Born in New Zealand and UK educated, Tom Adshead holds a degree in Economics from Cambridge University as well as a postgraduate diploma in Russian Language from Glasgow University.

Tom is a CFA Charterholder. He has concentrated on the Russia/CIS region for 25 years – originally training as a Sovietologist at St Antony's Oxford in the late 80s – and has lived in Moscow for the past 20 years. Prior to joining Macro-Advisory, he was a Portfolio Manager at Moscow-based Verno Capital, an investment advisory, and hedge fund management firm. He also served as a Portfolio Manager at Alfa Capital, Russia’s largest retail fund manager. He led the research teams at Kazimir Partners and at Sito Capital, both Moscow-based. Prior to moving to the buy side, Tom held Analyst and Head of Research positions at several sell-side firms including IFC Metropol, Troika Dialog, and United Financial Group.

He began his banking career at CS First Boston, where he wrote some of the first equity research reports on Russian companies. He started his business career at the European Bank for Reconstruction and Development where he was a banker on the Russia team.