Ducat Asset Management is an investment services company founded by consulting company Ukrainian Trade Guild and development company DC Evolution in partnership with founder of Principal Standard Group.

Our main specialization is property asset management. The company’s intention is to help clients navigate the markets and meet their investment goals. Ducat Asset Management develops investment products for expressing new ideas and structure portfolios that seek to capitalize on market inefficiencies.

Our team – corporate capital markets professionals providing traditional investment banking services within the envelope of the largest full-service real estate organization in Ukraine.

Ducat Asset Management is in a unique position to bring together the experience of highly skilled professionals from three complimenting companies to provide expertise and control through the entire project life cycle. In addition to Ducat Asset Management’s investment and capital markets expertise, Ducat Asset Management draws on DCE’s capabilities in development and UTG’s expertise in leasing, operations, and property management to create investment solutions.

DC Evolution is the first company in the Ukrainian real estate market that has implemented a service of complete outsourcing-development of real estate projects.

Ukrainian Trade Guild is the leading consulting company in the real estate market of Ukraine. Every second shopping and entertainment center in Ukraine was opened with the participation of UTG.

Principal Standard Group is a private holding company that specializes in Active Advisory and Business Services in a variety of countries across a wide range of industries: telecommunications, energy, security, real estate and health.

We develop investment products for expressing new ideas and structuring portfolios that seek to capitalize on market inefficiencies.

Corporate Social Responsibility

Ducat Asset Management is socially responsible company and strive to reduce environmental harm while creating value for their customers

All projects are projected using LEED or BREEAM guidelines

In our project implement energy efficient technologies

We encourage recycling of waste – at all properties separate waste disposals are available

All properties are handicapped accessible

All electric appliances are rated AAA on energy efficiency

We work with local authorities to improve surrounding areas and create communities

We help create a more professional real estate market and teach others how to manage, to create value, via our Academy

We are the initiators of the project «Our Parks» aimed at landscaping Kyiv

Our Team

Peter Foyo



BA International Business and Economics from Benedictine University in Illinois

Captain in the U.S. Army Reserve, Reserve U.S. Embassy Attaché


Founding CEO of Principal Standard Group, held numerous board leadership positions over the course of his career. Current board member with the Marquette Companies, a prominent real estate company with over 11,000 apartment units and $1.9 Bn. in property investments in the USA,  Advisory Board member for Cerberus Telecom Acquisition Corp.

Along with serving on the advisory board of the freight rail company Kansas City Southern, Peter Foyo helped lead the Business Global Initiative at Georgetown University’s McDonough School of Business.

Peter Foyo is recognized as an accomplished telecommunications executive. In his current role with Principal Standard Group, he oversees a broad range of global initiatives in communications, real estate, energy, and health care. His projects include the first solar facility in Mexico, a $700 MM medical plaza in Cancun, and a €1.5 Bn. communications contract with Serbia Telecom.

Peter Foyo spent much of his career as CEO and chairman of Nextel de Mexico, growing the company’s revenues to $3 Bn., increasing the company’s customer base from 35,000 analog subscribers to 4 MM digital subscribers, securing 30% of the Mexican postpaid market in the process. At the end of his tenure in 2013, Nextel de Mexico led all mobile network operators in terms of ARPU and EBITDA margins. He helped the company garner several major industry awards and recognitions, including “Socially Responsible Company” for eight consecutive years and “One of the Best Places to Work” since 2007.

Igor Melnyk

Chief executive officer


Institute of International Relations, Taras Shevchenko National University of Kyiv

Bogomolets National Medical University


Developer, specializes in redevelopment of old industrial zones to offices, expert in redevelopment of old industrial areas, speaker at international exhibitions MIPIM and MAPIC, property management (offices). 

Igor Melnyk has over 12 years of experience in real estate development. Since 2013, Igor Melnyk has lead the company Dragon Evolution, in partnership with the investment company Dragon Capital, the first successful Ukrainian outsource developer with extensive experience in more than 20 projects evaluated or under evaluation with a total area of over 1 million sq. m. A significant period in his career was associated with the Forum Group in the role of managing partner in development. He oversaw development of industrial zones in five business centers with a total area of 300,000 m2 of office space and the construction of an educational and recreational complex in Koncha Zaspa. 

In 2016, Igor Melnyk joined UTG team as partner. Because of this, UTG expanded its portfolio with new services such as development, brokerage, and subsequent management of the facilities.

Civic and Charitable Activities: He is engaged in volunteer support of the army. He is co-chairman of the Council of People’s Volunteers, and as advisor of the Minister of Defense of Ukraine, supervised the project of building fortifications in the ATO zone. He headed the program to provide The Armed Forces of Ukraine with accommodation in 2015. In the same year, he founded the charitable foundation “Our Parks.” In the past year, the foundation carried out six projects on landscaping and improvement of the city, the all-Ukrainian social action “Give Life to a Pine Tree” and launched a public awareness program emphasizing environmental values for Ukrainians.

