VIII Conference Capital Markets Kazakhstan

A practicing entrepreneur with 15 years of experience in creating and scaling businesses in IT, education and the crypto industry. IT, AI and Blockchain Consultant,...

A practicing entrepreneur with 15 years of experience in creating and scaling businesses in IT, education and the crypto industry. IT, AI and Blockchain Consultant, Commercial Director of Royal.inc

20+ years of experience in various Emerging Markets with Dresdner Bank, Deutsche Bank, UBS and now Barclays. Serviced institutional clients with structured solutions both for...

20+ years of experience in various Emerging Markets with Dresdner Bank, Deutsche Bank, UBS and now Barclays. Serviced institutional clients with structured solutions both for asset side products and liabilities across various geographies and client groups. Most recently particular focus on distressed and frontier markets.

Since 2023 — Head of Digital Financial Assets at Bereke Bank. Before joining Bereke Bank, he held the position of Director of Innovations at the...

Since 2023 — Head of Digital Financial Assets at Bereke Bank. Before joining Bereke Bank, he held the position of Director of Innovations at the Central Bank of the Russian Federation. My career development strategy was to alternately work on the side of IT contractors and customers, which is why I understand the pain points of both sides of business relations. I have extensive experience in building large infrastructures, developing business processes and managing large cross-functional teams. I have an MBA in strategic management (MIRBIS, Moscow), and graduated from Vladimir State University with a degree in Information Systems and Technologies.

I lead the strategic design, implementation, and piloting of the Digital Tenge platform — Kazakhstan's central bank digital currency (CBDC) initiative — in coordination with...

I lead the strategic design, implementation, and piloting of the Digital Tenge platform — Kazakhstan's central bank digital currency (CBDC) initiative — in coordination with the National Bank of Kazakhstan and other government entities. My work focuses on integrating programmable money into public finance and building the legal, technical, and operational foundations for national-scale CBDC usage.

He began his professional career at the Exchange in 2020 as a Specialist in the Department for Work with Issuers and Investors, where he was...

He began his professional career at the Exchange in 2020 as a Specialist in the Department for Work with Issuers and Investors, where he was responsible for supporting issuing companies and fostering cooperation with market participants. In 2022, he was promoted to Senior Specialist, and in 2023 to Chief Specialist of the Department for Work with Issuers and Investors, where he oversaw key projects related to the development of the stock market and investor relations. Since September 2024, he has held the position of Deputy Head of the Client Relations Office at KASE, responsible for strategic client engagement, expanding the partnership base, and introducing new services for market participants. Education He earned his degree at Taylor's University (Malaysia, Kuala Lumpur), graduating with a Bachelor's in Accounting and Finance.

Alexander Budarin has been working at Cbonds since 2019, currently is the head of Emerging Markets content group, and also Product Owner for the...

Alexander Budarin has been working at Cbonds since 2019, currently is the head of Emerging Markets content group, and also Product Owner for the Cbonds Add-in. The area of responsibility includes the quality of coverage on Emerging Market bonds and the stability of the Add-in. Graduated with a bachelor's degree from the Central University of Finance and Economics (Beijing) in 2019, in 2021 graduated with a master's degree in Applied Economics and Mathematical Methods at the Higher School of Economics.

Aydin Dauletbak has more than 20 years of experience in the financial market. In 2022, he was appointed Director of the Securities Market Department of...

Aydin Dauletbak has more than 20 years of experience in the financial market. In 2022, he was appointed Director of the Securities Market Department of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market. He began working in the financial market regulation system as a Chief specialist and Head of Consolidated supervision and Risk management systems Division (2004 - 2007), Head of Regulation methodology Division (2008 - 2011). From 2016 to 2021 he was the Chief Financial Officer of the Kazakhstan Stock Exchange. Over the years, he worked in project financing of the Eurasian Development Bank, in asset management of Samruk-Kazyna Finance, and held senior positions in private financial companies. Aydin Dauletbak graduated from the Kazakh Economic University named after T. Ryskulov, has an MBA degree from the Master's Degree of the National Bank of Kazakhstan, as well as a Master's degree in Project Management from the National University of Singapore (NUS).

Alisher brings over 30 years of experience in international finance, with a proven track record across advisory, investment banking, venture capital, private equity, and investment...

