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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

Kazakhstan fund chief aims to clean house

Posted on 08 August 2013

Umirzak Shukeyev is trying to clean up some of the most opaque corporations in one of the world’s most inscrutable countries. It is not a job for the faint-hearted. Mr Shukeyev is head of Samruk-Kazyna, the sovereign wealth fund of Kazakhstan – a sprawling empire of state-owned companies that symbolises the oil-fuelled power of the Kazakh state.
Over lamb kebab in the Kazakh capital, Astana, the former regional governor admits he is a fairly recent convert to western capitalist values. “At the start I didn’t really understand corporate governance,” he admits. “I do now.”……………………………………….Full Article: Source


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