The Alfa Fellowship Program is sponsored by AO "Alfa-Bank". Founded in 1990, Alfa-Bank is a full-service bank operating in all segments of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking and other ancillary services to corporate and retail customers.
Alfa-Bank is one of largest private bank in Russia in terms of total assets, total equity, customer accounts, and loan portfolio. Under International Accounting Standards (IAS), on December 31, 2014, the assets of Alfa Banking Group – which comprises Alfa-Bank as well as subsidiary banks and financial companies – totalled $43.6bn, total equity was $4.3bn and loan portfolio totalled $28.1bn, with net profit of $33mln. By the end of 2014, Alfa-Bank served over 162,200 corporate customers and 11.4mln individuals. Alfa-Bank has 804 offices and branches in Russia and abroad, including a subsidiary bank in the Netherlands, as well as financial subsidiaries in the United States, United Kingdom, and Cyprus.
Alfa-Banking Group has a long history of supporting charities, Russian culture, and developing programs for young talent.
Cultural Vistas is a nonprofit exchange organization promoting global understanding and collaboration among individuals and institutions. We develop international professional experiences that create more informed, skilled, and engaged citizens. Our programs empower people to drive positive change in themselves, their organizations, and society. Learn more at www.culturalvistas.org.
Cultural Vistas acts as the U.S. representative of the Alfa Fellowship Program and has administered the program since its inception in 2004. In 2009, the program was expanded to include young professionals from the U.K., which Cultural Vistas administers in consultation with Dr. Dana L. Brown, Executive Director of the Saïd Business School's MBA program at Oxford University. In 2014, the program was expanded further to include German citizens, which Cultural Vistas also administers.
Fund for International Fellowships and Cultural Dialogue
The Alfa Fellowship Program is administered in Russia by the Fund for International Fellowships and Cultural Dialogue. The Fund was established by the Corporate Charity Projects Department of Alfa-Bank with the goal of ensuring successful day-to-day operations of the Alfa Fellowship Program. The Fund, also known as the "Moscow Office," is a welcoming place that provides a supportive environment for Fellows to help them adjust to life in the Russian capital. Moscow Office staff also works together with Fellows to identify suitable work placements at leading institutions in Russia by drawing upon extensive contacts throughout industry, media, government, and the nonprofit sector. Additionally, the Moscow Office staff organizes other important aspects of the program, such as the seminar series, language courses, and housing.
The Alfa Fellowship Alumni Association (AFAA)
The Alfa Fellowship Program Alumni Association was established in 2008 and now consists of over 100 members. It contributes its support to the Alfa Fellowship Program and works to ensure program alumni remain connected with one another and with Russian affairs. For more information, please visit the Alumni tab.