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Kazkommertsbank appoints two new directors

Staff writer |
Almaty, Kazakhstan - January 20, 2015, Almaty, Kazakhstan - JSC Kazkommertsbank announces that Marc Holtzman and Kenes Rakishev were elected members of the board of directors.

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Mr. Holtzman has been elected an Independent Non-Executive Director. He has over 30 years' professional experience in economics and political and public administration.

Mr. Holtzman held positions of Vice Chairman at Barclays Capital and ABN Amro Bank, he was a co-founder and President of MeesPierson EurAmerica, Senior Adviser to Salomon Brothers, Chairman of Meridian Capital Hong Kong.

Mr. Holtzman was the first Secretary of Technology in the Cabinet of the Governor of Colorado and President of the University of Denver.

Mr. Holtzman acted as a member of the Board of Directors of Kazyna Sustainable Development Fund in 2006-2008.

During 1989-1998 he lived and worked in the Eastern Europe and Russia, recently he lived in Hong-Kong. He is also a member of the Board of Directors in a number of large international companies.

Mr. Holtzman holds a Bachelor of Arts degree in Economics from Lehigh University.

Mr. Rakishev has been elected a Non-Executive Director.

He has been Chairman of the Board of Directors of JSC BTA since 14 February 2014. Mr. Rakishev began his professional career in 1998.

Mr. Rakishev has been Chairman of the Board of Directors at JSC SAT & Company since 2006, and at Net Element International, a US technology company, since 2012.

In addition he holds directorship positions at various major Russian and Kazakh industrial companies.

It is expected that he will become a new major shareholder of Kazkommertsbank.

Mr. Rakishev graduated from the Kazakh State Academy of Management in 2000, and Ryskulov's Kazakh Economic University in 2002 with a degree in Law and Economics.

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