Samruk: the outsider’s inside story

By:
Eric Ellis
Published on:

Kazakhstan’s president, Nursultan Nazarbayev, has decreed the creation of a state holding company, roughly on Singaporean/Malaysian lines, to oversee and rationalize the country’s lucrative but inchoate collection of state-owned companies and foster corporate governance. A British corporate warhorse, Sir Richard Evans, has been hired to pull the operation together. Eric Ellis reports on a confrontation of cultures.