CFA Investment Summit

Venture capital defined mostly as a type of funding for a new or growing business in Poland still is a term we get some distance on it and we seem to be a bit skeptical. The mindset may be defined by some experiences - comparing Polish VC activities to other countries such as United States, Asian markets or western European countries the history of Polish venture capital is short and the tradition of this type of investing is still young in our country.

Startup companies are constantly changing the atmosphere for business around the world. Each year, more startups look for funding sources to get through the first phase of opening a new business. Venture capital firms are the first places most startups look to for initial funding. That is why venture capital structure becomes more and more important year by year.

VC starts to be the most important trend in the investment industry now and we want to talk about this phenomenon from different perspectives in order to educate investors, fund managers and entrepreneurs looking for new types of funding. We believe that knowledge of VC could support the development of the economy based on innovation, new technologies and FinTech. Find out more about our last conference »

CFA Society Poland is honoured to announce that this year topic of its annual investment conference in Warsaw will be dedicated to venture capital issues. Thanks to the practitioners, VC experts, professionals representing investment industry and government representatives we will talk about the most important trends not only from global perspective but also from our Polish point of view. The conference will be targeted at investment professionals from the largest institutions in CEE (potential LPs), for whom VC asset class is still an untapped market.

The conference is free of charge. You can participate just by registering below.


Venue: MsMermaid. Conference Center at The Tides, 8 Wioślarska St., Warsaw
Date: November 20, 2018 r. 


9.30–10.00 Registration & morning coffee

10.00–10.10  Welcome Speech and Introduction

  • Prof. Krzysztof Jajuga, CFA Society Poland President

10.10–10.30 Speech: What would the world be like if there were no VC

  • Aleksander Mokrzycki, CFA, Board Member, PFR Ventures, CFA Society Poland Vicepresident

 10.30–11:10 Speech: Should Polish VC Market Be ashamed of in comparison to other countries? A review of current trends

  • Piotr Smoleń, CEO & Managing Partner, Data Ventures

11.10–11.30 Coffee Break


11.30–12.30 Panel Discussion: The perfect branches for Polish VC in this decade

  • Panel participants: Radosław Czyrko (Tar Heel Capital Pathfinder), Tomasz Swieboda (Inovo), Maciej Balsewicz (bValue Angels VC), Tomasz Danis (MCI)
  • Panel moderator: Przemysław Barankiewicz, CFA, Editor-in-Chief, Bankier.pl, CFA Society Poland Vicepresident

12.30–13.30 Dinner


13.30–14.30 Speech by Guest of Honour: Ethical Decision Making in the Investment Profession

  • Michael McMillan, CFA Institute 

14.30–15.10 Speech by Guest of Honour: Trends in Emerging Markets PE and VC

  • Jameel N. Anz, CFA, SME Investment Fund Director

15.10–16.00 Panel Discussion: System Barriers and regulatory support? Our country as a partner

  • Partner participants: Barbara Nowakowska (PSIK), Konrad Sitnik (EEC Ventures), Piotr Serwin (FintechTrends, Almondata), Małgorzata Walczak (PFR Ventures)
  • Panel moderator: Prof. Krzysztof Jajuga, CFA Society Poland President

16.00–16.10 Closing Remarks, prof. Krzysztof Jajuga, CFA Society Poland President


