Jarosław Supłacz



1993-1998 University of Finance and Banking in Warsaw, MA in Economics. The master's thesis: "Future of the banking system in Poland. Universal banks or special?" has graded on the best mark.

1991-1992 Physics student at the Warsaw University

Secondary school.
1st place in the Regional Mathematics Olympiad and 2nd place in the Regional Physics Olympiad (the Regional Olympiads were the highest stage of competition available, each taking part in one of the 49 former Polish regions).


1998-2000 I had a job with the Polish Oil Concern PKN Orlen S.A. I worked there until the situation within the company changed from a market-oriented joint stock company into a group ruled by political impulses. I used to prepare PLN/USD exchange rate forecasts and have foreseen large FX movements in the quotations. After my employment they implemented a strategy of not taking any positions, which I consider quite self-contradictory: abstaining from transactions is a currency market decision as well as concluding a transaction.

1992-1993 A position dealing with preparing a financial and marketing system for Invest Bank. One of the most appreciable results was the market share in vehicle loans soaring from 0 to 70% (around 30,000 individual loan agreements) in just half a year. The bank strategy and design of the whole product range prepared by my team proved to be both the largest marketing and PR campaign in Poland in 1993 and the first big marketing action dealing with financial products in the domestic market. A comprehensive Polish Car Society was established, providing the members not only with vehicle loans, but also discounts and promotions with affiliated companies, including car dealerships, insurance companies, post offices, petrol stations, garages and others.


In addition, some of my forecasts concerning the securities markets are worth mentioning. In 1994, I foresaw a slump on the Warsaw Stock Exchange. The report was published in the press thanks to financing on part of one of the investors.
In November and December 2000, my weekly forecasts concerning stock market indexes (mainly WIG20 and NASDAQ, the former one related to the Warsaw Stock Exchange) appeared on the pl.biznes.wgpw newsgroup. The accuracy proved to be good, and the forecasts were based both on technical analysis, including Elliott and Fibonacci methods, and knowledge about differences between markets, business cycles, financial policies and various countries.
The original report regarding ITI IPO was developed in 2002. The ITI Holdings (TMT branch) wanted to obtain 400m Euro by going public, yet the offering was cancelled due to small number of shares available for subscription. My report about ITI was read by staff in Polish investment banks and pension funds and as a consequence the presidents of pension funds (among them the CU OFE, being the largest pension fund in the Polish market) changed their formerly rosy opinions about the IPO. The report itself is available under the link, unfortunately only in Polish. I was interviewed many times concerning the ITI IPO, including an interview appearing on the first page of the financial newspaper “Law and Economy”.
I compiled a report dealing with the HOOP S.A. IPO in 2003. A quotation from the www.bankrupt.com service reads: “Based in Warsaw, Poland, Hoop S.A. produces fruit-flavored carbonated beverages, cola, and mineral water. Its original schedule for an IPO was foiled after Jaroslaw Suplacz, an independent analyst, published a report via the Internet valuing the company at less than PLN 5 per share, well below other analysts' expectations of PLN 26 per share. He also suggested that Hoop's existing shareholders might be guilty of stripping the company of assets, and that the company was on the verge of bankruptcy.” Articles about my report hit first pages of all the Polish financial newspapers, with the HOOP IPO being the largest on the Polish market in 2003.
Here is the link to a chart with HOOP quotations.