New Head Of Kazyna Capital Management Appointed

New Head Of Kazyna Capital Management Appointed

National Holding (NMH) Baiterek Board appointed Askar Dostiyarov Chairman of the Board of Kazyna Capital Management JSC, reports KazWorld.info with reference to the press-service of NMH Baiterek JSC.

Dr. Askar Abayevich Dostiyarov, Ph.D., has 16 years of experience in finance, including foreign investment.  He served as a Member of Managing Board and Managing Director of Joint-stock Company National Management Holding Baiterek. Dr. Dostiyarov served as a First Deputy Chairman of the Management Board at Development Bank of Kazakhstan JSC since August 9, 2014 until March 18, 2016. Dr. Dostiyarov oversees issues related to investment activities of the holding and its subsidiaries and related organizations. He served as Acting Chairman of the Board and Acting Chairman of the Management Board at Development Bank of Kazakhstan JSC. From 2001 to 2013, he held various managerial positions in the companies of Meridian Capital Investment Group where he was an Investment Associate at Meridian Asset Management. From 2004 to 2008, Dr. Dostiyarov was in charge for corporate financing in Meridian Capital. Since 2008, he served as the Director General and chaired the Board of Directors in mobile telecom-service. In 2010, he returned to Meridian Capital for the position of the Managing Director. At Meridian, he structured and handled transactions on acquisition of assets, restructuring and/or further development of acquired companies in order to improve their operational activities and financial performance, and disaffiliation with such assets with a profit (M&A transactions), managed a portfolio of direct investments, participated in strategic planning and represented interests of shareholders at the level of Boards of Directors of various companies. Prior to joining Meridian Capital Limited in April 2003, Dr. Dostiyarov held various managerial positions at Kazkommerts Group in Kazakhstan where he was responsible for corporate finance activities, including all major merger and acquisition transactions, and for monitoring the existing investments of Kazkommerts Group. Before joining Kazkommerts Group, Dr. Dostiyarov worked with Deloitte & Touche and Morgan Stanley Dean Witter. In 2004, he served as the Executive Director in Visor Investment Solutions participating in team decisions with regard to analysis and structure of potential acquisitions of Kazakhstan companies. Dr. Dostiyarov serves as an Executive Director of Meridian Capital Limited. Dr. Dostiyarov serves as the Chairman of Member of the Board of Directors and Deputy Chairman of the Management Board of Kazyna Capital Management. He was previously a Director at Kazyna Capital Management. He served as a Director of Thistle Mining Inc. from June 30, 2005 to November 2005. He served as a Director of Joint stock Company Kazakhtelecom since September 14, 2009. Dr. Dostiyarov served as a Director of JSC Karakudukmunai. Dr. Dostiyarov served as the Acting Chairman at Development Bank of Kazakhstan JSC since December 2013 and served as its Director. He has considerable experience as the member of the Board of Directors in major telecommunication companies. He is the expert in corporate financing with management experience in various industries, including the telecommunications and investments. He holds a Ph.D. in Economics. Dr. Dostiyarov received an M.B.A. in Finance from George Washington University, in 2001, under Bolashak program and the University of Pennsylvania – The Wharton School (Executive Education Program), and an M.A. in Economics from Al-Farabi Kazakh State National University in 1999 and a Bachelor of International Economic Relations at Al-Farabi Kazakh State University in 1997. Dr. Dostiyarov is a Candidate of Economic Science (2008). In 2011, he completed the Management Development Program from the Wharton School of Business at the University of Pennsylvania.

Kazyna Capital Management is an investment arm of National Managing Holding Baiterek JCS specializing in direct and fund of funds investments. Within direct investments, it seeks to make private equity investments. Within fund of fund investments, the firm prefers to invest in private equity, venture capital, and infrastructure funds. It primarily invests in domestic and foreign investment funds and other projects. The firm considers investments in all industries. It seeks to invest in Kazakhstan, CIS countries, and emerging markets. Kazyna Capital Management was founded in May, 2007 and is based in Almaty, Kazakhstan.

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