The goal of this study is to capture a sense of significantRussian entrepreneurs’ perspectives on the critical issues they, their companies and their families face in managing and building their businesses and wealth.
The UBS/Campden Research report on Russia’s entrepreneurs provides a unique insight into the views of the people who run some of the country’s most enterprising businesses. Now in its third year, the insights give not only a snapshot of the current thinking of a wide spectrum of entrepreneurs across the biggest country in the world, but also a historical comparison of how their thinking is changing.
"Russian entrepreneurs are unique inasmuch as they are a new phenomenon, hardly existing before the ending of the command economy that prevailed for much of the 20th century in the former Soviet Union. So the insights provided in this report present a rare opportunity to understand the evolution of an entrepreneurial class in a large emerging market economy." said David Bain, Head of Research at Campden Wealth.
A general theme running through much of this year’s report is the rather difficult state of the business environment in Russia, especially for entrepreneurs. The research looks at a wide variety of entrepreneurs in terms of the size of their businesses – but regardless of their size the dominant theme coming across is that corruption is a big issue in doing business in Russia today.
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David Bain is editorial director of Campden Wealth. He works across publishing – responsible for CampdenFB, FO and NXG magazines – and research. He joined Campden in 2010 from Dow Jones, where he worked on Financial News and the Wall Street Journal. He also set up Wealth-Bulletin, an online service for the wealth management sector that is now part of Financial News. He has more than 20 years’ experience as a journalist and economist, working at various organisations, including Schroders and the Economist Intelligence Unit, part of the Economist Group. He holds an economics degree from University of London.
Paul Golden is a specialist business writer with extensive experience of issues ranging from developing business plans and sourcing funding, to investment strategies and wealth management. A regular contributor to leading international publications, he developed his knowledge of the global financial industry over more than a decade, during which time he has interviewed leading figures from around the world, explored market developments and provided timely insights and perspectives on emerging trends. In addition to writing articles and opinion pieces for some of the best known and most respected financial titles in Europe, North America, the Middle East and Asia, he has researched and compiled numerous reports for financial institutions and research firms.
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused investment bank and a strong, well-diversified global asset management business, UBS will expand its premier wealth management franchise and drive further growth across the group. Headquartered in Zurich and Basel, Switzerland, UBS has offices in more than 50 countries, including all major financial centres, and employs approximately 64,000 people. UBS AG is the parent company of the UBS Group. Under Swiss company law, UBS AG is organised as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors. The operational structure of the group comprises the Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, the Investment Bank, Global Asset Management and Retail & Corporate.
Wealth Management & Swiss Bank: Wealth Management & Swiss Bank focuses on delivering comprehensive financial services to high net worth and ultra-high net worth individuals around the world – except to those served by Wealth Management Americas – as well as private and corporate clients in Switzerland. The Wealth Management business unit provides clients in over 40 countries, including Switzerland, with financial advice, products and tools to fit their individual needs.
Svetlova is an international law firm with offices in London and Moscow. Svetlova provides expert legal advice to private clients and their businesses with services spanning from real estate, estate planning, immigration in the UK and citizenships in St Kitts, employment law matters and corporate acquisitions.
The firm is known as a preferred service provider for individuals and businesses wishing to establish a presence in the UK. The firm is well known for facilitating a smooth transition for businesses and individuals from the Russian Federation or ex-CIS to the UK and Europe. Svetlova’s lawyers are bilingual in Russian and English, which is often key to clients.
Svetlova is a frequent guest commentator on legal topics on BBC TV, various radio programmes and other media publications.
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