New CEO for BTA Bank appointed 26 февраля 2014, 11:54
- Subscribe to the TengriNews news channel:
- Google News
- Яндекс Новости
- Email рассылка
- Found a bug?
- Select it and press Ctrl + Enter
New CEO of the BTA Bank Marat Auezov. Photo© Yaroslav Radlovsky
Magzhan Auezov, a Kazkommertsbank Member of the Board, has been appointed the new CEO of BTA Bank, Tengrinews reports citing the press office of the Bank.
The BTA Bank Board of Directors made a decision about early termination of the previous CEO Kadyrzhan Damitov. Mr. Damitov will continue his work as a representative of Samruk-Kazyna on the Board of Directors of BTA Bank.
Magzhan Auezov was appointed the new CEO of the BTA Bank. Mr. Auezov will remain a member of the board at Kazkommertsbank and will lead the two banks through the process of integration.
“The decision was made in the wake of the sales of BTA Bank stock by its main shareholder Samruk-Kazyna Sovereign Wealth Fund to a consortium of Kazakhstan-based Kazkommertsbank and businessman Kenes Rakishev,” BTA Bank announced.
“We are satisfied with the new appointment. The BTA management has to create practical and workable mechanisms of cooperation of two two banks before the integration actually takes place. At the same time, it is important to ensure full performance of the bank in the best interest of the already existing clients, ” Nina Zhusupova of the BTA Bank Board of Directors said.
The Chairman of BTA Bank's Board of Directors Kenes Rakishev noted that Magzhan Auezov is one of the most efficient managers in Kazakhstan's banking industry. “The BTA Bank Board of Directors hopes that his experience of working in major Kazakhstan banks would help him effectively manage and bank and find solutions in connection with the deal,” Mr. Rakishev said.
Magzhan Auezov, an alumnus of Columbia University and Georgetown University, has been a Kazkommertsbank Member of the Board since 2002.