Oleg Kurinny

Managing partner


Academy of Labour, Social Relations and Tourism

Ukrainian Institute of Stock Market Development of Kyiv National Economic University


Oleg Kurinny is a leading expert on the securities market, specializing in attracting financing and implementing investment projects. He has been the head of Dragon Development for more than 10 years. Since 2020, the managing partner of the asset management company Ducat Asset Management.

Vadym Nozdria

Supervisory board


National University “Kyiv-Mohyla Academy”, Master of Finance.

Mykolayiv Economic Lyceum No 2.


Vadym Nozdria is an experienced project manager with focus in energy efficiency, large scale infrastructure and hospitality projects. In 1999 he created the Mykolaiv regional Energy Efficiency Zone and received a grant from the TACIS “Energy Efficiency-2000” program. Worked in various positions at Ukrspetsexport (state company for export and import of military, and special products and services), with last position held being the Deputy Head of the 1st regional department, Head of the Department for the implementation of foreign economic contracts. Managed and implemented large-scale projects in the field of military-industrial cooperation, in particular, the construction of the capital repairs center for T-80UD tanks in the city of Texyl, with the participation of Ukrainian, Chinese and Pakistani enterprises.

In 2006, Vadym joined the international steel company Istil, as project manager, completing the project for the construction of a steel rolling mill on the Danube River in Serbia, which was put into operation and sold together with all the metallurgical assets of the group in 2008. Since 2008, responsible for development of real estate, media, coal and consumer industries in the Group. Since 2015 elected as member of Kyiv city council, member of the Standing Committee on housing and utilities, focusing on housing energy efficiency and the reimbursement of the difference in tariffs accumulated for 2004-2011.

In 2017, at the peak of the “Lviv Garbage Crisis” took initiative to establish and head “Green City”, a LLC project company for the implementation of construction projects for communal infrastructure for collecting and processing solid waste in the city of Lviv, as well as for the reclamation of Gribovitsky landfill. The project is funded by the EBRD and European Funds.

Vasyl Artazey

Chief operating officer


MSc International Accounting, Royal Holloway University of London

BSc Management, Royal Holloway University of London


Over 11 years of Investment Banking experience working at Ukraine’s top investment banks, including Dragon Capital and Arta Investment Partners. Provided market analysis and consulting services. Worked on M&A, Private Placement, and IPO deals in a wide variety of sectors, including retail, banking, agriculture, HoReCa, pharmaceutical, IT, Real Estate, and oil and gas – to the sum of over $350 MM.

From 2014-2018 was also an Adviser to the Minister of Economy, helping the Ministry of Economic Development of Ukraine fulfill its reform agenda. Facilitated export deals via international public procurement to the sum over $30 MM. Guest lecturer at Kyiv-Mohyla Business School (KMBS), author of numerous publications, international public speaker.

Andriy Ryzhykov

Chief financial officer


National Technical University of Ukraine

Kiev Polytechnic Institute


More than 14 years in real estate project management. Since 2013, Andriy has been the head of development at Dragon Evolution, which in partnership with Dragon Capital investment company, developed more than 10 projects in various real estate areas. Among the latest projects, Andriy Ryzhykov managed development of the Fozzy hypermarket (15,000 sq. m), Gorodok shopping center redevelopment (46,000 sq. m) and construction of an educational and recreational complex in Koncha Zaspa (Kyiv area).

Irina Bychkova



Dnepropetrovsk Engineering Construction Institute


Over 30 years of experience in banking, including on managerial positions. Has experience in creating a bank branch and a network of branches “from scratch”.  Achievement of the largest volumes of business growth in the main areas. General management of all activities of the region and organization of the work of more than 1,600 staff members.

Development and management of such banks:


Rostyslav Symonov

Associate Adviser


Bachelor in International Business, Grenoble Graduate School of Business

London School of Business and Finance

Candidate CFA Level 1


Over six years of experience in commercial real estate in the UK and CIS countries. Rostyslav was working actively as a consultant specializing in commercial real estate in London. His portfolio includes international franchises (including the world-famous Buddha Bar in London. Successfully assigned new leases in Mayfair and Knightsbridge. In collaboration with Davis Coffer Lions was working on lease assignment of flagship location on St. James Street in London). Lease assignment and restaurant development in Empire House on Brompton Road of international franchise (2012).

Konstantin Bozhenko

Associate Adviser​


Harvard University (corporate education courses – HMM)

Deloitte University (professional courses)

Master’s Degree in Business Analysis and Finance and Bachelor’s Degree in Business Administration, Donetsk National University of Economics and Trade

Association of Chartered Certified Accountants (ACCA)


Konstantin Bozhenko has more than 10 years of work experience in strategy (including M&A) and asset management in EMEA & CIS countries. Proven track record of designing and helping implement strategies and management practices driving revenue growth, cost savings, and market development. Prior to joining Deloitte, he worked for KMPG (Managed projects with total client value of USD 170+ Bn.).

© 2019 DUCAT