Changes in Alliance Bank management

29.03.10 18:34
/KASE, March 29, 10/ - Alliance Bank (Almaty), bonds of which are listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press release of March 29, 2010: Quotation begins Alliance Bank informed - National welfare fund Samruk-Kazyna on March 25, 2010 early terminated tenure of independent director Peter Briggs on his own request. Therewith, Tomas Grasse was elected as independent director; his name was proposed by the Creditors Committee*. Tomas Grasse has extensive experience as a manager in finance industry. He was a member of the Board of directors and a member in Monitoring Council in several banks in Europe and CIS; he has been working as a manager since 1974 in the UniCredit Group/HypoVereinsbank AG. * Creditors Committee: Asian Development Bank, Calyon, Commerzbank Aktiengesellschaft, DEG (Deutsche Investitions- und Entwicklungs- mbH), JP Morgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation Europe Limited, Wachovia Bank N.A., ING Asia Private Bank Limited and HSBC Bank plc Contact: Press Service of Alliance Bank Tel. +7 (727) 258 40 40 E-mail: Website: Ends [2010-03-29]