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 Bank’s corporate governance, approving its strategic and operational plans. The Board of Directors does not perform executive functions. Overall responsibility for the management of the Bank's business is vested in the Management Board.
Chairman of the Board of Directors, Independent Director
Mr. Arman Dunayev is a holder of PhD in Economics. He has an extensive experience in public and private institutions and in the financial market.
He graduated from the Kazakh State University n.a. S.M. Kirov with major in Political Economics (1988) and has the doctoral degree from the Moscow State University n.a. M.V. Lomonosov (1991).
He started his career in public sector in 1992 as the chief specialist, Head of Foreign Economic Relations Unit of the Administrative Office of the Head of Shymkent Regional Administration. In 1993 he held various positions in the Astana-Holding starting from the position of chief specialist of the financial unit with further promotion to the Head of Investment Programs Division. In 1998 he was invited to Bank Turan Alem (BTA) for the position of the Head of Investment and International Programs Division. In 2000 he supervised the International Financial Institutions Division of BTA.
In 2000 Mr. Dunayev continued his career in the public sector in the position of the Acting Director of the Public Debt and Lending Department of the Ministry of Finance of Kazakhstan. Further on he was the Director of the Public Borrowings Department (2000–2001), Vice-Minister of Finance of Kazakhstan (2001–2002). In 2002 he was the Vice-Minister of Economic Affairs and Budget Planning of Kazakhstan. In 2003 he was elected as CEO of the National Innovation Fund.
In 2004 Mr. Dunayev was the First Vice-Minister of Finance of Kazakhstan, and later was appointed the Minister of Finance of Kazakhstan. In 2006 he was the Chairman for the Agency for the Regulation and Supervision of the Financial Market and Financial Organizations. In 2008 he became the CEO of the Sustainable Development Fund “Kazyna”. After merger of the Fund with “Samruk” Public Assets Management Holding in 2008 Mr. Dunayev became the Deputy CEO of newly created “Samruk-Kazyna” National Wealth Fund, and later in 2011-2012 he was the Advisor to the CEO of the “Samruk-Kazyna” National Wealth Fund.
Mr. Dunayev was a member of the Board of Directors in various domestic and foreign institutions. He was the Chairman of the Board of Directors at BTA Bank (2009–2011), Deputy Chairman of the Board of Directors at Şekerbank (2009–2013) and Chairman of the Board of Directors at Baiterek Development (December 2008-May 2016).
Mr. Dunayev is a member of the Boards of Directors of the Halyk Group companies: he has been the Non-Executive Director at Halyk Bank of Kazakhstan since 2013, the Chairman of the Board of Directors at Altyn Bank since November 2014, and the non-Executive Director at Halyk-Life and Halyk-Finance since February 2016. He has been elected the Chairman of the Board of Directors, Non-Executive Director of Kazkommertsbank since July 31, 2017.
Member of the Board of Directors
Ulf Wokurka was born in Pirna, Germany on October 31, 1962. He graduated with excellence from the Oriental Department of the International Relations Faculty of the Moscow State Institute of International Affairs (MGIMO) in 1989. Since graduation for one year Mr. Wokurka he has been working at the Western Europe Department of the Ministry of Foreign Affairs in Berlin involved into development of cultural relations with Turkey, Greece and Cyprus. Mr. Wokurka is fluent in Russian and English and advanced in Turkish language.
Later on, for 16 years in a row Mr. Wokurka was holding various managerial positions at Deutsche Bank AG, the largest financial institutions in Germany He served as a Director of Structural trade and export financing covering Middle East, Russia and CIS in Deutsche Bank’s Headquarters. Over the course of 1993-1996 Mr. Wokurka headed the regional representative offices of Deutsche Bank and Morgan Grenfell Ltd. in Kazakhstan.
In 2006, he had been invited to Kazakhstan to take a position of a Deputy CEO of “Samruk” State Asset Management Holding. During the course of the next decade Mr. Wokurka served as a Member of the Board of Directors of various public and private entities in Kazakhstan such as JSC Kazpost, JSC Development Bank of Kazakhstan, JSC Kazyna Capital Management, JSC BTA Bank and JSC Halyk Bank Kazakhstan.
