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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, People

Ex Chairman of the Central Bank on excessively protracted merger of pension funds

Posted on 28 October 2013

Ex Chairman of the Central Bank Mr. Gregory Marchenko in his interview for Delovoi Kazakhstan (“Business Kazakhstan”), voiced reasons behind excessively protracted merger of pension funds into a single pension fund.
“I believe the process of swapping stakes in the three biggest pension funds [in exchange for stakes in government-owned banks] between the funds’ shareholders and Samruk-Kazyna Sovereign Wealth Fund is unjustifiably protracted as shareholders of these pension funds have lost their business”, Mr. Marchenko said………………………………………..Full Article: Source


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