Automatically translated version. May contain inaccuracies compared to the original.
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“Brokbusinessinvest”: the asset management company that survived Kurchenko and met the Astion brothers
Remember “Brokbusinessbank”? The one that brothers Oleksandr and Serhii Buriaky founded in 1991, and in 2013 was “almost given away for free” to Serhii Kurchenko — Yanukovych’s “family,” the VETEK/SEPEK group. The same bank from which, over six months, everything of value was siphoned off through 11 fictitious structures, and in February 2014 the bank became insolvent.
Brokbusinessbank’s assets at the time of purchase — 18 billion UAH. Creditors’ claims after the collapse — 11,164 billion UAH. A pool of assets was sold in 2019 for 15,7 million UAH — a discount of 99,934%.
In 2018 the Antimonopoly Committee of Ukraine imposed the first-ever fine in Ukraine on an individual as a concert party — on Kurchenko 15 million UAH for concealed concentration via 11 fictitious buyers. The Prosecutor General’s Office estimates the losses from Kurchenko’s schemes through Brokbusinessbank and Realbank at 14 billion UAH.
Now look — PJSC “AMC Administrator of the pension fund ‘Brokbusinessinvest’” (22968535), registered in 1995. It was the one servicing the bank. It was created for it. The NPF “Ukrainian Pension Capital” (33308613), which still administers Brokbusinessinvest today, was registered in 2005 by organizers-clients of JSC “Brokbusinessbank.”
Kurchenko left. The bank was liquidated. Assets were sold for 0,066% of face value. Creditors are owed 10 billion UAH. And the company named “Brokbusinessinvest” is alive, with a license from the National Securities and Stock Market Commission, and manages citizens’ pension assets:
✔️Assets of the NPF under administration — 3,46 billion UAH (as of 31.05.25)
✔️Plus JSC “ZNVKIF ‘Genesis Capital’” of the Astion brothers — 1,99 billion UAH
Together — ~5,5 billion UAH. Through a company with the name of the structure from which Kurchenko extracted 14 billion.
Who are the beneficiaries of this AMC today?
✔️Kutsenko Olena Mykolaivna — 50%
✔️Pud Serhii Oleksandrovych — 25%
✔️Dubrov Oleksandr Mykolayovych — 11,9%
✔️Merkulov Mykola Mykolayovych — 5%
✔️Iorgachov Dmytro Vasylovych — 5%
✔️Bondarenko Halyna Oleksandrivna — 3,1%
Director — Bondarenko Oleksandr Viktorovych. Removed concert party — Dubrov Oleksandr Mykolayovych. That is, Dubrov, whose 11,9% was officially recorded by the NBU as of 2021, is now removed from the register — washed out. Exactly following the “Genesis Capital” playbook: first present, then gone, public explanation — zero.
Among the 13 figures in the “Forrest Gump” case is Merkulov Yehor Oleksandrovych — Mykytas’s driver, coordinator of cash deliveries (the same surname as the AMC beneficiary).
Assets that “Brokbusinessinvest” bought for the Astion brothers’ “Genesis Capital”
✔️02.12.2024 — Prozorro.Sale, auction BRE001-UA-20241108-55548. The “Genesis Capital” fund was the winner in the bidding for shares of LLC “Business Telecom” (32770789). Price — 10 thousand UAH.
✔️31.08.2023 — The Antimonopoly Committee fines “Genesis Capital” 85 thousand UAH for acquiring LLC “Amalthea Trade” without approval.
✔️07.11.2025 — The Antimonopoly Committee allows “Genesis Capital,” together with the “Daimler” fund, to acquire direct control over LLC “Zhytomyr Distillery.”
Plus hidden, non-public Antimonopoly Committee approvals for LLC “APK ‘Dniproagro’” under the classification “information access restricted.”
Plus the NPF “Ukrainian Pension Capital” — Ukrainian citizens’ pension assets of 3,4 billion UAH under the same AMC.
One AMC with the name of the structure from which Kurchenko took 14 billion, after 2014 quietly transformed into:
🔸 Administrator of other people’s pensions.
🔸 Manager of a venture fund of 2 billion UAH of the Astion brothers.
🔸 Participant in a number of hidden concentrations that the Antimonopoly Committee keeps secret from the public.
⚙️ Questions that the National Securities and Stock Market Commission and NABU should answer:
✔️Who are the ultimate beneficiaries of PJSC “Brokbusinessinvest” as of 22.08.2026?
✔️Are the Merkulovs relatives?
✔️How many suspicious transaction reports has the AMC submitted to the State Financial Monitoring Service in 2020–2026?
✔️Has the National Securities and Stock Market Commission conducted routine on-site inspections of this AMC over the past 5 years?
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