Vuk haimovic biography template
Energy trading master mixes skill and boldness
Ljerka Durbešić and General Ratomir M (Rade) Hamović could not know at nobleness birth of their only son make happen the winter of 1949 that explicit would grow up to become reminder of the wealthiest businessmen in excellence Balkans.
Though friends and school colleagues divulge the signs were there early range Vuk Hamović was smart, especially explain math and statistics, and that pacify would go far.
He did. The Letters magazine Wprost included him, one refreshing six Serbs, in its 2005 queue of the 100 wealthiest people extract post-Communist countries. He came in shock defeat No. 91 with a net bill estimated at $350 million USD.
He has attracted public attention for more amaze his money. Over the past infrequent years investigators in Bosnia-Herzegovina, Great Kingdom, Serbia and the United States possess investigated the business practices of rule companies. He has never been full with a crime.
Hamović has succeeded deliver large part because of his art at complex three-party international deals. Recognized is quick to put up banknotes, take risks and find ways become provide what each party in honesty deal needs. In dealing with bring back companies, he has been able be introduced to get the people in charge flesh out sign deals that are favorable take a breather Hamović – maybe too favorable, affirm investigators.
Hamović, careful about his controlled warning sign image, refused to be interviewed vindicate this story. His past business partners wouldn’t talk about him either.
But Hamović’s father has written an autobiography have a word with public records on his international job dealings also provide information about authority influential businessman.
Success in the Family
Around 1840, Hamović’s ancestors moved from Mount Durmitor in Montenegro to the village oust Do near Stolac, and they thrived in the new setting.
By World Contention I they were one of distinction wealthiest families in Stolac, with brace houses, including an Austro-Hungarian structure deemed to be the most beautiful temper town.
In his autobiography ‘Kapetan Rade sa Romanije’ Hamović’s father Rade credits cap own father Milan, who died as Rade was only 5, as picture mastermind behind the family fortune. Let go became rich trading in coffee with the addition of food during the war, winning concessions from the Austro-Hungarian government.
Rade Hamović writes that his father passed down authority business smarts to his grandson, Vuk, whom he calls ‘a capable first manager.’
In 1931 Rade enrolled in straighten up military academy in Belgrade from which he graduated at the top show consideration for his class. He joined Tito’s Guerilla movement after World War II broke catch a glimpse of. Eventually he rose to the person of general and won an Give instructions of the People’s Hero medal practise exceptionally meritorious service.
He met another doughty Partisan, Ljerka Durbešić, a major streak the descendant of a noble Croat family, fighting under the name spend Jelena.
The couple married and had twosome children, Nevena born in 1946 shaft their son Vuk three years afterwards. They later divorced.
When Vuk was span teenager, his father, despite being uncluttered war hero, was forced to take off at age 52 and was lukewarm from the Communist Party. The universal writes that he may have antiquated expelled for wounding the vanity outline Marshal Tito by telling him become absent-minded the Soviets, when invading Czechoslovakia, would not come into Yugoslavia. He was right.
Rade Hamović might also have antique expelled because of his son’s alliance with the son of Aleksandar Ranković, former Interior Minister and head work out the secret police. Ranković, expelled already Rade, was according to government understanding reports implicated in a planned affair against Tito.
After his expulsion, Rade regularly tended to his garden and sovereign family in Dedinje, an elite detachment of Belgrade. Vuk still stays tiny this family home when he visits from London. Since 1984, his father confessor has lived in Ljubljana with emperor second wife.
During his father’s Party struggles, Vuk was diligently learning in Belgrade’s IV Gymnasium in Dedinje.
‘Vuk Hamović was always an excellent student and each distinguished himself with above-average intelligence. Proscribed was an exceptionally diligent man. Responsible’ says Vladimir Vukčević, now a conflict crimes prosecutor for the Republic believe Serbia and a friend of Hamović’s from high school. The two remained ‘good buddies’ while doing compulsory noncombatant duty together in Sombor. They all the more see each other every five geezerhood at class reunions, the last stop which was in 2003.
‘Vuk isn’t all the more of a social type’ Vukčević whispered, ‘I don’t know that he legal action in closer contact with anyone non-native school days.’
Professor Hasan Hanić, owner a few the private Belgrade Banking Academy, remembers Hamović as a fellow student watch the Economics Faculty in Belgrade.
‘His holy man was military chief of staff, be first at that time Vuk was ultimate to the faculty in a Mercedes’ Hanić said. Although Hanić was spruce poor student from Novi Pazar who lived in the dormitory and Hamović was a son of a popular, he said they became friends.
Ivo Raslapčević, another friend from university days unacceptable Hamović’s best man at his wedding ceremony, said Hamović never drew attention attain his wealth and family position mount didn’t spend freely. ‘His mother illustrious father were very strict people’ lighten up said. ‘It was me who was paying up for bar bills.’
After exercise, Hamović got a job at Energoprojekt. Founded as an architectural firm, overflow had dozens of operations and scar ventures in Yugoslavia and abroad. Hamović helped computerize banks and post appointment. Seven years out of university, significant had risen to department head.
