Investment Management


Investment Management

As global leaders in providing services to the investment management industry, Deloitte’s investment management practice provides global resources and capabilities with a local presence, resulting in a clear understanding of each client’s specific market and way of doing business.

              Services we provide

  • Audit of financial statements in accordance with Russian Accounting Standards
  • Assistance with the adoption of International Financial Reporting Standards (IFRS), including the development of overall plan, training programmes, preparation of necessary resources and financial reporting system development
  • Audit of financial statements in accordance with International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (US GAAP) or other international standards (also as part of IPO preparation)
  • Quarterly/half-year review of financial statements
  • Services related to floating and placement  of securities, including the preparation of comfort letters


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Internal Audit
  • Full or partial outsourcing of internal audit
  • Corporate governance
  • Enterprise risk management
  • Assessment of risks and control procedures in the field of IT
  • Building an internal audit function
  • Development of a strategic development plan for internal audit function
  • Optimization of internal audit function
  • Internal audit training sessions
  • Quality assessment services
  • Inspection and consulting services for the observation of contractual conditions by third parties


Internal Control
  • Building an internal control system
  • Optimization of internal control system.
  • Test of design and operational efficiency of internal control system
  • Introduction of control procedures when implementing projects for the reform of the finance function and the implementation of ERP systems
  • Internal Control Training Programs


Information Security
  • Determination of information used by the organization
  • Assessment of probability and consequences of information leak
  • Assessment of efficiency of existing protection instruments
  • Development of a reaction strategy for possible information leaks
  • Cooperation in the selection and implementation of data leak prevention instruments


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Technology Integration Services
  • Optimization and automation of sales process for financial institutions: Increase up- and cross-sales
  • Optimization and automation of the lending processes
  • Data analysis and Implementation of information management services
  • IT project portfolio management and setup of the Program Management Office
  • IT services efficiency improvement and optimization
  • Payment processes automation


Strategy and Operational Effectiveness
  • Strategy development: Identification of long-term development priorities, implementation of shareholders' and top management's vision
  • Organizational design: Optimization of organizational structure, creation of new functions, implementation of changes
  • Headcount optimization: Identification of target employee number, workload distribution, benchmarking of productivity
  • Design of a KPI motivation system: Development of objective reward criteria, relation of reward payments to the financial results of the organization
  • Cost reduction: Optimization of procurement, improvement of business processes, infrastructure and organizational structure
  • Increase in sales efficiency: Optimization of role allocation, regular management procedures, implementation of balanced motivation system
  • Business-processes improvement: Stream-lining of processes, reduction of failures, controls system optimization, process-oriented approach implementation
  • Project management office set-up: Reduction in projects’ time and budgets, increase in performance of complex projects & programs
  • Post Merger Integration: Implementation of target operating model, reduction of project integration risks, achievement of synergy effects


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Transaction support
  • Acquisition due diligence (“Buy-side”)
  • Vendor due diligence (“Sell-side”)
  • Vendor assist
  • Negotiation support
  • Debt restructuring support (Independent Business Review preparation)
  • Assistance with drafting/analysis of Sale and Purchase Agreements
  • Analytical support of capital market deals (long-form report, working capital report)


Forensic and dispute services
  • Fraud and Accounting Investigations
  • Anti-Bribery and Anti-Corruption Services
  • Dispute Services
  • Business Intelligence Services 
  • Capital Projects
  • Anti-Money Laundering
  • Fraud Risk Management and Compliance Services
  • e-Discovery
  • Analytics


Valuation and financial modelling
  • Business valuation/value analysis
  • Fixed asset valuation
  • Purchase price allocation and intangible asset valuation
  • Financial modelling


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Financial Advisory

International tax
  • International tax planning aimed at improvement of the efficiency of businesses, reduction in operating costs and management of economic risks
  • Structuring of cross-border investments
  • Consultation regarding tax efficient international group structuring
  • Tax structuring for IPO/private placements by Russian companies
  • Exit-strategies planning
  • Consulting services on foreign tax law with the assistance of Deloitte Global Network
  • Delivery of international tax events, workshops, conferences, seminars, etc.
  • Assistance in setting up of companies in foreign jurisdictions (together with aligned law firms in the respective jurisdictions)


Transfer pricing
  • Assistance in the analysis of business operations and in the detecting of related-party transactions
  • Assistance in the selection of transfer pricing methods that best suit client’s related party transactions
  • Benchmark studies using statistical data bases (SPARK, Amadeus, Ruslana, Bloomberg Professional etc.)
  • Transfer pricing planning and documentation
  • Recommendations for reducing the risks related to transfer pricing
  • Dispute avoidance: Advance pricing agreements (APAs)
  • Competent assistance during tax audits related to transfer pricing, performed by a designated department of the Federal Tax Service
  • Supply chain management with regard to transfer pricing regulations etc.


Tax accounting services
  • Consulting, including tax compliance and accounting (RAS and IFRS or US GAAP)
  • Preparation and filing of the company's statutory financial statements and full tax reporting to the tax authorities
  • Development of an accounting or tax policy for financial and tax accounting purposes
  • Secondment of qualified personnel
  • Analysis of tax accounting and reporting. Recovery and restoration of financial and tax accounts
  • Support during desk and field audits


Business tax
  • Corporate taxation and compliance services
  • Consulting on strategies for a better management of tax obligations and enhancement of cash flow


Tax management consulting
  • Risk, strategy and operations
  • Enterprise resource planning (ERP) and tax strategy
  • Compliance outsourcing
  • Compliance process automation
  • Tax data analytics


Global employer services

Executive compensation:

  • Bespoke remuneration strategy and incentive plan design
  • Shareholder consultation and investor relations support


Indirect tax
  • A review of the company’s business model from the point of view of indirect taxes with the identification of areas of risk and the possible optimization of indirect tax payments
  • Detailing strategies on how to claim VAT refunds and support with implementing this strategy
  • Analysis of contractual arrangements in view of the potential negative implications related to VAT and excise issues
  • On-going consultation on the application of indirect taxes to particular transactions and activities; such as capital construction, business reorganization and trade incentives


Research & Development and Government Incentives
  • Initial feasibility review and analysis of potential claims
  • Assistance in obtaining tax incentives on a turn-key basis or support at various stages
    of the process:

─ preparation of application and supporting documents for a claim

─ negotiations with the authorities

─ review of draft agreements with the relevant government bodies


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  • Advice on corporate law
  • Advice to businesses facing high levels of state regulation
  • Corporate management and the law
  • Legal support for M&A and reorganization
  • Legal advice on IPOs
  • Preparation and analysis of all contract types
  • Advice on intellectual property issues
  • Advice on all aspects of financial law (including stock market, insurance, banking and leasing legislation, and currency exchange regulation)


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Legal services


Roman Sattarov

Roman Sattarov

Partner, Audit & Assurance

Roman joined Deloitte Caspian Region in 2003 after receiving a Bachelor’s degree in Accounting and Finance from the London School of Economics. He is a Certified Public Accountant (USA), a Qualified K... More

Mark Smith

Mark Smith

Chief Executive Officer Deloitte, CIS

Mark spent his early career in Scotland before leaving for Almaty to head Deloitte’s regional Financial Services audit group in 2007. Since 2012, Mark has been Managing Partner for the Caspian Region.... More