16.10–17.30 Cocktail

Experts you will meet
Michael McMillan, CFA, was director of Ethics and Professional Standards at CFA Institute, where he was responsible for creating, sourcing, and developing educational content for CFA Institute members and investment professionals in the area of ethics and professional standards. Previously, he was a professor of accounting and finance at Johns Hopkins University’s Carey School of Business and George Washington University’s School of Business. Prior to his career in academia, McMillan was a securities analyst and portfolio manager at Bailard, Biehl, and Kaiser and at Merus Capital Management. He is a certified public accountant (CPA) and a chartered investment counselor (CIC). McMillan holds a BA from the University of Pennsylvania, an MBA from Stanford University, and a PhD in accounting and finance from George Washington University.
President of CFA Society Poland, Professor of Economic Sciences at Wroclaw University of Economics (title given by the President of Poland in 1992), Head of Finance Management Institute. He is member in scientific and professional organizations: Member of Executive Board of Committee of Statistics and Econometrics of Polish Academy of Sciences, Member of Executive Board of Committee of Financial Sciences of Polish Academy of Sciences , Member of Executive Board of Committee of Economic Sciences of Polish Academy of Sciences. His research interests are: financial markets and instruments, risk management, corporate finance, real estate, insurance and quantitative methods (econometrics, statistics).He was a member of the Scientific Council of the National Bank of Poland and a member of the Supervisory Board of Warsaw Stock Exchange.
Tomasz Swieboda is a managing partner at Inovo VC, one of the most active VC funds in Poland. He is an investor and board member in Booksy, Brand24, Sotrender and other companies. Inovo VC is a growth fund (series A), that invests in companies that have a working proof of concept and proven channels to grow their business. Inovo invests in companies with global potential and helps them to get on a faster growth curve. Before joining Inovo VC Tomasz gained financial experience at Rothschild and Penta Investments (private equity fund with assets under management of €1.5bn). At Penta,Tomasz supervised portfolio companies in Poland, including Empik Media Fashion (valued at €200m+)."