Alisher brings over 30 years of experience in international finance, with a proven track record across advisory, investment banking, venture capital, private equity, and investment management. He is the founder of AD Wealth, a family office investment firm focused on global emerging and frontier markets. Prior to this, Alisher held senior positions at prestigious institutions like Credit Suisse First Boston, Lazard, Renaissance Capital, Strategy&, PwC, and EY. Throughout his career, Alisher has played a pivotal role in founding and building award-winning investment banks and asset management firms across developing countries. His expertise extends to advising governments, sovereign wealth funds, state-owned enterprises, and multinational corporations on foreign direct investments. He has also actively invested and co-invested alongside family offices and other principal investors, across diverse asset classes. Alisher's global reach is evident by his experience working and studying in over 25 countries spanning Europe, Asia, Africa, and the Americas. He has served as chair, moderator, or speaker at over 200 conferences, delving into topics like emerging and frontier markets, Islamic finance, banking, capital markets, hedge funds, energy, resources, infrastructure, property, telecom, and technology. His insights have also been featured on prominent media outlets like Bloomberg, CNBC, BBC, Al Jazeera, Reuters, Dow Jones, and Channel NewsAsia. Additionally, his expertise has been recognized by leading publications including the Financial Times, Foreign Policy, Euromoney, Global Finance, and Institutional Investor.

Dmitry Dolgin is ING’s Chief Economist covering Russia and CIS countries. He joined the team in 2018 and has a decade of experience in macroeconomics...

Dmitry Dolgin is ING’s Chief Economist covering Russia and CIS countries. He joined the team in 2018 and has a decade of experience in macroeconomics and FX strategy with Alfa-Bank and Gazprombank. Dmitry graduated from the Lomonosov Moscow State University and has also studied macroeconomics and financial markets at the Plekhanov Russian University of Economics and ESSEC Business School.

Аскар Елемесов является выпускником экономического факультета МГУ им. Ломоносова (Москва) и школы бизнеса Вашингтонского университета в Сент-Луисе (Сент-Луис, США). Свою трудовую деятельность начал в...

Аскар Елемесов является выпускником экономического факультета МГУ им. Ломоносова (Москва) и школы бизнеса Вашингтонского университета в Сент-Луисе (Сент-Луис, США). Свою трудовую деятельность начал в сфере международной торговли в 1990 году. В финансовом секторе с 1994 года. За это время работал в правлениях и советах директоров крупнейших коммерческих банков Казахстана (Казкоммерцбанк/Qazkom, Халык/Halyk, ТуранАлем/BTA, Каспийский/Kaspi, Сбербанк России в Казахстане/Bereke), руководил расположенными в Алматы дочерними компаниями инвестиционных банков (Deutsche Bank, Тройка Диалог), был заместителем Национального банка и вице-министром финансов Республики Казахстан, возглавлял Ассоциацию финансистов Казахстана и филиал российского рейтингового агентства АКРА. Также начиная с 2000 года избирался как представителем акционеров, так и независимым директором в советы директоров таких крупных эмитентов, как Самрук, НАК «Казатомпром», «КазМунайГаз», «Казпочта», Банк Развития Казахстана, Казахстанская жилищная компания, НУХ «КазАгро», ФРП «Даму», равно как и важнейших системообразующих институтов рынка капиталов, как KASE (Казахстанская фондовая биржа), ЕНПФ (Единый накопительный пенсионный фонд), Единый регистратор ценных бумаг (в данное время – Центральный депозитарий). В настоящее время является председателем экспертного совета Definition, крупнейшей в Центральной Азии компании по финансовым коммуникациям и отношениям с инвесторами (definition.city) и независимым директором в АО «ЕНПФ», KASE и в Банке Развития Казахстана.

Maksim Kovalyov — Head of the Digital Assets Department at Fonte Capital Ltd. Maksim leads the digital assets division at Fonte Capital Ltd. and manages a...

Maksim Kovalyov — Head of the Digital Assets Department at Fonte Capital Ltd. Maksim leads the digital assets division at Fonte Capital Ltd. and manages a unique multi-asset fund. In 2024, he developed Fonte Capital Ltd.’s Digital Assets Development Strategy, aimed at creating investment products focused on cryptocurrency assets, including the launch of a crypto fund with a directional market strategy and the region’s first ETFs on digital assets such as Bitcoin, Solana, and other popular cryptocurrencies. As Director of the department, Maksim is responsible for the company’s digital asset investment business, the development of new products, and operations on the AIFC digital asset exchanges. In 2025, under his leadership, the first Bitcoin ETFs in Central Asia were listed on the Astana International Exchange (AIX), as well as the world’s first Solana staking ETF (with the support of the Solana Foundation).

