The Foreign Investment Advisory Council (FIAC) was established in June 1994 as a result
of the combined efforts of the Russian government and foreign businesses to improve the investment climate in Russia. The key task of the council is to assist Russia in forging and promoting a favourable investment climate based on global expertise and the experience of international companies operating in Russia.
Deutsche Bank со-heads the Financial Institutions and Capital Markets working group. Working Group holds regular meetings during the year, the main goal of which is to develop specific actions and recommendations on the key issues of the Russian economy.
Joerg Bongartz, Chairman of the Board, Deutsche Bank Ltd. — Chairman of the FIAC Banking and Financial Markets Development Working Group.