Kazakhstan in a Changing Eurasia
Council on Foreign Relations
58 East 68th Street, 10065
*This event is by invitation only. Register with access code online or request an invitation at email@example.com.*
*This forum is a sponsored event, produced in collaboration with ThinkLink. *
8:30 a.m. - 9:00 a.m. | Registration and Networking Breakfast
8:00—8:45 a.m. |Special Breakfast Session: Investment Opportunities in Kazakhstan Sponsored by Kazakhinvest*
Question and Answer with Askar Zhumagaliyev, Deputy Prime Minister of Kazakhstan
Kazakhstan is making concerted effort to attract foreign direct investment. The country now ranks 36th out of 190 states in the World Bank “Doing Business” rankings and, alongside Russia, has the best indicators among post-Soviet states. Recently, President Nursultan Nazarbayev revealed a large-scale institutional reform program, which comprises reforms in public administration, the regulatory framework, and the management of state-owned enterprises. The package of economic reforms is aimed at developing non-primary industries of the economy, creating new industries with the use of digital technologies and enhancing Kazakhstan’s appeal as an investment destination.
Welcome Remarks by Erzhan Kazykhanov, Ambassador of Kazakhstan to the U.S.
>Askar Zhumagaliyev, Deputy Prime Minister of Kazakhstan
>Thomas Firestone, Partner, Baker & McKenzie LLP
*Seating is limited. Pre-registration is required.
9:00 a.m. - 9:15 a.m. | Welcome Remarks
>Gideon Rose, Editor, Foreign Affairs
>Askar Zhumagaliyev, Deputy Prime Minister of Kazakhstan
>From our Sponsors: Alik Aidarbayev, Deputy Chairman of the Management Board, Samruk-Kazyna
9:15 a.m. - 10:15 a.m. | Foreign Affairs Briefing: Kazakhstan in a Changing Eurasia
Foreign Affairs Briefings offer an informed and comprehensive overview of the key political dynamics and macroeconomic trends in the region. Creating economic growth, human capital, investment capital, affordable energy and modern infrastructure are proven sustainable growth drivers. What is the region doing to leverage these strategic advantages and what could help accelerate economic growth to assure its vitality in decades to come?
>Susan M. Elliott, President & CEO, National Committee on American Foreign Policy
>Kairat Kelimbetov, Governor of Astana International Financial Centre
>Todd Levy, President of Europe, Eurasia and Middle East Exploration and Production, Chevron
Moderator: Stuart Reid, Managing Editor, Foreign Affairs
10:25 a.m. - 11:25 a.m. | Kazakhstan and the new Silk Road
The future of trade in Asia could rely greatly on what becomes of China’s expansive Belt Road initiative, which calls for huge investment in and development of trade routes in the region. Located on the Eurasian continent, Kazakhstan is not only an important stronghold of the economic belt of the Silk Road, but also an important member of the Eurasian Economic Union. Kazakhstan’s future economic growth depends on the development of infrastructure and regional trade. The country aims to become the largest business and transit hub of the Central Asia region, a bridge between Europe and Asia.
>Maxat Kabashev, Vice-president, JSC NC Kazakhstan Temir Zholy
>Nargis Kassenova, Senior Fellow, Program on Central Asia, Davis Center for Russian and Eurasian Studies, Harvard University
>Roland Nash, Senior Partner, Verno Capital
Moderator: David A. Merkel, Managing Director, Summit International Advisors; Nonresident Senior Fellow, Eurasia Center, Atlantic Council
11:40 a.m. - 12:40 p.m. | Simultaneous Breakout Sessions
Breakout 1: Innovation and Digital Transformation
The Digital Kazakhstan state program was approved in December 2017. It is an important plan that aims to improve the standard of living of every Kazakh citizen through the use of digital technologies. The plan is to implement the program within five years from 2018 until 2022 in five key areas: digitalization of the economy, transition to digital government, implementation of the Digital Silk Road, human capital development and creating an innovation ecosystem. Examples of successful ecosystems in Kazakhstan will be presented and we will take a closer look at how government bodies and private institutions play a key role in creating and nurturing talent and productivity, as well as looking at the role of investors in stimulating the economy.
>Huschke Diekmann, General Manager of Transportation Digital for Europe, CIS-Russia, North Africa & Middle East, General Electric
>Marat Omarov, Chairman, National Agency for Technological Development
>Hans Timmer, Chief Economist for Europe and Central Asia , World Bank
Moderator: Diane Brady, Founder, dB Omnimedia
Breakout 2: Kazakhstan’s Privatization Program: Tapping International Capital Markets
One of the main objectives of President Nazarbayev’s recent address to the nation, “New development opportunities under the Fourth industrial revolution,” is the acceleration of the implementation of the privatization plan. Kazakhstan’s $67 billion worth sovereign wealth fund Samruk-Kazyna has sold over 120 small and mid-sized firms and is preparing larger firms for sale under its privatization program.
