Management of the bank

According to the Charter, the Bank has a Board of Directors, Management Board and external independent Auditors. Shareholders elect the members of the Board of Directors. In turn, the Board of Directors elects the members of the Management Board. The Board of Directors represents the interests of shareholders and is responsible for the general management of the Bank, approving its strategic and operational plans. The Board of Directors does not perform executive functions. Overall responsibility for the administration of the Bank's current activities is vested in the Management Board.

Board of Directors
Chairman of the Board of Directors
		Nurzhan S. Subkhanberdin has served as Chairman of the Board of Directors since September 2002. Prior to that he was Chairman of the Management Board of the Bank, having been appointed to that position in 1993. From 1991 to 1993, he was a First Deputy Chairman of the Bank. Mr. Subkhanberdin graduated from Moscow State University and has a degree in economics from Kazakhstan State University (‘‘KSU’’).
Members of the Board of Directors
		Daulet H. Sembaev has been Deputy Chairman of the Board of Directors since 2002 and was Chairman of the Board of Directors and Advisor to the Chairman of the Management Board from 1999 to 2002. Mr. Sembaev is a former Chairman of the NBK, President of the Kazakhstan Association of Financiers and a member of Parliament. He has also held other positions with different government bodies and private companies. Mr. Sembaev graduated as an engineer from the Kazakhstan Mining Institute in 1958.
		Nina A. Zhussupova has been a member of the Board of Directors since September 2002. Ms. Zhussupova is the Chairman of the Management Board. Since joining the Bank in August 1995, she has served as First Deputy Chairman of the Management Board, Manager of the Accounts Office and Chief Accountant of the Bank. She holds a degree in economics from the Almaty Institute for National Economy (‘‘AINE’’).
		Gail Buyske  has been a member of the Board of Directors since October 2003. Ms. Buyske acts as an independent Director. Prior to joining the Board, she held the position of Senior Banker with the EBRD. She also worked as a Consultant to the World Bank and as a Vice President of Chase Manhattan Bank. Ms. Buyske holds a doctorate in political science from Columbia University, a master’s degree in international relations from Princeton University and a degree in Russian studies from Middlebury College.
		Mukhtar S. Yerzhanov was elected in 2008 as an independent director for 1 year. Mr. Yerzhanov has extensive experience in audit and accounting. He is a partner of an audit company, a professor of the Kazakh Economics University and the Turan University, as well as a Chairman of the Committee on Development of Audit Theory and Practice under the Chamber of Auditors of Kazakhstan. In addition, Mr. Yerzhanov is the President of the Guild of Internal Auditors and Accountants.
		Archag Patrick Vosgimorukian is the General Director of AMUN Capital Advisors KZ, an affiliate of Alnair. From 2007 to 2008 he worked as Managing Director at Renaissance Capital Central Asia, where he was responsible for investment banking and finance in Central Asia and the Caucasus. Previously, from 2000 to 2007 he was Head of Mergers & Acquisitions in CEE and CIS, ABN AMRO Corporate Finance London Ltd. Prior to that, from 1998 to 2000 he worked as an EMEA TNT (Technology, Media, Telecommunications) Equity Research Analyst for the Middle East and Africa at Societe Generale Securities. In 1994 he graduated with a bachelor degree in International Relations from the American University in Paris (AUP, Paris, France); and in 1998 he completed Customer Function-CF30 (Investment Advisor Function-CF21) with the Financial Services Authority (FSA, London, UK).
		Sergei Shibaev has worked as an advisor to several multinational companies, including BP, Mars, Unilever, Hewlett-Packard, Johnson & Johnson and Heinz. Currently he acts as Chair of the Audit Committee at RESO-Garantia (the largest insurer in Russia); Chair of the Strategy Committee and Member of the Audit Committee at Sotsgorbank (Moscow, Russia); and Chair of the Audit Committee and Member of the Risks Committee at AK BARS Bank (Kazan, Russia). During the period 2004-2007 Mr. Shibaev worked as Partner/Deputy Head of the Moscow/CIS Office of Roland Berger Strategy Consultants GmbH (a leading international strategy consultancy with 36 offices in 25 countries). Before that, from 1999 to 2000 he was Vice-President and Director at Deloitte & Touche Corporate Finance Inc (Toronto, Canada), and from 1998 to 1999 he acted as a Head of Corporate Finance/First Deputy CEO at ING Barings (Moscow). In 1990-1997 Mr. Shibaev worked as Managing Partner and Partner at Coopers & Lybrand in USSR and Russia. He has an MBA from The Henley Management College, UK, a PhD in Economics from MGIMO, Russia, and is a Fellow of the Association of Chartered Certified Accountants (ACCA, UK, 1995).

The Management Board