Members of the Board of Directors

Born in 1983 

Citizen: Republic of Kazakhstan

Education:

Kazakhstan Institute of Management, Economics, and Forecasting (2004), International Business Academy, Master of Business Administration (2008).

Employment information:

• From 2004 to 2007, he held the positions of Manager, Chief Manager, Head of the Department of Project Analysis of the Development Bank of Kazakhstan JSC.
• From 2007 to 2011 – Managing Director – Member of the Management Board of DBK-Leasing JSC.
• From 2011 to 2012, he was the Head of the Foreign Economic Activity Department of the Petroleum and Petroleum Products Marketing Department of Petroleum Operating LLP.
• From 2012 to 2013 – Chairman of the Management Board of Credit Systems LLP. 
• From 2013 to 2015 – Deputy General Director, General Director of Sberbank Leasing LLP.
• From 2015 to February 2019 – Deputy Chairman of the Board of KazAgroFinance JSC.
• From February 2019 to May 2019 – General Director of Grain Consortium of Kazakhstan LLP. 
• From May 2019 to 2021 – Deputy Chairman of the Management Board of «Baiterek» NMH» JSC. 
• From 2021 to 2024 – Director of Grain Consortium of Kazakhstan LLP, owner of Ushtobe Et LLP, co-owner of QZQ Development LLP, KTK Group LLP and Kazakh Agro Production. 
• Since February 2024 – Chairman of the Management Board of «Baiterek» NMH» JSC.
• By the decision of the Board of Directors of the Bank dated January 29, 2025, he was elected Chairman of the Board of Directors of the Bank.

Other positions held:

• Member of the Board of Directors, Representative of the sole shareholder of Damu Entrepreneurship Development Fund JSC (from 2024/03/13);

• Member of the Board of Directors, Representative of the sole shareholder of Development Bank of Kazakhstan JSC (from 2024/03/13).

Does not own any shares of Development Bank of Kazakhstan JSC and does not have a share of owned shares of affiliated companies, suppliers, and competitors of the company. 

Born in 1984 

Citizen: Republic of Kazakhstan

Education:

In 2005, he graduated with honors from T. Ryskulov Kazakh Economic University with a degree in Finance and Accounting. In 2004, he studied at the International Academy of Business, specializing in the management module of the MBA program (professional manager). In 2008-2009 he studied at the London Business School as part of the Bolashak international program, where he received a master's degree in finance (corporate finance). 

Employment history:

• Marat Yelibayev began his professional career in 2004 at the Big Four company Deloitte as an auditor and senior auditor, where he audited projects in the metallurgy, mining, oil and gas, transport and logistics sectors, as well as state-owned companies. 
• From 2007 to 2010, he continued his career path at PricewaterhouseCoopers as Manager of the Mergers and Acquisitions Department.
• In 2010-2014, he held the position of Investment Director/Vice President at CITIC Kazyna Investment Fund I L.P. 
• Held the position of Chief Banker in the Eurasia, Middle East and Africa Energy Department of the European Bank for Reconstruction and Development (EBRD) since 2014, where he was responsible for the development of the EBRD's renewable energy program in Kazakhstan.
• From February 2022 to December 2023, he worked as Deputy Chairman of the Board of the Bank.
• From December 4, 2023 – Chairman of the Management Board, Member of the Board of Directors of Development Bank of Kazakhstan JSC.
  

Doesn't own shares of JSC «Development Bank of Kazakhstan» and doesn't own shares of affiliated companies, suppliers and competitors of the company.

Born in 1982

Citizen: Republic of Kazakhstan

Education:

KIMEP University NJSC, Almaty), bachelor of Business Administration and Accounting (2000–2004).

Employment history:

• 2002 to 2005, a tax consultant, analyst in Ernst & Young Kazakhstan LLP. 
• 2005 to 2013, worked as account manager, country director for corporate finance, senior key account manager, Vice president at Citibank Kazakhstan JSC.
  
• 2013 to 2024, worked on as Director, Head of Branch at Citibank Kazakhstan JSC. 
• From April, 2024 Deputy Chairman of the Management Board of JSC «National Managing Holding «Baiterek».
• By the decision of the Management Board of the National Managing Holding Baiterek Joint Stock Company dated May 30, 2024 (Minutes No. 28/24) elected as a member of the Board of Directors of the Development Bank of Kazakhstan Joint Stock Company.

Awards:

• Medal «25 Years of the Kazakhstan Railway» (2022)
• Best Financier of Kazakhstan by the Association of Financiers (2018)

Does not own any shares of Development Bank of Kazakhstan JSC and does not have a share of owned shares of affiliated companies.

Born in 1960

Citizen: Republic of Kazakhstan

Education:

Lomonosov Moscow State University (RF). Candidate of Economic Sciences.

