#12 - JRL 7300
From: <USRIS@ksg.harvard.edu>
Subject: Harvard Symposium Interview: Andrei Uspensky, CEO, PIO GLOBAL
Date: Mon, 25 Aug 2003

Russia's Mutual Funds Industry: "A Matter of Increasing the Pie." A Harvard Symposium Interview.

In his interview to the U.S.-Russian Investment Symposium, Andrei Uspensky, Chief Executive Officer of one of Russia's leading asset management companies PIO GLOBAL, shares his insights about Russia's mutual funds industry and the future of Russia's pension reform. To read the interview, please go to http://www.usris.org

Russia's mutual funds industury is young, and by U.S. standards, tiny: two thirds of the industry have been registered in the past year and a half, and the total amount of assets under management barely reaches $400 million.

But the industry is growing fast, and the pension reform, which is currenlty passing through the Duma, is expected to propel the industry forward in significant ways.

What are the trends in Russia's mutual funds industry? What is the industry expecting from the pension reform? What is it doing to educate the Russian consumers about the risks and benefits of having their retirement money managed by a private firm? For a detailed look at these questions, please go to http://www.usris.org/index.v3page?p_v=pg&p=34053

For more information, please contact:

Izabella Tabarovsky
Communications Director
U.S.-Russian Investment Symposium
Kennedy School of Government
Harvard University
www.usris.org
617-496-3106