Past eventInvitation OnlyResearch Event

Hermitage Capital, the Russian State and the Case of Sergei Magnitsky

15 December 2009 - 5:00pm to 6:30pm

Chatham House, London


William Browder, Founder and CEO, Hermitage Capital



The death of Sergei Magnitsky, a lawyer working for the investment fund Hermitage Capital, has once again drawn attention to allegations of state-led persecution of businessmen and lawyers involved in high-profile disputes with the Russian government. Mr Browder, the founder of Hermitage Capital, was a vocal advocate of investment in the country, and an outspoken critic of corruption in Russian state companies. In 2005 Mr Browder was denied entry to Russia on grounds of national security, and his company was subsequently accused of tax evasion. Hermitage Capital claims to have uncovered evidence that corrupt officials have used seized Russian subsidiaries to defraud the state of $230 million. Mr Browder will discuss the implications of the Hermitage case for Russia, and those who work in it.

William Browder is the Founder and CEO of Hermitage Capital Management. He currently serves on the World Economic Forum's Global Agenda Council on Governance and also sits as Chairman of the Russia Task Force for the Institute of International Finance. He is a member of the OECD/World Bank Roundtable on Corporate Governance in Russia.

Attendance at this event is strictly by invitation only.