support to management, financial optimization, leveraging global networks and know-how.
In 1997-98, Mr Wermuth was a member of the management committee which founded Deutsche Bank Russia. In 1993-97, financed by the EU and the World Bank, he co-founded and headed the Economic Expert Group at the Russian Finance Ministry. It was known for its frank analyses, one of which was a 1997 memo to the government where he forecast the imminent default on domestic debt (GKOs) unless policies were drastically changed.
Mr Wermuth received a Master’s degree in Economics and a Bachelor’s degree in Economics and Mathematics, awarded with honors, from Brown University in 1992. He passed his qualifying exams for a Doctorate in Economics at Oxford University. He studied incentive theory with a focus on fighting corruption.