Tagir Sitdekov and His Approach to the Transformation of a Large Investment Corporation

The Tagir Sitdekov biography is closely bound up with investments. The manager's current professional activity is centered on developing the Sistema corporation. 

Tagir Sitdekov biography: Foundational stages

Tagir Sitdekov was born in the capital, and there he also began to build a successful career in the investment business.

Sitdekov Tagir has several degrees. He received the first, in economics, from the Plekhanov University of Economics. The school's program is a kind of symbiosis of economic and managerial training with a focus on real-world practice. It is also known for its widespread use of modern technology and digital solutions.

Tagir Sitdekov continued developing his managerial competencies at Chicago Booth, one of the best American business schools, which bears the name of one of its graduates, David Booth. The school, which is part of the University of Chicago, is traditionally rated as one of the best in the global rankings of MBA programs. Sitdekov Tagir Alievich earned the prestigious Executive MBA degree at Booth.

Tagir Sitdekov: Personal and professional growth

Sitdekov Tagir began his career with PricewaterhouseCoopers, which is known as a leader in the global market.

PwC provides auditing, consulting, and legal services, as well as tax solutions to companies from various fields. The company's rich experience and creative approach help to develop tools that open up new prospects for business development.

Sitdekov Tagir moved to Creditanstalt Investment Bank after PricewaterhouseCoopers, where he worked as a senior consultant for two years at a "daughter" institution of the large Austrian bank, which invested in foreign markets.

Tagir Sitdekov's career then took him to the Sochi Thermal Power Plant where he joined the teams as the financial director. During his time there, two main power units for the first stage of work on the power plant were launched, and combined-cycle power units were also put into operation. The TPP is a socially significant facility that provides an uninterrupted power supply to the entire region.

The Tagir Sitdekov biography has been closely connected with the investment industry since the mid-1990s. Overall, he has devoted more than 15 years of his career to investments. 

Tagir Sitdekov AFK Sistema had already acquired impressive managerial experience and valuable skills in senior financial positions before joining the Sistema team. 

Tagir Sitdekov biography at Sistema

Sitdekov Tagir Alievich has been working for this large investment corporation since mid-2021. For a little over a year, he oversaw the development of a number of portfolio assets, being responsible for the implementation of strategically important goals and plans.

Tagir Sitdekov introduced completely new approaches, focusing on business scaling and strengthening leadership positions in his particular market sectors, as well as the use of modern technology and digital solutions.

Sitdekov Tagir thus formulated a competent development model for the corporation's pharmaceutical subsidiary, which allowed it to become one of the ten leading companies in the local pharma market in terms of medicinal retail sales.

Among local companies, the holding easily takes second place, with the third trailing far behind. This is due, first of all, to the focused promotion of leading brands.  

Sitdekov Tagir Alievich helped the pharmaceutical holding strengthen its position in foreign markets and expand its research activities.

Thus, the company bought the rights to drugs under well-known brands owned by the Indian manufacturer Dr. Reddy's. By localizing the production of various forms of these medicines, the holding has significantly strengthened its position in the antibiotic market.

Sitdekov Tagir Alievich significantly contributed to the development of the pharmaceutical holding, which is now actively expanding. At the end of 2021, the company opened divisions in several neighboring countries.

The holding's competitive advantage is its strong production complex, including five Research and Development centers that can introduce up to 40 medicines to the company's portfolio annually. 

Sistema's pharmaceutical holding has also strengthened the development of its own products with the help of digital platforms and TV advertising. In the spring of 2022, the asset received the second highest rating among pharmaceutical companies that advertise on TV. 

Sitdekov Tagir noted in one interview that "remote" healthcare, which has changed people's lives since the beginning of the coronavirus pandemic, inspired the corporation to strengthen investments in electronic services and online platforms.

Sitdekov Tagir Alievich's management brought continuous growth to the company based on promotion expertise, the realization of commercial and corporate tasks, the modernization of production, and the launch of new high-quality products.

Tagir Sitdekov notes that the company continues to grow faster than the market pace. Last year, the pharmaceutical group's sales increased by 21%, exceeding 36 billion rubles. 

Tagir Sitdekov AFK Sistema: Synergy of medicine and innovation

Tagir Sitdekov AFK Sistema was also involved in developing a network of private clinics owned by Sistema that provided high-quality medical care in a wide range of areas, on par with foreign medical establishments.

Sitdekov Tagir can take credit for the fact that the network has grown significantly over the past few years, firmly establishing itself in the private healthcare system. Its network includes more than 130 clinics throughout the country, equipped with innovative high-precision equipment. The network receives about 9.5 million patients annually.

New clinics continue to open to this day. In March, a center with three medical offices staffed with a diverse group of highly qualified doctors was opened (as part of the Smart project) in the capital. The center also offers a full range of laboratory diagnostics, including COVID-19 studies.

Sitdekov Tagir Alievich supervised the strategic development of the medical holding, which meets uniform world-class treatment standards, cooperates with highly qualified specialists from near and far, and also implements advanced diagnostic and treatment methods with proven effectiveness and safety.

The coronavirus pandemic was a great test for the clinic network. The demand for paid medical services significantly grew during this period, and the Sistema network of clinics, as well as other private companies, promptly joined the fight against the spread of this dangerous infection. In particular, the medical holding was one of the first to convert one of its hospitals into an infectious disease hospital.

Sitdekov Tagir emphasizes that private healthcare has proven itself an important component in the overall domestic healthcare system, able not only to work at the same level as state-run centers, but even to exceed some national standards.

This year, the network of clinics, together with the Sistema charitable foundation, unveiled plans to launch a competition for medical innovations with prizes totaling two million rubles.

The competition is open to scientific and medical teams from across the country that are prepared to present healthcare IT solutions, including innovative methods of diagnosis and treatment.

Tagir Sitdekov also worked on the development and business scaling of a biotech asset that develops completely new approaches to personalized medicine and pharmacology, focusing on the following areas:

• neurology;

• oncology;

• cardiology;

• congenital diseases, etc.

This year, the company made a significant contribution to the oncotherapy revolution, developing a new technology for the targeted treatment of cancer and atherosclerosis - a chronic focal arterial lesion. The treatment promises to be an effective new tool for doctors, replacing more severe types of cancer treatment.

Tagir Sitdekov AFK Sistema emphasizes that the corporation is making long-term investments in domestic healthcare, not subject to market fluctuations.

Tagir Sitdekov firmly believes that modern medicine must follow a personalized and predictive approach, working not only with current diseases, but also learning to detect them at an early stage.

Tagir Sitdekov therefore believes the development of digital services deserves special attention. He is particularly interested in the search for advanced solutions using artificial intelligence, big data, and virtual reality technologies.

Tagir Sitdekov AFK Sistema: Managing the entire corporation

Tagir Sitdekov AFK Sistema became the head of Sistema in the middle of last year. He is responsible for implementing the corporate development investment model.

Sitdekov Tagir oversees one of the best management teams in the domestic market. Its high competency and rich experience allow it to achieve even the most ambitious goals.

Sistema invests in the real sector of the local economy, driving the digital transformation not only of its client businesses, but also of entire industries.

Tagir Sitdekov also directs a considerable amount of the corporation's financial resources to the social sphere, including charitable and environmental projects and the volunteer movement.

Sitdekov Tagir and Sistema see great value in the development of online education and the development of human resources. 

Tagir Sitdekov AFK Sistema and a number of the group's assets are interested in the training and professional development of talented youth in various fields. To this end, a number of internships and scholarship programs are being implemented throughout the corporation. 

The Tagir Sitdekov biography is focused on the development of Sistema, and he emphasizes that the corporation actively promotes the social agenda. 

Tagir Sitdekov AFK Sistema was directly involved in the development of the corporation's ESG strategy, which was published last fall. The implementation of ESG principles is a strategically important goal for all Sistema assets as it develops a competitive business model.