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Personnel changes occur in Kazakh National Welfare Fund

Personnel changes occur in Kazakh National Welfare Fund

Assets of Azerbaijani Armed Forces Assistance Fund rise (01 December 2016 17:46)

Date: 13 January 2016 15:32

Baku, Azerbaijan, Jan. 13

By Elena Kosolapova – Trend:

Personnel changes have occurred in the Kazakh Samruk-Kazyna National Welfare Fund, which includes the largest companies of the country, the corporate communications department of the fund said Jan.13.

Samruk-Kazyna National Welfare Fund was created in accordance with the decree of the President of Kazakhstan in 2008 in order to improve the competitiveness and sustainability of the national economy.

The fund brings together almost all of Kazakh state-owned assets and manages these assets on behalf of the government. KazMunaiGas NC JSC, the railway operator - Kazakhstan Temir Zholy JSC, Kazakhstan Electricity Grid Operating Company JSC (KEGOC), Kazakhtelecom JSC telecommunications operator, National Atomic Company “Kazatomprom” JSC are among these assets.

Changes in the fund have taken place within the framework of transition to a new organizational structure, which involves reducing the top management of the fund by half.

In particular, within the framework of personnel changes, Baljeet Kaur Grewal, who previously worked as a senior advisor to the development program of the ADB national fund at various times, managing director and vice-chairman of the Kuwait Investment Authority & Kuwait Finance House, vice president in ABN AMRO Bank, Maybank Malaysia and Deutsche Bank, took the position of managing director of the fund. She will be in charge of strategy and portfolio investments of the Samruk-Kazyna.

Elena Bakhmutova, who previously worked as deputy chairman of the fund, took the post of managing director of Samruk-Kazyna on finance and operations.

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