Eagle Gates Group, an asset management firm based in the US, has announced plans to expand in India and Russia.
Eagle Gates Group chief executive director Eddy McClough said that the company intends to grow their financial services space across multiple geographies, with expansion plans for India and Russia next in the pipeline.
The size of both the countries alonside their expanding domestic markets and effective use of policy space offers expansion potential, McClough said.
According to McClough, India’s rapidly growing population and dynamic economy has the potential to eventually overtake China to become the largest in the world.
“India is also actively encouraging the entrance of foreign players into the market and its positive demographics and rapidly growing economy make it a great opportunity for international investors," he said.
Similarly, Russia’s economy is projected to grow to about $4 trillion in 2019, McClough stated.
“Rich in natural resources, Russia has an enormous population of 142 million citizens with personal incomes that are growing an estimated 10% to 15% each year,” he said.
According to McClough, the countries are also well-equipped to handle the worst adverse external environment.