Rustam Nabirov appointed as the managing director of Kazkommertsbank JCS

/IRBIS, December 12, 2011/ - The Board of Directors of JSC "Kazkommertsbank" elected a new board member - Managing Director Rustam Nabirov, who will oversee the risk management of the bank, reports the press service of the bank. As indicated, approval of a new member of the board of control will be exercised by the bank in the manner and terms established by law. Rustam Nabirov, age 34, has a diploma of KazNU n/a Al-Farabi on the specialty "international economic relations", as well as an MBA from Emory University, USA. In 2001-2004 he worked as credit analyst in UAB "DAB "ABN AMBRO Bank of Kazakhstan". His career in the JSC "Kazkommertsbank" began in 2004 as chief of the analysis of project finance department, and later he headed various departments associated with lending to corporate customers (2005 - 2010), and from 2010 served as director of the department of risk management. JSC "Kazkommertsbank" is one of the largest banks in Kazakhstan and Central Asia. The bank's assets at September 30, 2011 amounted to KZT 2,673.8 billion. The bank has subsidiaries operating in the field of pension insurance, pension fund management assets, insurance and brokerage services. The bank also has subsidiaries in the Russian Federation, Tajikistan and Kyrgyzstan. Major participants of the bank are: JSC "Central Asian Investment Company", Mr. Subkhanberdin N.S., JCS "Alnair Capital Holding", "SWF "SK", European Bank for Reconstruction and Development. Bank shares are listed on JSC "Kazakhstan Stock Exchange" (KASE). Global Depository Receipts, the underlying asset of which are shares of the bank (GDR) are listed on the London Stock Exchange (LSE). Bank was the first among the CIS banks to complete an IPO in the form of GDRs on the London Stock Exchange in November 2006 for a total of $ 845 million. [2011-12-12]