Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Mar 01, 2022

Ukrainian Banker Makes a Quick Pivot to Wartime Logistics

Ukrainian Banker Makes a Quick Pivot to Wartime Logistics

Until recently, the finance executive Anton Piatygin's work had little to do with war. He's a supervisory board member of one of the largest banks in Ukraine, Oschadbank, and a co-founder of a “buy now, pay later” finance startup called Ocean.me. He had been working on its funding in the weeks before Russia invaded Ukraine, where the 39-year-old lives. Piatygin spoke in a phone interview with Bloomberg News on Monday about his past week. This interview has been edited for clarity.

Bloomberg News: How are you doing? Where are you?

Anton Piatygin: Right now, in the Western part of Ukraine. I made a decision yesterday that I needed to evacuate my family -- we were staying in Kyiv until the last minute. I have two small kids, age three and five. I plan to go to Kyiv tomorrow again to continue my work, if the circumstances allow it. 

Bloomberg: What work do you do?

Piatygin: Before the war started I was involved in two things. I'm a supervisory board member of Oschadbank. I'm also a co-investor in a financial startup, which is a buy now pay later company. I'm still involved in Oschadbank, but now I'm also a volunteer in helping with logistics for the military and different humanitarian needs -- medical supplies, food, clothes. We already built a logistical channel from Europe to Ukraine. We established a warehouse on the border of Ukraine and Poland, where we basically accumulate humanitarian aid and distribute it to different regions.

Bloomberg: Did anything in your career prepare you for wartime logistics?

Piatygin: No, not during wartime, obviously. However I spent ten years in McKinsey as a consultant.

Bloomberg: How are you feeling?

Piatygin: I have to be honest, I'm not sure that I can fully digest what's going on. In general, the mood fluctuates from being scared to being extremely focused. There is time for, let's say, dark humor.

Bloomberg: What is it like to transform from a finance executive into a wartime operative? 

Piatygin: Most of the executives in this country, people who could afford it, switched overnight to being volunteers and to helping with different types of things.

Bloomberg: Others have been asked to stay and take up arms.

Piatygin: I think people are going through a dilemma: Where are they more useful? Are they more useful in the military, or are they more useful in some other types of activity? For now, I decided that I'm more useful in organizing logistics. But we are ready to fight. People are carrying guns. They are ready to fight back. It's a very honorable moment, but very sad at the same time.

Bloomberg: How did the job happen?

Piatygin: When the war started, I called my friend, who used to be my client at McKinsey. He used to be an executive at a large bank. Now he's in the government. I called him and said, ‘Look, where do you think you need help?' That's how it started. It shaped up into a full logistical supply chain with the largest companies of Ukraine chipping in. One company gave approximately 100 trucks to deliver the goods, another company sponsored the warehouse, another company provided a call center to service all this. And that's amazing. I was so positively surprised.

Bloomberg: Why?

Piatygin: I was not sure people were ready for the war. But then, when the war started, people switched overnight. We all want to help. You cannot just give in.

©2022 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com