
David Tonakanyan
Partner and co-founder
Partner and co-founder responsible for strategic consulting, investment advisory and structuring, and operational efficiency. Works with Ekaterina Vanyushina on strategic and operational assignments. His sector responsibilities cover real estate and construction, tourism and hospitality, digital infrastructure, transport and logistics, and banking and financial services. Focuses on project economics, investment priorities, funding structures and management processes. From 2016 to 2021 he was a senior manager and head of construction consulting at PwC. His project experience includes construction management, cost control and improvement of investment programmes. Co-founder of Globecost. Graduated from the Moscow Institute of Transport Engineers in Industrial and Civil Engineering and is studying for an Executive MBA at Hult International Business School, focusing on strategic management and professional services.
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Andrey Orlovskiy
Partner and co-founder
Partner and co-founder responsible for cost engineering and CAPEX management alongside Igor Tochenov. His sector responsibilities cover industry and technology, mining and geological exploration, real estate and construction, tourism, and environmental infrastructure. Works with Grigory Agranov on the geological aspects of resource and environmental assignments. More than 18 years in project preparation, delivery and cost engineering, including senior roles at AECOM, Mott MacDonald and EuroChem. His expertise covers budgets, cash flow plans, Value Engineering, procurement and contractor negotiations. Projects include Luzhniki Stadium, Sheremetyevo Terminal B and its inter-terminal connection, and the Usolsky potash complex. He coordinates resource-project delivery with specialist geological experts. A SKOLKOVO MBA graduate with an RICS professional qualification; teaches at MISIS and HSE. Co-founder of Globecost.
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Frunze Aleksanyan
Partner
Partner responsible for project and capital construction management alongside Lidia Lambina. His sector responsibilities cover real estate and construction, and tourism and hospitality. More than 12 years in investment and construction, from pre-project analysis to commissioning. Connects project economics with design, procurement, construction and change control. Led business development in international firms, including as Commercial Director at Colliers. Contributes industry analysis, speaks at professional forums and has participated in developing construction consulting and pricing methodologies.
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Natalia Spesivtseva
Chief Operating Officer
Operations Director with six years of experience in construction, fit-out and urban infrastructure projects. Specialises in procurement, contractor and supplier agreements, budgets and administrative approvals. Previously worked at the Sirius management company on parking, beach infrastructure, rental services and temporary retail facilities. Her work included more than 3 km of beach infrastructure and catering arrangements for the Russian Formula 1 events in 2020 and 2021.
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Lidia Lambina
Head of Construction Management
Head of Construction Management with more than 18 years in construction project management, engineering and delivery control. Coordinates project teams and contractors, monitors programmes and budgets, and oversees compliance with technical and quality requirements. Spent more than 11 years as a project manager at Mott MacDonald, followed by a project management role at Mercury Tower. Graduated from Moscow State University of Civil Engineering in Economics, Organisation and Management in Construction.
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Ekaterina Vanyushina
Head of Operational Efficiency
Head of Operational Efficiency and an expert in strategic consulting, working with partner David Tonakanyan. Has more than 10 years in strategic and operational consulting and organisational transformation. Specialises in business processes, organisational design, cost reduction, management systems and automation. Her experience spans manufacturing, oil and gas, financial institutions and public organisations. Held leadership roles at VTB, Sberbank and Finam, working on organisational development and corporate-function performance. This experience supports strategic and operational assignments for TOP&Co clients. Graduated from Kazan State Technical University and completed Economics and Management programmes at Moscow State University.
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Igor Tochenov
Head of Cost Engineering
Head of Cost Engineering with more than 35 years in investment-construction project cost management. Responsible for CAPEX assessment methodology and cost control tools. Expertise includes investment estimates, budgets, cost documentation, tender analysis and Value Engineering, from early project preparation through construction and commissioning. Held key roles in contracting and engineering firms and worked on industrial, infrastructure and commercial projects.
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Grigory Agranov
Head of Geological Expertise
Head of Geological Expertise, responsible for independent geological assessment, resource potential and subsurface-project risks. Specialises in geological and geophysical data, conceptual deposit models and the assumptions underpinning resource and reserve estimates. Worked at CGE, LUKOIL-Engineering and MAGE on regional studies, exploration, onshore and offshore assets. Examines data quality and geological uncertainty and connects findings with technical and investment decisions. Graduated from the Faculty of Geology at Lomonosov Moscow State University; defended a dissertation in geology and tectonics in 2023. Works with Andrey Orlovskiy in mining and geological exploration, and environmental infrastructure. In environmental assignments, focuses on geological data quality, models and technical assumptions within his area of expertise.
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