Stan Manoukian founded Independent Credit Research in 2009. Prior to Independent Credit Research, Stan worked as a consultant for PIMCO. Prior to PIMCO, he worked at Libertas Partners, Dalton Investments, Guggenheim Capital, Bank of America and Prudential Insurance. Stan has generated over 200 investment recommendations and participated in the restructurings of over 30 public and private companies, both domestic and international. Mr. Manoukian was ranked among the best distressed analysts by the “Institutional Investors” magazine in 2004.
Stan is a native of the Republic of Georgia. After completing his post-graduate study in Mathematics at Tbilisi State University in 1988, he worked as a research analyst at the Georgian Academy of Science Institute of Numerical Mathematics for 3 years. In 1990, Mr. Manoukian moved to Moscow where he co-founded Erlan, one of the largest retailers in Russia in the early 90’s. Mr. Manoukian also acted as the company’s CFO and was instrumental in transforming Erlan from a small startup to a $150mm company in 3 years. In 1994, Mr. Manoukian moved to the United States. Mr. Manoukian is married and has one daughter. In addition to his degree in Mathematics obtained in the former Soviet Union, Stan holds an MBA in Finance from the Darden Business School at the University of Virginia.