Michael Calvey

Michael Calvey (born October 3, 1967) is an American businessman known for his investments in Russia. Calvey was a co-founder of Baring Vostok, an independent private equity firm focused on investments in Russia and the Commonwealth of Independent States.

In 2019, following a corporate dispute with Russian shareholders in Vostochny Bank, Calvey was arrested by Russia’s FSB in a high-profile case that the New York Times described as being based on “bogus charges”. After a lengthy trial, a Russian judge in 2021 found Calvey guilty of misappropriation and issued him a suspended (probationary) sentence of 5.5 years. In 2024, Calvey's conviction was vacated, clearing his record.

His case was widely publicized in Russia and the world. Calvey authored a best-selling memoir, Odyssey Moscow: One American's Journey from Russia Optimist to Prisoner of the State, recounting these events.

In 2022, Calvey left Russia, disinvested after the invasion of Ukraine, and is currently the Chairman of Baring Ventures, a global private equity firm.