Executive Director of the Aurora-Ala Corporate Foundation Evgeniy Mokhovikov Speaks at KASE

On 8 April 2026, a practical seminar devoted to a new type of institutional investor, endowment funds, was held at the Kazakhstan Stock Exchange (KASE). The keynote speaker was Evgeniy Mokhovikov, Executive Director of the Aurora-Ala Corporate Foundation, who gave a detailed explanation of how endowments work.

The expert described endowments as the "closest relatives" of pension funds, noting their shared long-term horizon and professional approach to asset management. At the same time, he underscored their particular value: "It is one of the key instruments of sustainable development and systemic support for universities and the nonprofit sector."

According to Evgeniy Mokhovikov, the emergence of such funds creates a new niche for financial companies and stimulates demand for trust management. The speaker forecast rapid growth for the sector: "A multiple-fold increase in capitalization and the emergence of dozens of new funds are expected over the next three years."

Seminar participants discussed every stage of establishing an endowment, from fundraising to the distribution of income among beneficiaries. Particular attention was paid to the incentives required, above all tax benefits, that would allow endowments to become full-fledged participants in Kazakhstan's financial market.