Asset management is carried out through international trust structures - Smart Trust and Step Trust.
The role of the Ultimate Beneficial Owners of the Trusts according to international registers is performed by the trustees, citizens of the Republic of Cyprus and 2 legal entities registered under the laws of Cyprus. Each of them supports Ukraine, including publicly demonstrating their position. For example, Andreas Sophocleous, as a representative of the trust, has focused on charity since the beginning of the full-scale war and takes care of the families of refugees from Ukraine in Cyprus
What is a trust?
- A trust is an asset management tool that guarantees transparency and control.
- Management decisions are made by professional managers (trustees) in accordance with the rules of international law.
IMPORTANT!
❗️Vadim Novinsky is NOT a beneficiary or owner of Smart Holding. He is historically the founder. He will not receive any dividends from the activity of the assets after the transfer of assets to the Trust and it does not affect the business.
❗️In 2023, the company completed the planned reform of the company's corporate governance. The agreement to transfer assets to the trust is irrevocable and does not provide for any benefits for the founder of the Trusts. That is, it completely eliminates even the hypothetical desire of the founder to return the assets to himself.
In April 2023, the Ministry of Justice, guided by the appeal of a private individual, unilaterally removed the Cypriots and returned the founder. In 2024, the Supreme Court recognized such actions of the Ministry of Justice as illegal. And in April 2025, the Ministry of Justice once again considered the appeal of two years ago and recognized it as groundless. But the Ministry of Justice is still ignoring the implementation of the Supreme Court's decision
We act openly. We are ready to document each fact.
Smart Holding is a Ukrainian business that works honestly and transparently for Ukraine.