Evgenii Tiapkin
Freedom HoldingAbout Evgenii Tiapkin
Evgenii Tiapkin, age 42, is Executive Director of Freedom Finance Europe Ltd. (Freedom EU), responsible for FRHC’s business development in Europe, including Cyprus; he joined Freedom EU in October 2017 and holds a Management diploma from Lomonosov Moscow State University (2004) . He is not a U.S. “named executive officer” of FRHC and therefore his individual compensation is not presented in FRHC’s Summary Compensation Table . For company-level performance context during his tenure, FRHC’s Pay vs. Performance disclosure shows Company TSR (value of $100) shifting from $506 (FY23) to $497 (FY24) to $248 (FY25) .
Company performance context (pay vs. performance disclosure)
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Company TSR – value of $100 investment | $506 | $497 | $248 |
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| JSB Lefko-Bank (Russia) | Research Analyst; Head of Analyst Dept. | 2004 | Early-career research/analysis track |
| LLC Nettrader | Head of Brokerage Department | 2005–2011 | Led brokerage department |
| Freedom Finance Ukraine | General Director | 2012–2014 | Country leadership |
| Tradernet Ltd. (Cyprus investment firm) | Executive Director | 2014–2017 | Executive leadership |
| Freedom Finance Europe Ltd. (FRHC subsidiary) | Executive Director | Oct 2017–present | Business development in Europe (incl. Cyprus) |
Fixed Compensation
- Tiapkin is not listed among FRHC’s named executive officers (NEOs) for FY2025; accordingly, FRHC’s proxy does not disclose his base salary, target/actual bonus, or equity grant values in the Summary Compensation Table .
- He is employed by Freedom Finance Europe Ltd. under an Employment Contract dated April 7, 2023 (Cyprus), which governs role and terms but (as filed) does not state public U.S. proxy-level cash amounts; see Employment Terms below .
Performance Compensation
- No individual short‑term incentive targets/weights or long‑term incentive (RSU/PSU/option) awards for Tiapkin are disclosed in FRHC’s FY2025 proxy or executive compensation tables; the named awards disclosed for FY2025 pertain to FRHC NEOs (e.g., Tashtitov, Ler, Kerr, Lukyanov) and not Tiapkin .
Equity Ownership & Alignment
- Beneficial ownership tables cover >5% holders, directors, nominees, and NEOs; Tiapkin is not included, and no share count or percentage ownership is disclosed for him at the FRHC parent level .
- Company-wide governance: FRHC prohibits hedging, pledging, margining of company stock by directors and executive officers (covered persons) .
- FRHC adopted a compensation recoupment (clawback) policy effective October 2023 in line with SEC/Nasdaq rules; it also permits discretionary recoupment in certain misconduct cases .
Employment Terms
Employment Agreement: Freedom Finance Europe Ltd. and Evgenii Tiapkin (April 7, 2023)
| Term | Detail | Source |
|---|---|---|
| Employer / Entity | Freedom Finance Europe Ltd. (Cyprus) | |
| Position | Executive Director (duties in Appendix 1; may be amended by employer) | |
| Start | Contract concluded April 7, 2023; employment commences on conclusion date or upon work permit filing if applicable | |
| Contract length | Three (3) years, unless terminated under contract terms | |
| Termination (notice) | Either party may terminate with 30 days’ written notice under the Cyprus Termination of Employment Law, 1967 | |
| Payments on termination | Employer pays all arrears of salary; employee accepts in full discharge of all claims (subject to law and any breach damages) | |
| Mobility/Change of employer | Employee shall not change employer during the validity of the contract and work permit per Cyprus law | |
| Conduct/COI | Conduct and decorum covenant; duty to disclose and avoid conflicts of interest |
Investment Implications
- Disclosure gap on cash/equity specifics: Tiapkin is a senior subsidiary executive but not an FRHC NEO, so U.S. proxy tables do not show his salary/bonus/equity; this limits pay‑for‑performance calibration and trading-signal inference at the individual level .
- Retention and exit economics: The Cyprus contract is a fixed 3‑year term with 30‑day mutual termination notice and arrears‑only payout (no CIC/severance multiples disclosed), implying relatively low severance cost for FRHC and moderate retention risk if market alternatives arise .
- Alignment/risk controls at the company level: Anti‑hedging/pledging policy reduces misalignment/forced‑sale risk, and the clawback policy tightens downside accountability on incentive pay, both generally supportive of governance quality .
- Say‑on‑pay signal (company context): FRHC’s 2024 advisory vote garnered ~96% support, indicating broad shareholder acceptance of the program architecture guiding NEO pay (though not specific to Tiapkin) .
Note: No FRHC filings identified specific equity grants, vesting schedules, pledging, or Form 4 trading activity for Evgenii Tiapkin; ownership and award details appear undisclosed at the FRHC parent level for FY2025 .