Head of «Samruk-Kazyna» JSC U. Shukeyev reports at enlarged meeting of Kazakh Government under chairmanship of President N. Nazarbayev

«Transformation Program will be ready by September. The document will be considered by the Board of Directors and the Government,» the head of «Samruk-Kazyna» JSC Umirzak Shukeyev said.

He noted that international consulting company McKinsey analyzed the activities of the Fund as compared to global peers. According to a number of indicators «Samruk-Kazyna» is at a decent place. It is referred to the financial crisis management and stability, transparency, accountability and others.

«However, we are behind in a number of important indicators. We are talking about the operating effectiveness of our subsidiaries, returns of capital and return on investment. Transformation program is aimed at bridging this gap,» Umirzak Shukeyev told.

«Transformation involves restructuring the portfolio of assets, including large-scale privatization, deep business processes reengineering,» the head of «Samruk-Kazyna» JSC added. He noted that this work has already begun in the three fund's companies: «KTZ» JSC, «KMG» JSC and «Kazpost» JSC.

According to Mr. Shukeyev, comprehensive measures will be taken under the transformation program to achieve international standards of quality personnel, business processes and technologies.

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