>Nurlan Rakhmetov, Managing Director, Samruk-Kazyna JSC
>Umut Shayakhmetova, CEO, Halyk Bank
>Yerzhan Tutkushev, Director, Samruk-Kazyna JSC
Moderator: Danil Kerimi, Head of Information Technology and Electronics Industries, Centre for the Fourth Industrial Revolution China, World Economic Forum
12:45 - 1:45 p.m. | Networking Lunch
1:30 p.m. - 3:00 p.m. | Investor Roadshow
Askar Zhumagaliyev, Deputy Prime Minister of Kazakhstan
Askar Zhumagaliyev was born in 1972 in the Orenburg region of the RSFSR.
He graduated from the Sverdlovsk Suvorov Military School.
Then he graduated from the Kazakh National Technical University (Alma-Ata) with a major in Radio Communication, Broadcasting and Television.
He received a second degree in law in the Kazakh Humanitarian Law University.
He received his Master's degree in electronic management from the Federal Polytechnic School of Lausanne.
In 1996-1998 he held the post of general director of Zharyk LLP;
In 1998-1999 he worked as the head of the Sector of the Ministry of Transport and Communications of the Republic of Kazakhstan;
In 1999-2000 – The Chief specialist, the Head of the Transport Control Committee of the Ministry of Transport and Communications of the Republic of Kazakhstan;
In 2000 he held the post of the Head of the RSE "Republican Center for Billing of Telecommunication Traffic";
In 2001-2003 – The Head of the State Communications Supervision Department, Deputy Chairman of the Committee for Communications and Informatization of the Republic of Kazakhstan;
In 2003-2005 – The Deputy Chairman of the Agency of the Republic of Kazakhstan for Informatization and Communication;
In 2004-2005 – Acting Chairman of the Agency of the Republic of Kazakhstan for Informatization and Communication;
In 2005-2006 – First Deputy Chairman of the Agency for Informatization and Communication;
In 2006 he held the post of Chairman of the Agency of the Republic of Kazakhstan for Informatization and Communications;
In 2006-2010 – The President of Kazakhtelecom JSC;
In 2010-2012 – The Minister of Communications and Information of the Republic of Kazakhstan;
In 2012-2014 – The Minister of Transport and Communications of the Republic of Kazakhstan;
In 2014 – The Chairman of the Agency for Communications and Information;
In 2014-2015 – The Deputy Minister for Investments and Development of the Republic of Kazakhstan;
From 2015 to 2017 he held the post of Chairman of the Board of Kazatomprom NAC JSC.
Alik Aidarbayev, Deputy Chairman of the Management Board, Samruk-Kazyna
Throughout his career, he held various management positions at Yuzhkazneftegaz, Kumkol-Lukoil (later, the company was renamed to Turgai Petroleum CJSC), Mangistaumunaygas JSC, NC KazMunaiGas JSC. He was also Director General at KazMunayGas Exploration Production JSC from December 2011 to 2013, Governor of Mangistau region from 2013 to 2017, First Vice-Minister for Investments and Development of the Republic of Kazakhstan from March 2017 to January 2018. Since 15 January 2018, Mr Aidarbayev serves as Deputy Chairman of the Board Management of Samruk-Kazyna JSC.
He has PhD in Engineering Science, and is honorary professor of Kanysh Satpayev National Technical University. He holds MBA from Academy of National Economy under the Government of the Russian Federation in Moscow. Mr Aidarbayev was awarded Kurmet, Parasat and II degree Barys orders.
Diane Brady, Founder, dBomnimedia
Diane is an award-winning writer, author and media advisor who frequently interviews newsmakers and speaks on global business trends at events worldwide. Along with being a biweekly contributor to BBC World’s Business Matters, she works with a global network of partners to help clients create high-impact content and conversations, from op-ed articles and special reports to events and new media products. Her new book with former Cisco CEO John Chambers, Connecting the Dots, went on sale September 25. Her first book, Fraternity, was named one of Amazon’s best books of the year and was recently optioned for a movie. Prior to starting her own company in 2015, Diane was senior editor/content chief at Bloomberg Businessweek, where she managed a team of reporters, wrote a weekly column and features, and launched several editorial events and partnerships. She also reported on staff for The Wall Street Journal in Asia, Maclean’s magazine in Canada, and the UN Environment Programme in Nairobi.
