KKB announces new Management Board members
29.12.2009
29 December 2009, Almaty, Kazakhstan. Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia, announces new members to the Management Board: Mr. Sergey Mokroussov as Managing Director in charge of international business and Mr. Amar Hanibal, Managing Director responsible for market and corporate credit risks.
Sergey Mokroussov, 40, joined Kazkommertsbank in 2003, since then he has held various senior positions in corporate banking including product development and project finance. Since July 2008 and up until recently he was an Executive Director responsible for relationships with financial institutions.
Mr. Mokroussov graduated from Pavlodar State University with a degree in economics and management. He received his MBA from Dartmouth College (USA).
Mr. Hanibal, 35, was appointed as a Director of Risk Management Department in 2008. He has extensive banking experience in risk management and corporate lending. Since 1999, Mr. Hanibal held various positions in ABN AMRO in Amsterdam, Chicago and London.
Mr. Hanibal graduated from European University in Brussels in 1998 with a degree in economics. He received his MBA from Harvard Business School (USA) in 2007.
The Bank will apply to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Markets and Financial Organisations (AFN) for all necessary approvals for new members to the Management Board in accordance with the established procedures and legislation.
About Kazkommertsbank
Kazkommertsbank (KKB) is one of the largest banks in Kazakhstan and Central Asia with total assets of KZT 2,787.1 billion (US$ 18.5 billion equivalent) at 30 September 2009.
In addition to its core banking business (retail and corporate) KKB has subsidiaries active in pension fund management, asset management, insurance and brokerage. KKB also has foreign subsidiaries in the Russian Federation, Kyrgyzstan and Tajikistan.
Major shareholders of Kazkommertsbank include Central Asian Investment Company and Chairman of the Board Mr. Nurzhan Subkhanberdin, Alnair Capital Holding, the Kazakh Government through the Samruk-Kazyna National Welfare Fund and the European Bank for Reconstruction and Development,.
KKB’s predecessor, Medeu Bank, was founded in July 1990, and re-registered as Kazkommertsbank in October 1991. KKB completed an IPO in GDR form on the London Stock Exchange in November 2006, the first CIS bank to do so, in a deal totaling $845 million. The Bank’s shares are listed on the Kazakhstan Stock Exchange.
Further information can be found at http://en.kkb.kz
Contacts:
Aliya Nursipatova, Head of Investor Relations
+7 (727) 258-51-25, E-mail: investor_relations@kkb.kz
Larissa Kokovinets, Director of Public Relations
+7 (727) 258-54-56, E-mail: pr@kkb.kz
Merlin +44 20 7653 6620
Toby Bates +44 7747 607 768
Leonid Fink +44 7939 071 270