Sergey Lyalin started working in the securities market as bond analyst in IC Deviz in 1995. In 1997 he joined IC Energocapital (worked there as...

Sergey Lyalin started working in the securities market as bond analyst in IC Deviz in 1995. In 1997 he joined IC Energocapital (worked there as Client Relations Manager and then as Head of Marketing Research). In 2000, he organized the Internet portal Cbonds.Ru. He has been CEO of Cbonds.ru LLC since 2001. Under the leadership of Sergey Lyalin Cbonds News Agency has become the leading source of information on the Russian and CIS bond market. He started publishing Cbonds Review magazine in 2006 and was its Editor-in-Chief in 2006-2007. He is the author of Corporate Bonds: Global Experience and Russian Prospects (2001) and a number of articles on the securities market. Sergey Lyalin graduated from St. Petersburg University, Department of Economics (a diploma of economist - mathematician). Holds a PhD in Economics. Finished Executive MBA at Graduate School of Management (GSOM) at Saint-Petersburg State University in 2018.

Adil Nurlanovich Mukhamedzhanov, Chairman of the Management Board of KASE Education In 2002, he graduated from the Kazakh Academy of Labor and Social Relations with a degree...

Adil Nurlanovich Mukhamedzhanov, Chairman of the Management Board of KASE Education In 2002, he graduated from the Kazakh Academy of Labor and Social Relations with a degree in International Economics. In 2019, he completed the Executive MBA program at the Nazarbayev University Graduate School of Business. 2002–2009 Chief Economist of the Settlements and Lending Division, and later Chief Analyst of the Analysis and Risk Division of the Monetary Operations Department, National Bank of the Republic of Kazakhstan. 2009–2015 Head of the Monetary Policy Operations Division, Monetary Operations Department, National Bank of the Republic of Kazakhstan. 2015–2019 Deputy Director of the Monetary Operations Department, National Bank of the Republic of Kazakhstan. 2019–2020 Managing Director – Director of the Investment Consulting Department, JSC First Heartland Securities. 2020–2021 Deputy Chairman of the Management Board, JSC Kazakhstan Stock Exchange. 2021–2025 Chairman of the Management Board, JSC Central Securities Depository. Since March 31, 2025 – present Chairman of the Management Board, JSC Kazakhstan Stock Exchange.

A leading expert in investment banking services with 40 years of experience, including 30 years in asset management, private equity placements, and M&A transactions. Headed the...

A leading expert in investment banking services with 40 years of experience, including 30 years in asset management, private equity placements, and M&A transactions. Headed the investment division of Societe Generale in Russia and led the corporate finance department at Alfa-Bank; established and supervised support services for the long-term management of major private clients. Author of a monograph and more than 50 articles on investments, including on international investment infrastructure. Graduated from the International Faculty of the Financial Academy under the Government of the Russian Federation and the Faculty of Law at Lomonosov Moscow State University. Doctor of Economics, Professor. ᭼ Actively engaged in philanthropy, supporting several museums and national libraries

Rakhim Oshakbayev is a Kazakhstani economist and public figure, Chief Economist at the Center for Applied Research “TALAP” — an independent Think & Do Tank...

Rakhim Oshakbayev is a Kazakhstani economist and public figure, Chief Economist at the Center for Applied Research “TALAP” — an independent Think & Do Tank specializing in the study of Kazakhstan’s economic and social policy, as well as regional and international relations. He graduated from the Faculty of Economics at Lomonosov Moscow State University. He also completed programs at the Central Asia–Caucasus Institute of the Johns Hopkins University School of Advanced International Studies and the Leadership Academy for Development at Stanford University. Oshakbayev has held key positions in government and analytical institutions, including serving as Vice Minister of Investments and Development of Kazakhstan and as Head of the National Chamber of Entrepreneurs “Atameken.” He is actively involved in public life, having served as Chairman of the Public Council under the Ministry of Internal Affairs of the Republic of Kazakhstan and as a member of the National Council of Public Trust under the President of Kazakhstan. Oshakbayev is also a member of the Valdai Discussion Club and has been awarded the medal “For Contribution to the Creation of the Eurasian Economic Union” and the state order “Kurmet” for his achievements in the development of Kazakhstan’s economy and his active civic engagement. Under his leadership, TALAP has become an important platform for expert discussions, providing analytical insights, conducting research, and contributing to the development of balanced economic decisions in Kazakhstan.

