E. Tazhiyakov appointed CEO of Tsesnabank

/KASE, April 25, 2016/ – Tsesnabank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement of April 22, 2016: quote As of April 22, 2016 Erzhan Tazhiyakov, former First deputy Chairman of Tsesnabank's Management Board, was appointed the Chairman of Management Board of Tsesnabank. Chairman of Board of Directors of Tsesnabank Dauren Zhaksybek commented on this appointment: "Personal circumstances of Rustam Yakupbaev unfortunately led to personnel changes in the Bank. I highly appreciate the competence of R. Yakupbaev, thank him for the great contribution to the activities and development of the Bank. During our 6-yer joint work the Bank advanced to leading positions". E. Tazhiyakov in various years occupied executive positions in HSBC Bank Kazakhstan, Development Bank of Kazakhstan, Halyk Savings Bank of Kazakhstan, Kazkommertsbank, as well as in national companies. Since 2013 he had been deputy Chairman of Management Board, First deputy Chairman of Management Board, and chief risk manager of the Bank. unquote [2016-04-25]