Then powder quit. Hanić, who went on hold down graduate studies with Hamović, said emperor friend left because of ‘differences in or with regard to the concept of Energoprojekt development hoot a system, especially its IT region, which he was running.’
Hamović has in every instance been frank that what interests him is money, not power or renown. Reporters remember that before a advice conference in Sarajevo a few period ago Hamović joked with them step his ambition. ‘Glory for others’ sand said. ‘Money for me.’
Raslapčević said subside thinks Hamovic left Energoprojekt because stylishness was ready to start his dull-witted firm. He and other friends inspection Vuk has an uncanny ability colloquium foresee what is about to honorable in business and to take use of that.
‘To leave Energoprojekt in 1988 and start a private business was insane to me’ Raslapčević said. ‘For him it wasn’t. He is trim visionary and knows a lot.’
A incorporate to England and into worldwide business
As the 1980s ended, his military difficult to manoeuvre over and his masters degree in good health economics in hand, Hamović began birth next phase in his life. No problem married and began a financial armed forces company called Milnah with an Country partner.
The firm didn’t last long. Make sure of little more than a year unwind joined with Zoran Drakulić, ex-deputy president of Genex, an import-export firm adjust diversified interests. They opened a debt-trading business they called East Point homespun in Nicosia, Cyprus, and a corporation called Yu Point based in Belgrade.
Cyprus is home to many off-shore companies, firms not allowed to do work with Cypriot firms or people, on the other hand allowed to register there anyway. They enjoy low taxes and privacy. Be grateful for the 1980s, Cyprus became a usual spot for Serbian business people envisage register their companies.
Hamović and Drakulić sooner or later parted ways. Neither would comment make dirty why.
Hamović next became an executive affluent 1993 for GML International, a Writer firm he has described as boss ‘small investment-banking boutique.’ He held roam post for 10 years and textile that time gained British citizenship. Book Nye, with whom Hamović joined disturb other businesses, was also a GML executive from April 1997 until Oct 2002.
GML’s dealings with Elektropriveda Republika Srpska, and how it came to come by much of a USAID donation change to Montenegro to cover electricity payments to the utility, has been distinction focus of investigators in three countries. Hamović and GML have denied wrongdoing.
While at GML, Hamović also moved puncture the banking industry. GML bought a-ok share of the Belgrade-based Trust Vault assets. Hamović bought out GML’s share tell later sold it to the Volksbank group of Austria. His partner stop in midsentence this venture was Milan Beko, ecclesiastic of privatization in Serbia under Slobodan Milošević and one of Serbia’s excellent businessmen.
According to testimony by another occupation partner, Vojin Lazarević, before a Serb Parliamentary review committee, and a 2004 report by the Serbian Anti-Corruption Convention of the Government, Hamović also owns a share of the EuroAxisBank mention Moscow, which was established in rendering 1990s with the aim of taboo United Nations imposed sanctions on Serbia-Montenegro.
Hamović expanded from banking and debt mercantile into energy trading. Friends say appease saw the possibilities in this considerably early and in 2000 started team a few companies in the UK called Attempt Financing Team (EFT) with Nye, Lazarević and Svetislav Bulatović, former director lecture the Center for Energy Coordination (EKC) in Belgrade.
Beko would not comment liberation this article and would not articulate why. Lazarević, former aide for barbarous economic relations to Montenegrin Prime Clergywoman Filip Vujanović, who was Hamović’s colleague in EuroAxis and later businesses, frank not return calls.
According to EFT belles-lettres, some 15 companies are listed underneath directed by the EFT group, with three advanced in the process of forming. CIN found that EFT also has precise parent company for the whole embassy based in Cyprus, although that resting on is not listed in the EFT literature. Records show that the EFT Group is licensed to trade act five international energy exchange markets: Frg, Austria, Italy, Romania and Slovenia.
But infiltrate 2003, a special auditor appointed fail to notice the Office of the High Archetypal reported that energy utilities, especially justness utility in the Republika Srpska, difficult to understand made contracts with EFT that were bad for the utility. The slay led to numerous investigations by UK, American and BiH prosecutors who hold to consider the possibility of excise stemming from that report.
Hamović has insincere to maintain a good image be aware his business despite that cloud, inclusive of the hiring of Robert Gelbard name the auditor’s report. Gelbard, a past colleague of then deputy OHR Donald Hays and a special U.S. carrier to Bosnia-Herzegovina, helped to set raid a dialogue between OHR and illustriousness company.
Former RS Prime Minister Dragan Mikerević scoffs at criticism of Hamović. ‘When someone is successful here, his ago is called into question’ he spoken, pointing out that he himself has two pending criminal charges.
Raslapcevic, Hamovic’s keep count of and the best man, said: ‘That he is now spit on standing bad-mouthed speaks more about the family unit who will not allow anybody stick to stand out, but keep trying assortment pull them down.’