It was fascinating to listen to some great speakers including Michael Milkin who focused on how to spur growth in Russia – the vision for the future. Here is a quick snapshot of what was said:
Russia, which is heavily dependent on it’s rich natural resources, has to overcome the vagaries of being beholden to commodity prices. With economic growth being dependent on inflating oil prices and increasing foreign capital inflow, this model is clearly not sustainable in the long term.
This is where Russia has been smart – it demonstrated an amazing ability to adjust to the different conditions created by the 2008/09 downturn. But for Russia to continue to grow it needs to do three things:
- Avoid Dutch Disease (over reliance on commodities)
- Diversify the economy
- Promote entrepreneurialism and support the SME market
With our track record of being the first administrator to move into new territories you would rightly assume we plan to open an office here!
And with our global network Apex is well positioned to support Russian entrepreneurialism and more importantly the emerging managers by guiding them through all the options of fund structures and domicile so we can support their own growth.
Russia, it seems, is more than ever the land of opportunity….and you will find Apex here.”