Technology entrepreneur and investor focused on fintech industry. He is a Managing Partner and CEO of Data Ventures - big data/fintech specialised venture capital fund. In 2012 he co-founded and served for 5 years as CEO at Turbine Analytics - leading SaaS for capital market industry in CEE. Before he worked as an investment analyst in a public exchange listed private equity fund NFI Midas. Piotr Smoleń graduated from Warsaw School of Economics (Finance and Accounting) and Stanford Graduate School of Business (EPGC).
Managing Director of PSIK, the Polish Private Equity and Venture Capital Association. Barbara Nowakowska has been managing PSIK for 14 years, working for promotion and development of private equity/venture capital industry in Poland and representing interests of the Polish private equity community. Barbara Nowakowska served as an expert on the Polish private equity and venture capital at the European Commission. Prior to joining PSIK in 2003, Barbara Nowakowska was a board member of an independent Polish telecom operator El-Net S.A. She gained experience in private equity industry at Enterprise Investors. At the beginning of transformation, she worked at the Ministry of Privatisation. Barbara Nowakowska holds an MA degree in economics.
Jameel N. Anz joined the Arab Bank Group as the Head of the SME Investment Fund in 2017. Prior to that, Jameel was a Senior Director at Foursan Group which he joined in 2005. He also served as a Director of Safwa Islamic Bank, Al Qaser for Touristic Investment, Shamsuna Power, and Nafith Logistics. Jameel is the President of the CFA Society Jordan, an exam grader and a frequent lecturer in valuation, accounting, finance and ethics. Jameel is a CFA Charterholder in addition to an MBA in Finance – Valedictorian – from NYIT. Jameel also holds a BA in Economics with Great Distinction from McGill University.
Managing Partner at Tar Heel Capital Pathfinder, group of Venture Capital funds investing in new technology projects up to 1mln Eur. Radosław Czyrko is a financier with 20 years of experience on the Polish capital market. His professional career started in a stockbroking company Erste Securities Polska. Later, for eight years, he managed a Venture Capital group Renaissance Partners whose investors included institutions such as ABN AMRO, EBRD and Asset Management. Prior to starting THC Pathfinder, he was for nine years Managing Partner in Xevin Investments Venture Capital Fund one of the most active fund on the Polish VC market. During his carrier, he carried out several dozen investments and successful exits.
Co-founder of bValue Angels, VC passionate about technology innovation and entrepreneurs with 12 years’ operational and investment experience. Most recently within Integer Group as Vice President of Inpost Paczkomaty, and previously CFO at easyPack, where he was managing operations on 15 markets and was responsible for obtaining financing for the international expansion for the total amount of EUR 200mln. Before Maciej Balsewicz was VicePresident at PineBridge Investments, US growth PE fund investing in CEE, where he was responsible for searching and managing new investments and the supervision over portfolio companies. He graduated from Poznań University of Economics and Management Program at the University of California, Berkeley, USA. He is a statutory auditor and fellow ACCA member.
Manager with 20 years of experience in the financial and asset management sectors. From 2007 to 2017 he was associated with BPH TFI, where, as the Vicepresident of the Management Board he was responsible for the operational activity of investment funds, finances and taxes, financial reporting and cooperation with transfer agents, depositary and auditors. Previously associated with Bank BPH as a Director in the Financial Area, involved in the process of the Bank's division. He was also the President of the Management Board of companies in the Bank BPH group: PBK Inwestycje and Final Holding. A graduate of the Faculty of Management at the University of Gdańsk. He has a CFA certificate and an investment adviser license. Mr. Mokrzycki has graduated from the Faculty of Management at University of Gdańsk. He achived the title of Charted Financial Analyst awarded by CFA Institute in 2005 and the investment advisor title in 2009. Member of the Management Board in CFA Society Poland since 2013.
Partner; manages the fund Internet Ventures FIZ and co-manages MCI.TechVentures 1.0. He worked for LinkedIn in California, where he was responsible for the creation of the competition strategy on the European market. From 2002 to 2005 and from 2007 to 2012, he was employed at McKinsey & Company, where, as Engagement Manager, he was in charge of the implementation of strategic and investment projects (including M&A) for top European companies focused on telecommunications and media, but also for leading power industry, fuel sector, FMCG and Private Equity players. In 2012, he took the function of Managing Director at Rocket Internet CEE, the world’s largest e-commerce project incubator, where he was responsible for the identification of new investments, raising capital, establishing new start-ups and development of Rocket’s portfolio of growth-stage companies. He joined the team in 2013.
Chief Digital Officer of Bonnier Business and Editor-in-Chief of the Bankier.pl, the biggest Polish website for investors. Chartered Financial Analyst and a member of the board of CFA Society Poland. He studied at the Cracow University of Economics, the University of Bedfordshire, the Warsaw School of Economics and the Warsaw University of Technology.
Fintech expert, organiser of financial services innovators meetups – FintechTrends group – since 2015. Finance professional with international experience, graduate of Middlesex University in London. For 8 years, Piotr worked in the City as a financial markets trader. After he came back to Poland, he built an asset management department for one of the biggest cooperative banking groups in Poland and a trading company investing through algorithms. He has also executed a number of advisory projects for Polish enterprises. Currently he is Vice President of a consulting company Almondata.
Experienced Investor with a demonstrated history of working in the investment management industry. Skilled in Business Planning, Corporate Finance, Strategic Planning, Venture Capital, and Strategy. Strong entrepreneurship professional with MBA from University of Minnesota/SGH.
General Manager, Private Equity and Investment Banking/Corporate Finance Senior Level Dynamic Professional with extensive track record of successful projects, including several complex transactions, supported by comprehensive financial and legal education as well as professional experience.
20 years of experience in senior management in various companies of financial and IT sectors: private equity, banking, securities brokerage, corporate finance, fund management, financial services, IT. Expertise in Central and Eastern Europe.


Dla prawidłowego wypełnienia formularza konieczne jest wypełnienie pól oznaczonych (*)


CFA Society Poland is one of the 146 member societies of CFA Institute. It was established on April 14th, 2004. There are local member societies in more than 70 countries/territories, and have more than 135,000 members in 150 countries/territories.

The Society promotes the highest ethical standards in Polish investment community. CFA Society Poland gathers professionals involved in broadly defined investment and financial management. This group includes portfolio managers, financial analysts, investment advisors, risk managers and many other finance professionals.

Contact Person:

Monika Grabek
Executive Director
Mobile: +48 668 870 211
e-mail: monika.grabek@poland.cfasociety.org

Jakub Jański
Communication Coordinator
Mobile: +48 798 068 139
e-mail: jakub.janski@poland.cfasociety.org

e-mail: office@cfa.com.pl