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Yeszhan Birtanov was elected as a new Chairman of the Management Board of "National investment corporation of National Bank of Kazakhstan" JSC (NIC)

13 January 2016, 17:36

According to the Resolution of NIC’s sole shareholder as of January 08, 2016 Berik Otemurat has been resigned as a Chairman of the NIC Management Board.

Yeszhan Birtanov was elected as a new Chairman of the Management Board of NIC since January 11, 2016.

Since July 01, 2015 he had worked as a Chairman of the Management Board of the "Kazakhstan Stock Exchange" JSC (KASE). Prior to his appointment as KASE CEO, he held senior management positions at the National Bank of the Republic of Kazakhstan (NBRK) and actively participated in the creation of the National Fund of the Republic of Kazakhstan and credit risk management system. While working in the Department of Monetary operations, he was responsible for the foreign-exchange reserves and National Fund assets management with a total value of about $85 billion. Among his other achievements is the successful establishment of NIC in 2012. He holds Master’s degree in Economics from Kazakh National University and EMBA of the Lomonossov Moscow State University.

About NIC: NIC is a financial organization specialized in managing the part of foreign exchange reserves of the National Bank of the Republic of Kazakhstan, as well as other assets determined by the legislation of the Republic of Kazakhstan. Its main activities include improving asset management efficiency and increasing assets yield in the long-term. In order to achieve these goals NIC invests in traditional and alternative assets on the international financial markets with investment horizon of 10-20 years. www.nicnbk.kz

For additional information please contact Mr. Mukhamedkali Tauan, Head of Administration and Communications, +7 727 2449414, tauan@nicnbk.kz,

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