Timur Salimov, Chairman of the Management Board of Alatau City Invest JSC. Timur has 20 years of experience in finance in the field of brokerage...

Timur Salimov, Chairman of the Management Board of Alatau City Invest JSC. Timur has 20 years of experience in finance in the field of brokerage and investment services. He held key management positions in such companies as Asyl-Invest, Real Invest Group, Kazkommerts Securities and Halyk Global Markets. Since July 2023, he has held the position of Chairman of the Management Board at Alatau City Invest JSC.

Financial expert with 16 years of experience in corporate and investment banking, treasury management, currency risk hedging, and structuring financial solutions. CFA Charterholder since 2017....

Financial expert with 16 years of experience in corporate and investment banking, treasury management, currency risk hedging, and structuring financial solutions. CFA Charterholder since 2017. Strong expertise in managing FX risks through the use of forward contracts, options, strategies, and other structured instruments for both Kazakhstani and international clients. Currently works as a strategic consultant and founder of an educational platform on options and AI in finance.

He graduated from Al-Farabi Kazakh State National University with a Bachelor’s degree in Economics and Management, a Master’s degree in Macro-Microeconomics and Mathematical Modeling, and...

He graduated from Al-Farabi Kazakh State National University with a Bachelor’s degree in Economics and Management, a Master’s degree in Macro-Microeconomics and Mathematical Modeling, and completed the Executive Management program at Lomonosov Moscow State University. Tutushkin V.A. began his professional career in May 1998 as an economist in the Economic Research Division of the Research and Statistics Department of the National Bank of the Republic of Kazakhstan. From July 1998 to December 2010, he held successive positions as Economist, Senior Analyst, Chief Analyst, Head of Division, Head of Department, and Deputy Director of the Research and Statistics Department of the National Bank of the Republic of Kazakhstan. From December 2010 to May 2011, he served as Head of the Financial Stability Department of the National Bank of the Republic of Kazakhstan. From May 2011 to June 2014, he was Deputy Director of the Financial Stability Department of the National Bank of the Republic of Kazakhstan. From June 2014 to November 2014, he served as Deputy Director of the Financial Stability and Risk Management Department of the National Bank of the Republic of Kazakhstan. From November 2014 to December 2015, he was Director of the Financial Stability and Risk Management Department of the National Bank of the Republic of Kazakhstan. From December 2015 to February 2016, he served as Director of the Research and Strategic Analysis Department of the National Bank of the Republic of Kazakhstan. From February 2016 to May 2019, he was Director of the Research and Statistics Department of the National Bank of the Republic of Kazakhstan. From May 2019 to June 2020, he served as Director of the Monetary Policy Department of the National Bank of the Republic of Kazakhstan. From June 2020 to March 2022, he was Director of the Financial Market Relations Department at the Permanent Representative Office of the National Bank of the Republic of Kazakhstan in Almaty. On March 11, 2022, by Decree of the President of the Republic of Kazakhstan No. 285, he was appointed Deputy Chairman of the National Bank of the Republic of Kazakhstan. On March 14, 2022, by order of the Chairman of the National Bank of the Republic of Kazakhstan, he was appointed Deputy Chairman of the National Bank of the Republic of Kazakhstan and Head of the Permanent Representative Office of the National Bank of the Republic of Kazakhstan in Almaty.

Yulia Khandoshko is the CEO of the European broker Mind Money (formerly Zurich). With over 10 years of experience in information technology, innovation, and capital...

Yulia Khandoshko is the CEO of the European broker Mind Money (formerly Zurich). With over 10 years of experience in information technology, innovation, and capital markets, she has led business development initiatives in IT education and collaborated with Deutsche Bank, T-Systems, Luxoft, and JetBrains. Yulia joined the Mind Money team in 2020 as CEO, overseeing the implementation of all operational aspects of the company's strategy. During her tenure, Mind Money has solidified its position as an international broker, offering a combination of traditional financial instruments with advanced industry technologies and a scientific approach to investment strategies. Yulia believes that one of the company's important tasks now is to ensure the accessibility of various financial instruments to clients from 25 countries Mind Money operates in.