Renowned economist, trader and financial analyst Stepan Demura was born on August 12, 1967 in Moscow. Stepan graduated from the Moscow Institute of Physics and Technology and the American University of Chicago.
Quick reference
Stepan Demura has been working in financial markets since 1992 as a developer of various trading systems. Already in 1994, his talent was noticed and appreciated. Demuru was hired as a trader and analyst in the derivatives market in US government bonds. In the United States, he worked for over 12 years, in addition to financial work, he also taught at the University of Chiga, from which he graduated with honors. Since 2004 Demura has been working on the Russian stock market.
In Russia, Demura was engaged in gold mining analytics, working first at TPA ARLAN, later at IFC Alemar and at Russian Investment Club. In the Russian media market, he became widely known as an expert giving radical forecasts, which later came true.
Television occupies an important part of his overall career as a financial analyst. On the RBC channel, he appeared almost every day on the air of the Markets program, where he gave his categorical predictions. His economic prophecies became especially popular during the crisis. On the TV channel, Demura was known as a person who always very confidently defends his point of view, which quite often differed from the opinion of most financial analysts.
In one of the broadcasts Demura said that the MICEX index in the near future will not be able to reach 1200 points. He promised to eat his hat if that happens. As a result, the “hat” that his wife had baked for him had to be eaten.
Reason for dismissal
The critical remark, for which Demura was fired from RBC, sounded on the air of the interactive edition of the Financial News program on November 19, 2012. In his address to the head of the TV channel, Alexander Lyubimov, he suggested organizing a competition among the leading analysts of RBC. Considering some of his colleagues incompetent in financial market analytics, Demura proposed a competition in playing on medium-term trends, with a limit of one deal per week. According to the results of quarterly trading on the stock market, the presenters who made the smallest percentage go to work in the "Morning" program with Dana Borisova, giving 10% of their salaries to the winners. He noted that this is the only way to achieve discipline, forcing people to think and take a more responsible approach to their statements about the current market situation. “And when you start thinking, there will be less garbage and less bazaar on the air,” Demura said.
Already after Demura's statement, in the course of further interactive communication with viewers, a person who introduced himself as Alexander Lyubimov called the program, and in a harsh form promised to fire all its participants for their behavior on the air.
The very next day he had to write a letter of resignation. In a press release from RBC TV, released on November 22, Demura's dismissal was described as the impossibility of finding a common language with the analyst in matters of professional ethics: "The editorial staff of RBC TV pays close attention to the thoroughness and substantiation of critical remarks that sound on the air of the channel."
Many viewers of RBC TV reacted rather sharply to his dismissal, criticizing the position of the channel's management. Now Demura periodically appears in the programs of RBC as an invited independent financial analyst.
