The head of UlarUmit accumulative pension fund changed

/INTERFAX-KAZAKHSTAN, Almaty, May 16, 07/ - In accordance with changing post of Dabyr Medetbekov for another post, by the decision of the Board of directors of Accumulative pension fund UlarUmit JSC Gulnara Alimgaziyeva has been appointed the head of the fund. UlarUmit pension fund is one of the biggest accumulative pension funds on Kazakhstan pension market. By the size of pension assets the fund takes one of the leading places in Kazakhstan accumulative pension system, making 18%-stake of the whole pension assets market. As at May 1, 2007 the fund's pension assets reached 172 bn. 342 m. tenge, number of served depositors exceeds 1 m. 300 th. persons. Since activity-start amount of payments from the pension fund makes over KZT7.6 bn. For the whole activity period and as at May 1, 2007 the accrued investment income has exceeded 48 bn. 573 m. tenge. Over 50% of the fund's pension assets have been invested in corporate issuers' shares and bonds listed under "A" category, mortgage bonds, bonds of Development Bank of Kazakhstan, second-tier banks deposits. UlarUmit's shareholders are the biggest bank and domestic enterprises, which are actively developing in various sectors of economy, such as: Kazkommertsbank, Kazakhtelecom JSC, Vneshinvest Company LLP, Terminal LLP etc. Investment management of UlarUmit's assets is carried out by PAIMO Zhetysu JSC. [2007-05-17]