Training: City's reputation is a magnet for new capitalists: 20 young managers from all corners of the former Soviet Union will be seeking skills here to effect changes at home

NOBODY can doubt that the former Soviet Union is going through great turmoil. But the countries emerging are eager to find people who can bring about further transformation, particularly in business.

As a result 20 young managers, identified as having the potential to effect change in their own country, will arrive here next month to begin work attachments with leading companies. Most will be from Moscow, others from the Baltic republics, the Ukraine and Alma-Ata in the far eastern republic of Kazakhstan.

The managers, who are between 25 and 35, will stay for up to 10 months as part of the Government's financial sector scheme, established in response to Boris Yeltsin's request to Norman Lamont, then Chancellor, for help with training. It was apparently the City's reputation that led Mr Yeltsin to choose Britain.

The British Council, which administers the scheme, expects that when it ends early in 1995, 1,000 managers, most from banking, law, insurance or accountancy, will have been on attachment with companies. These include Abbey National, KPMG Peat Marwick, Morgan Grenfell, National Westminster Bank and NM Rothschild.

An evaluation carried out in Moscow shows that returning managers are already helping to implement change. Some are employed in the Russian office of the UK host company, while others are handling bank privatisation; one lawyer, back in Moscow, has secured a contract to draft a substantial part of the new legislation.

Places on this scheme, which is financed by the Know- How Fund, are much sought after: only one in four applicants are chosen by the British Council in Moscow, after rigorous scrutiny.

'It's seen as the Rolls-Royce of training schemes - we take the cream of the crop,' explains Joanne Thomas, project manager. 'As well as good written and spoken English, candidates must have the ability to adopt new ideas and adapt to change. They already have two years' experience of financial services, so they have an idea of what a market economy means.'

Morgan Grenfell has supported the scheme since it began last year. The first manager had a banking background; he returned to join a project development bank that was starting in Moscow.

His successor, from Kiev, worked in an economics unit of the Ukrainian government; here she is attached to Morgan Grenfell's East European unit, which advises the Ukrainian government on privatisation.

Martin Drain, personnel manager, expects his company to place more managers. 'In addition to some technical knowledge they understand the east European culture,' he says.

On arrival in Britain managers spend one month at a university business school for market orientation and to acquire the language of business. Most attachments are in London, with a few in Leeds and Scotland. Consultants are also marketing the scheme to enable the British Council to add to its employers.

British Gas, the British Airports Authority and Clifford Chance, a City firm of solicitors, will take part for the first time by playing host to some of the November contingent.

Clifford Chance, which has offices in Budapest, Warsaw and Moscow, also runs a scholarship scheme with the Foreign Office and University College London.

Lawyers from the CIS, Poland, Hungary, the Czech republic and Slovakia spend a year at UCL to gain a master's degree in law, followed by a year with the company.

'We are creating a pool of lawyers in each country who will realise what the West expects of a lawyer and how they work,' says Tony Williams, a partner.

(Photograph omitted)

Start your day with The Independent, sign up for daily news emails
Barn owls are among species that could be affected
charity appeal
Sarah Silverman (middle) with sister Reform Rabbi Susan Silverman (right) and sister actress Laura Silverman (left) at Jerusalem's Western Wall for feminist Hanuka candle-lighting ceremony
peopleControversial comedian stages pro-equality Hanukkah lighting during a protest at Jerusalem's Wailing Wall
Arts and Entertainment
The Bach Choir has been crowned the inaugural winner of Sky Arts’ show The Great Culture Quiz
arts + ents140-year-old choir declared winner of Sky Arts' 'The Great Culture Quiz'
After another poor series in Sri Lanka, Alastair Cook claimed all players go through a lean period
cricketEoin Morgan reportedly to take over ODI captaincy
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Carlton Senior Appointments: Private Banking Manager - Intl Bank - Los Angeles

$200 - $350 per annum: Carlton Senior Appointments: Managing Producer – Office...

Carlton Senior Appointments: San Fran - Investment Advisor – Ind Advisory Firm

$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...

Sheridan Maine: Commercial Finance Manager

Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...

Sheridan Maine: Regulatory Reporting Accountant

Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...

Day In a Page

Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas