Igor Karpachev becomes Managing director of Caderus Capital. Igor will be focusing on providing financial solutions in Switzerland for Russian and Chinese clients of Caderus Capital.

Igor has an extensive experience at management and top-management levels in various client-oriented businesses in a number of countries in Europe, Asia and Africa.

On paper, there’s no good reason to invest in Russia right now. The country’s dealing with a collapsed currency, plunging oil prices, recession, conflict in Ukraine, sanctions, and a government that’s hard to predict. The MSCI Russia Index lost almost half its value last year, and those losses could continue in 2015 and even into 2016. On Monday, as fighting in Ukraine intensified, the ruble dropped another 2.3 percent against the dollar, to its lowest level since Dec. 16.