Samruk-Kazyna JSC Appoints Bakytzhan Sagintayev as Chairman of its Board of Directors

Prime Minister of Kazakhstan Bakytzhan Sagintayev was appointed as chairman of the board of directors at the National Wealth Fund Samruk-Kazyna JSC by a government resolution dated September 28, 2016. Bakytzhan Sagintayev replaced in this position Karim Massimov, the former prime minister, who was appointed on September 8, 2016 chairman of the National Security Committee (KNB).

Bakytzhan Sagintayev

Prime Minister of the Republic of Kazakhstan-Chairman of the Board of Directors of «Samruk-Kazyna»

Bakytzhan Sagintayev was born on October 13, 1963 in Talas district of Zhambyl region.

He graduated from the Kazakh State University, candidate of economic sciences.

He began his career as a teacher in the political economy department of the Almaty Institute of National Economy.

In 1988-1992, he worked in the Kazakh State University and advanced in his career from assistant to assistant professor of the sociology department.

From 1992 to 1998 he was in business.

In 1998, he was appointed Deputy Governor of Zhambyl region.

In 1992-2002, he held the post of the Deputy Chairman of the Agency for Small Business Support, Deputy Chairman of the Agency for Regulation of Natural Monopolies, Competition Protection and Small Business Support of Kazakhstan.

In 2002-2004, he served as the First Deputy Chairman of the Agency for Regulation of Natural Monopolies and Competition Protection of Kazakhstan.

From 2004 to 2007, he chaired the Agency for Regulation of Natural Monopolies of Kazakhstan.

In 2007-2008, B.Sagintayev headed the Prime Minister’s Office of Kazakhstan.

On September 30, 2008, he was appointed Governor of Pavlodar region.

On January 20, 2012, he was appointed Minister of Economic Development and Trade of Kazakhstan.

On September 24, 2012, he became First Deputy Head of “Nur Otan” National Democratic Party.

On January 16, 2013, by the Decree of the President he was appointed First Deputy Prime Minister – Minister of Regional Development of Kazakhstan.

B.Sagintayev was awarded “Kurmet” order and anniversary medals.

He is an author of a number of scientific works, publications on state regulation of the natural monopolies, small and medium business development.

B.Sagintayev is married and has two children.

By the resolution of the Government of Republic of Kazakhstan  dated 28 September, 2016  appointed as the Chairman of the board of directors of JSC «Samruk-Kazyna».