First Heartland Jusan Bank announces changes in composition of the bank's management

10.08.23 17:23
/KASE, August 10, 2023/ – First Heartland Jusan Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated August 10, 2023: quote On 10th August 2023, First Heartland Jusan Bank JSC (Jusan Bank) held an Extraordinary Shareholders Meeting (EGM), in which a new Board of Directors was elected, and executive management appointed. Galimzhan Yessenov was elected as Chairman of the Board of Directors. He will be joined on the board by Independent Directors Zharkynbek Azbekov and Sanzhar Zhamalov, who remains in place. The Management Board consists of Irina Merzlyakova (acting CEO), Askar Khamidullin and Galiya Makhanova. Other Management Board members will be appointed in due course. In addition, the Bank and the shareholders have approved a settlement, between Galimzhan Yessenov and British entity Jusan Technologies Ltd (JTL). Under the settlement, JTL's assets were returned under the jurisdiction of the Republic of Kazakhstan. Following the settlement, judicial proceedings in Kazakhstan, the US and the UK involving the Republic of Kazakhstan, Jusan Technologies Ltd and Yessenov are being closed with no admission of guilt, liability or wrongdoing. unquote This information is available in Kazakh, Russian and English – https://kase.kz/files/emitters/TSBN/tsbn_relizs_100823.pdf [2023-08-10]