city's elected mayor and appointed putin to his administration. >> he was just one of the guys who was working with my father. and well, he came to my home and they were close. but putin was also a workaholic. he didn't like to be in the spotlight. >> by 1993 putin had become deputy mayor of st. petersburg. the city, like all of russia, was struggling. boris yeltsin's government of democratic reformers fought to transform a failed state-run economy into a capitalist system. yeltsin initiated the mass privatization program in 1992 to help spur the process. american-born investor bill browder moved to moscow in the mid 1990s and ran hermitage capital, the largest hedge fund in russia. >> over a period of about three years they effectively transferred all state property away from the state to private citizens. the intention was to give it