School of Oriental and African Studies (SOAS) of the University of London (London, UK).

Employment Information:

• He started his career with teaching: from November 1987 to April 1993, he taught economic theory at the Dzhambul Irrigation and Construction Institute.
• From August 1993 to August 1996, he worked as an intern, consultant and junior banker at the European Bank for Reconstruction and Development, London (UK).
• Since August 1996 he has been working in the financial sector of Kazakhstan. He held senior positions in the National Bank, the State Investment Committee, the Investment Agency, the Ministry of Finance. He headed the Halyk Savings Bank of Kazakhstan and BTA Bank.
• From January 2004 to January 2009, he worked as Chairman of the National Bank of Kazakhstan.
• Since 2021 – Ombudsman of «Development Bank of Kazakhstan» JSC.

From October 24, 2018, he was elected as an Independent Director and member of the Board of Directors of the Development Bank JSC. Вy a decision of the Management Board of the Baiterek Holding dated March 13, 2024.

Other positions held:

Chairman of the Nominations, Remuneration and Social Issues Committee, a member of the Audit, Risk Management, Strategic Planning and Corporate Development Committees.

Since 2021 – Ombudsman of «Development Bank of Kazakhstan» JSC.

Since February 2018 – Member of the Board of Directors, Independent Director of SB Bank Home Credit JSC.

Since 2019 – Member of the Board of Directors, Independent Director of Bank CenterCredit JSC.

Since October, 2022 – Member of the Board of Directors, Independent Director of Unicorn Holdings Limited JSC.

Does not own any shares of Development Bank of Kazakhstan JSC and does not have a share of owned shares of affiliated companies.

Born in 1968

Citizen: Republic of Kazakhstan

Education:

In 1990 he graduated from Moscow State University named after M.V. Lomonosov with a degree in Political Economy, in 1994 - a master's degree from Washington University in St. Louis with a degree in Business Administration.

Employment history:

Yelemesov A.R. started in 1990 in Kazakhintorg RO as an economist.

• From August 1991 to August 1992, he held the position of Deputy General Director of the Representative Office of Corus International Co LTD.

• In the period from 1994 to 1996 he worked at Kazkommertsbank JSC.

• From April 1996 to August 1998, he held the positions of Deputy Chairman of the Board of Bank Caspian JSC, Bank TuranAlem JSC, Halyk Savings Bank of Kazakhstan JSC.

• From August 1998 to February 2004 – Vice President, President in the investment company DB Securities (Kazakhstan) JSC, a subsidiary of the German Deutsche Bank.

• From February 2004 to February 2006, he held the position of Deputy Chairman of the National Bank of the Republic of Kazakhstan.

• From February to November 2006 – Vice Minister of Finance of the Republic of Kazakhstan.

• In 2000-2003, 2007 was a member of the Board of Directors of Kazakhstan Stock Exchange JSC.

• From December 2006 to April 2008, he held the positions of Deputy Chairman of the Board, Advisor to the Chairman of the Board, member of the Board of Directors of Halyk Bank of Kazakhstan JSC.

• From June 2008 to November 2013 – Advisor to the Chairman of the Management Board, Chairman of the Board of Directors of Troika Dialog Kazakhstan JSC.

• In the period from September 2013 to June 2016 – Chairman of the Financial Sector Committee of the Presidium of Atameken NCE.

• From June 2014 to April 2016 – Chairman of the Board of Directors of the Association of Financiers of Kazakhstan.

• 2014–2016 – member of the Board of Directors – Independent Director in Unified Accumulative Pension Fund JSC, JSC Unified Securities Registrar.

• 2016-2018 – Independent Director on the Board of Directors of National Managing Holding KazAgro JSC.

• 2017-2018 – member of the Board of Directors - independent director in Kazkommertsbank JSC.

• 2018-2021 – Independent Director in the Board of Directors of Damu IDF JSC.

• 2019-2022 – member of the Board of Directors – independent director in Kazakhstan Mortgage Company JSC.

• From September 2019 to December 2, 2024 – Head of the branch of the Analytical Credit Rating Agency ACRA at the Astana International Financial Center (AIFC). 

• From May 2020 to December 1, 2024 – Member of the Board of Directors - Independent Director at Bereke Bank JSC (formerly SB Sberbank of Russia JSC). 

• By the decision of the sole shareholder of the Bank dated March 26, 2025, he was elected an independent director and a member of the Board of Directors of Development Bank of Kazakhstan JSC.

Other positions held:

• Member of the Board of Directors – Independent Director, UAPF JSC.

Does not own any shares of Development Bank of Kazakhstan JSC and does not have a share of owned shares of affiliated companies.