From 2008 to 2010 Mr. Wokurka had been holding a position of Managing Director of Metzler, a German asset management company being in charge of international business development in Russia and CIS. Since 2010 and up until 2015 Mr. Wokurka served as a Non-Executive Director of Turkish Şekerbank T.A.Ş.
Since September 2010 up until recently Mr. Wokurka headed Deutsche Bank’s Representative Office in Almaty.
On 3 July, 2017 Ulf Wokurka has been appointed as a CEO of JSC Kazkommertsbank in accordance with a decision of the Board of Directors of the Bank
Member of the Board of Directors/Non-Executive Director
Mr. Joldasbekov has an extensive managerial experience in public and private financial institutes.
He graduated with honors from the Leningrad Financial and Economic Institute n.a. N.A. Voznesenskii with major in Finance and Credit. He is also a holder of PhD in Economics (1988).
Mr. Joldasbekov started his banking carrier in 1989 in the Almaty Central Cooperative Bank (currently Bank CenterCredit), where he supervised the Economic Analysis and Budgeting Group. In 1990 he was invited to the Invest Bank as Deputy CEO. In 1991 he started working for the International Commercial Bank “AlBaraka Kazakhstan” as the Deputy Executive President and later as Acting CEO. In 1994 Mr. Joldasbekov became the CEO of the Vernenskii Commercial Bank.
In 1995-1997 he worked as the Deputy General Director at the Kazakhstan Interbank Forex Exchange (currently Kazakhstan Stock Exchange). In 1997 he was elected the President of the Almaty Financial Instruments Stock Exchange, and in the fall of the same year he was elected as the Executive Director/Member of the National Securities Commission of the Republic of Kazakhstan (1997–1999). From 1999 through 2001 Mr. Joldasbekov acted as a CEO of the National Securities Commission of the Republic of Kazakhstan, and from 2001 to 2004 he supervised its liquidation. From 2001 through 2002 he was an Advisor of Pragma Corporation (USAID contractor) and CitiBank Kazakhstan. In 2002 he also headed the Financial Markets Directorate of the Association of Financiers of Kazakhstan. He was elected the President of Kazakhstan Stock Exchange in the same year, where he worked till 2009.
Since 2009 Mr. Joldasbekov has been a Non-Executive Director in a number of financial institutions, namely Temirbank (2009–2016), Pension Savings Fund “BTA Kazakhstan” (2009–2011), Pension Savings Fund “Ular Umit” (2010; 2011–2014), “Zhetysu” Pension Assets Management Company (2011–2012), Alliance Bank (2014–2015), ForteBank (2015–2016), Housing Construction Savings Bank of Kazakhstan (2017) and Kazakhstan Mortgage Company (2017). He has been the Chairman of the Board of Directors at the Central Securities Depository since September 2009, and the Chairman of the Board of Directors at the Integrated Securities Registrar since March 2016.
Since May 2012 Mr. Joldasbekov has been the member of the Board of Director (Stock Exchange Committee) at the Kazakhstan Stock Exchange, including the membership as the President of the stock exchange (2013-2014).
Mr. Joldasbekov has been elected the member of the Board of Directors, Non-Executive Director of Kazkommertsbank since July 31, 2017.
Member of the Board of Directors, Non-Executive Director
Mr. Askar Yelemesov graduated from the Moscow State University n.a. M.V. Lomonosov in 1990 with major in Political Economics. In 1994 he received MBA degree from the Washington University.
He has an extensive experience in public and private financial institutions. He started his career in 1990 at Kazakhintorg Republican Association, where he worked as Economist, Chief Economist of the Budgeting and Economic Unit, Senior Economist, and the Senior Expert of the Monetary and Financial Unit. In 1991,he worked at the Economic Expert Committee under the President of Kazakh Soviet Socialist Republic. From 1991 through 1992 he was the Deputy General Director at the representative office of the South-Korean Company “Korus International Co LTD”. In 1994 he worked in Kazkommertsbank in the position of Lead Specialist of the Credit Lines Unit, and later he supervised the Budgeting and Analytical Unit (1994-1995), and was the Advisor to CEO (1995-1996).
From 1996 through 1997 he worked as Deputy CEO in a number of local commercial banks: International Commercial Bank “Albaraka Kazakhstan”, “Kaspiskii” Bank and Bank Turan Alem. In 1997 he was invited to the Halyk Savings Bank of Kazakhstanto supervise the Stock Exchange Transactions Department, and later he was a Deputy CEO of the Bank. In 1998 Mr. Yelemessov worked as Vice-President, Head of the Brokerage Unit in the DB Securities (Kazakhstan), subsidiary of Deutsche Bank, and later in 1999-2004 he was the President of this institution.
In 2004 Mr. Yelemessov worked as Deputy CEO of the National Bank of Kazakhstan. In 2006 he was appointed the Vice-Minister of the Ministry of Finance of Kazakhstan. In December 2006 he worked as Deputy CEO of the Halyk Bank of Kazakhstan, and in 2007-208 he was the Advisor to the CEO of the Bank.
Mr. Yelemessov is a member of the Boards of Directors of a number of public and private financial institutions. In 2007-2013 he was the Chairman of the Board of Directors and the Advisor to CEO at Troika Dialogue Kazakhstan. From June 2007 through 2011 he was the member of the Board of Directors of the Halyk Bank of Kazakhstan. From June 2014 through April 2016 he was the Chairman of the Board of the Association of Financiers of Kazakhstan. In 2014-2016 he was a non-executive director of the Boards of Directors of the UPSF and Integrated Securities Registrar. Since June 2016 he has been the Non-Executive Director – Member of the Board of Directors at “Kazagro” National Management Holding, and since July 2016 the Chairman of the Board of Directors, Non-Executive Director of SkyBridge Invest.
He has been elected the member of the Board of Directors of Kazkommertsbank, Non-Executive Director since July 31, 2017.
Member of the Board of Directors
Ms. Aliya Karpykova graduated from the Kazakh State University n.a Al-Farabi with major in Political Economics.
She started her carrier in 1992 with the National Bank of Kazakhstan in the position of the economist at the International Settlements Unit of the Operations Division, where later she was promoted to the position of the Deputy Head of the Second-Tier Bank Reforms Division.
Thereafter, she was appointed as chief accountant in the representative office of Citibank N.A. in Kazakhstan. Upon reorganization of the Citibank Kazakhstan, she continued as Member of the Management Board-Chief Accountant. Due to the changes made to the organization chart of Citibank Kazakhstan she was appointed Chief Accountant, then Chief Accountant and Director of the Financial Control and Administrative Department.
In December 2001 she was invited to the Nauryz Bank of Kazakhstan for the position of the Managing Director. From 2002 through 2004 she was the First Deputy CEO of the Bank.
In 2004 she started working for the Halyk Bank of Kazakhstan in the position of Managing Director supervising risk management. Later she worked as the Managing Director/Director of the Risk Management Department (2005–2006), supervised the risk management activities (2007–2010), CFO (2010 – 2011). Since October 2011 she has been the Deputy CEO/Member of the Management Board of the Halyk Bank of Kazakhstan.
She was a member of the Boards of Directors of Halyk Capital, subsidiary of the Halyk Bank of Kazakhstan (2009–2012), and she has been a member of the Boards of Directors of Kazakhinstrakh (since September 2016).
She was awarded with the Kurmet (2016) and the Merited Financier (2013) orders, as well as with the “20th Anniversary of Tenge” jubilee medal (2013) for her active professional and social activities.
She has been elected the members of the Board of Directors of Kazkommertsbank since July 31, 2017.
Member of the Board of Directors
Ms. Saule Kishkimbayeva graduated from the Almaty Pedagogics Institute of Foreign Languages in 1991 with major in English and French languages.
She started her career in the banking sector in 1994 as the Specialist of the Credit Risks Division in ABN AMRO Bank Kazakhstan with further positions of the Chief Specialist of the Credit Risks Division (1996–2000), Head of the Credit Risks Division (1996), Project Manager, Head of the Retail Division (2000–2003), Deputy Head of the Operations Division (2003–2004), and Head of the Operations Division (2004–2005).
In 2005 Ms. Kiskhimbayeva was Managing Director – Director of the Corporate Lending Department #2 at the Halyk Bank of Kazakhstan. In 2009-2014 she was the Deputy CEO of the Halyk Bank of Kazakhstan.
From May 2016 through May 2017 she was the General Director of the Subsidiary of the Halyk Bank of Kazakhstan “Halyk Project”.
She has been elected the member of the Board of Directors of Kazkommertsbank since July 31, 2017.