Ivliyev Sergey

Ivliyev Sergey

Sergey Ivliyev is Candidate of Economic Sciences, the assistant manager department of information systems and mathematical methods in economy of PGNIU, the author more than 50 scientific articles and 3 books on risk management and financial modeling.

In Forecast as the deputy CEO Sergey directed development of solutions for financial institutions and financial markets and also was responsible for the organization of scientific activity and interaction with educational institutions. Is a curator and the ideologist of an annual international seminar on financial risks of Perm Winter School and also stress testing seminars and assessment of credit risk.

In March, 2015 Sergey Ivliyev was appointed the area director of PRMIA (Professional Risk Managers’ International Association) in Russia. It is the non-profit organization including more than 90,000 members which purpose is determination and implementation of the best practices of the organization of risk management. PRMIA is engaged in training and certification of professionals in the field of risk management.

In Forecast Sergey Ivliyev worked 19 years, generally at the leading, well paid positions. Everything was inverted by a meeting at a conference in Canada with Richard Olsen, one of pioneers of a fintekh.

Olsen is the founder of Oanda company which offered completely automated trade on Forex, having implemented the FxTrade platform. Ivliyev is a specialist on risk management. It actively pursues science.

In December, 2015 Ivliyev, having become the cofounder of Lykke, left Forecast. Now it with a command works on creating "the murderer of banks" – so some call blockchain technology. The cryptoexchange - marketplace based on a blockchain should become the first result of development.

If last year I was told that I will leave Forecast and I will plunge into financial that, I simply would not believe. Then it looked for me as other planet: blockchain, "color coins", "smart contracts" … But at some point you just feel that it is time to change something

In Forecast there were many calls, the company grew every year and achieved much, Ivliyev remembers. But then it became clear that perspectives of an entry into other markets are not browsed.

And here the blockchain appeared. Perhaps, it time in life happens – there are some opportunities which you begin to notice. And if really something excites you, so it is necessary to be engaged in it. Otherwise everything turns into a routine, and the routine kills creativity and gives senselessness

In the small company, of course, there are much more risks. But that freedom which appears to be implemented, much more valuably. It covers all risks, Ivliyev considers.

In a startup the routine can also strongly reduce a fuse. As the startup you is forced to be engaged in many things in which was not engaged before. For example, travelers itself should write out. But quickly you get used to it and if the company grows up, then it is possible to delegate these functions, to automate something. If you do all this, then you will waste a lot of time

In a startup there is more responsibility for a financial result. But it is compensated by the fact that you are a co-owner, the founder of Lykke says – "you realize responsibility not only to someone, and to yourself. Perhaps, once again you will have a sleep less, but you will make something that promised".

The working schedule after dismissal from Forecast at Ivliyev became more free. Though on a number of hours did not decrease.

It is necessary to try to work less, but is more effective, - he notes. - If you correctly work – you work a little, you have time for creativity, for strategic things. And at workaholics the stock of forces, health, etc. is very quickly lost.

In Forecast under the leadership of Ivliyev the team of 184 people worked, in Lykke – there is nobody: "Such system: there is a common goal to which we run, and we distribute who that does. Unlike big hierarchical organizations where nobody does anything, and everyone just controls that does subordinate, we have a peer-to-peer structure".

Even CEO Lykke manages nobody. It says: "We want to reach this". All think how, and everyone takes the responsibility for some part of works. Further SEO is not necessary that to make it. And all works without daily reporting, Ivliyev describes.

To hierarchical structures where everything is built and it is controlled, it is very difficult to adapt when everything quickly changes. The small company – is very mobile

Handshaking in Lykke is chats, phones, mail. Communication happens constantly.

I always understand who what does where we do not cope in what a distortion why. We constantly monitor it, but at the same time it is not necessary to have hierarchy and all to sit at office. All our employees sit in the different countries. For example, we still did not see one colleague from the Crimea personally. Perhaps, time in half a year all of us are going to communicate. It is useful, there is some "chemistry" which allows to communicate then better

Lykke prefers not to employ people according to the summary, considering that it does not work. Take those to whom the company is interesting. A competition is for this purpose held. It allows to eliminate those who are not carried away by a subject.

The one to whom it is interesting can make 100 times faster and better, than that whom you employed, but is uninteresting to it

Ivliyev's income after transition to Lykke was not reduced. For what salary would agree to pass into corporation? The price question at some point does not become important any more, he says.

It is much more important what you will do, and it depends on the fact that it is interesting to you. If it dreams, so interestingly. Yes, I constantly dream a blockchain, bitcoins! Nothing useful happens, but dreams. And Forecast does not dream

At the same time, the entrepreneur recognizes the startup does not get profit yet and if it is not possible to make business, all this will quickly end. According to the plan, should reach payback of Lykke in 2017, Sergey Ivliyev in October, 2016 said.