The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Q&A with Richard Evans, Chairman of Samruk: “Our mandate is to make two and two add up to more than four”

Richard Evans says he took a lot of convincing before he became chairman of Samruk Holdings. It’s no wonder – among the challenges he faces are to make sense of a sprawling set of government-owned companies, and to deal with governance issues and allegations of corruption. But in an interview with Eric Ellis, Evans and Samruk’s deputy chief executive, Ulf Wokurka, say it’s well worth the challenge.

Samruk: the outsider’s inside story

Richard Evans, Samruk

"You go around the organization, there’s a lot of talent and there’s a hell of lot of knowledge in these businesses but there is no mechanism for sharing it. There’s a silo mentality"
Richard Evans, Samruk

erste-q.gif
How did you, a British businessman, come to be the chairman of Kazakhstan’s premier state company?
samruk-ee-hs.gif
EVANS: I was introduced to Nazarbayev on one of his early trips to the UK by (then Prime Minister Tony) Blair while I was still at BAE, and Blair was anxious that the UK should help one of the fledgling former Soviet states. Out of that conversation, in about 2001, came discussions about BAE helping fix the national carrier and reforming the aviation sector here. That led to: "Why don’t you come and set up the new airline for us?" We [BAE] first helped draft legislation for the industry and a few months later Nazarbayev told me it had been enacted.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree