Yerlan Balgarin was appointed as the Chairman of the Board of Centras Securities (Kazakhstan)

/KASE, February 26, 07/ - The press service of Centras Securities JSC (Almaty) has spread today the press release, saying: Quotation start The managing company Centras Securities JSC has announced about replacement in the leadership. The Council of Directors of the Company has approved this decision. Since February 26 2007 Yerlan Balgarin has been appointed as the new Chairman of the Board o Centras Securities JSC, who earlier headed the Department of Corporate Finance in the company. Mr. Balgarin has entered into the management of the company since the first days of its foundation and has a big experience of work in the sphere of financial services. Before to gain the position of the Chairman of the Board in Centras's team, Yerlan Balgarin was a member of the Board and directly coordinated the Department of Corporate Finance, in particular, deals concerning shares and bonds issue for local middle-sized companies. Moreover, Mr. Balgarin is the Member of the Council of Directors of the insurance company of Centras Insurance JSC. Mr. Balgarin started his seniority in the tax department of the company Deloitte & Touche. Afterward, in 1999 he joined to personnel of Kazkommertsbank, in which he coordinated the department of the Corporate Finance. Since 2002 to 2004 Yerlan was the Managing Director of Kazkommertsbank Securities JSC and coordinated the Department of Structural Finance. Yerlan Balgarin within two years carried the position of the Chief of the Working Group for Corporate Management at the Association of financiers of Kazakhstan. The Working Group under his leading hand performed a big job to promote the Corporate Management in Kazakhstan. Mr. Balgarin was responsible to hold two international conferences concerning the corporate Management, which took place in October 2005 and November 2006. Yerlan Balgarin is also the Director of the recently founded Centras Financial LLP, which is the new partaker of the Regional financial center of Almaty. "Centras will keep working for prosperity and attraction of clients. In order to gain the intended purposes, we base upon principles to perfect financial services for different companies," Yeldar Abdrazakov, the Chairman of Council of directors says. Yerlan Balgarin notes that Centras Securities JSC will meet further growth and development, footed in the principle "all for clients" and pioneer competitive services and projects. The new staff of the Board of Centras securities JSC is represented by Isagaly Konysbaev, the deputy of the Board, Dmitriy Zherebyatyev, the deputy of the Board and Aigul Tiesova, the chief accountant of the company. The new leadership plans to increase the trading turnout of the company, to keep leading positions in the field of asset management, and also to go on performing their aim to implement the international experience and practice into the local business. Quotation end [2007-02-26]