Huschke Diekmann, General Manager of Transportation Digital for Europe, CIS-Russia, North Africa & Middle East, General Electric
Mr. Diekmann is the General Manager General Electric Transportation Digital for Europe, CIS-Russia, North Africa & Middle East and Managing Director GE Transportation Systems Deutschland GmbH.He joined General Electric Company in 2012 as Account and Customer Innovation Director to ensure profitable growth of the entire GE portfolio in Germany and Europe.
Prior to his current position he held Business Leader roles in Siemens AG in Mobility, Corporate Technology, Transportation in Germany and USA as Vice President Technology & Innovation, Chief Technology Officer and Sales Director.
He holds a diploma degree of applied geography, regional-, urban and transportation planning, business administration, marketing and economics from University of Trier, Germany.
Huschke lives in Frankfurt am Main, Germany, with his wife and three children.
Susan M. Elliott, President & CEO, National Committee on American Foreign Policy
Ambassador (retired) Susan M. Elliott is President & CEO of the National Committee on American Foreign Policy, a position she assumed in August 2018. Ambassador Elliott is an accomplished diplomat with an earned doctorate from Indiana University. During her 27-year diplomatic career, Ambassador Elliott held a variety of leadership positions at the U.S. Department of State.
From 2015 to 2017, Ambassador Elliott served as the Civilian Deputy and Foreign Policy Advisor to the Commander of the United States European Command. Ambassador Elliott was the U.S. Ambassador to Tajikistan from 2012 to 2015. Prior to her Ambassadorial appointment, she served as the Deputy Assistant Secretary of State, Bureau of South and Central Asian Affairs, U.S. Department of State.
Ambassador Elliott served on the faculties of Ball State University in Muncie, Indiana and the University of Virginia in Charlottesville, Virginia before joining the U.S. Department of State in March 1990. During her Foreign Service career, Ambassador Elliott worked in a variety of overseas and Washington-based assignments. Her previous overseas assignments include Minister Counselor for Political Affairs in Moscow, Russia; Principal Officer in Belfast, Northern Ireland; Deputy Economic Counselor and Visa Section Chief in Athens, Greece. Other overseas assignments include Moscow, Russia and Lima, Peru.
Ambassador Elliott worked on the staff of former Secretary of State Condoleezza Rice as a Deputy Executive Secretary and Director of the Executive Secretariat Staff. Earlier in her career she reported on conflicts in the countries of the former Soviet Union when she worked in the Office of the Coordinator for Regional Conflicts in the New Independent States.
Tom Firestone, Partner, Baker & McKenzie, LLP
Tom Firestone is a partner in the New York and Washington, D.C. offices of the international law firm Baker & McKenzie. His practice is focused on international white collar criminal defense, the Foreign Corrupt Practices Act, anti-money laundering, sanctions compliance and helping companies manage the risks of investing in emerging markets. Prior to joining Baker & McKenzie, he spent 14 years with the U.S. Department of Justice, half as a federal prosecutor in the Eastern District of New York, where he specialized in investigating and prosecuting transnational organized crime and half as the Department of Justice Resident Legal Advisor at the U.S. Embassy in Moscow. He is fluent in Russian and has published widely in both English and Russian on topics relating to organized crime, criminal justice and anti-corruption in the former Soviet Bloc. He also serves as Chairman of the U.S.-Kyrgyzstan Business Council and is a member of the Board of the America Uzbekistan Chamber of Commerce and the U.S. Tajikistan Business Council. He graduated from Harvard College and Harvard Law School and also received an M.A. in international relations from U.C. Berkeley.
Maxat Kabashev, Deputy Chairman for Development, National Company “Kazakhstan Railways”
Mr.Kabashev has an extensive experience in public and private services in financial and transportation areas.
He worked as CEO of «Alliance Bank”, “Kazakhstan Stock Exchange”, and “Investment Fund of Kazakhstan”
He joined “Kazakhstan Railways” in 2015 as CFO and currently is responsible for business development of the company.
Mr. Kabashev holds an engineering degree from Moscow Forest Institute and MBA from MIT Sloan School.
Nargis Kassenova, Senior Fellow, Program on Central Asia, Davis Center for Russian and Eurasian Studies, Harvard University
Nargis Kassenova is Associate Professor at the Department of International Relations and Regional Studies of KIMEP University based in Almaty (Kazakhstan) and Director of the KIMEP China and Central Asia Studies Center (CCASC). This academic year she is a Senior Fellow at the Harvard University Davis Center for Russian and Eurasian Studies. Her areas of research include Central Asian politics and security, Eurasian geopolitics, and Kazakhstan’s foreign policy. She holds a PhD in International Cooperation Studies from Nagoya University, Japan.
H.E. Erzhan Kazykhanov, Ambassador of Kazakhstan to the United States
H.E. Erzhan Kazykhanov was appointed as the next Ambassador to the United States. Ambassador Kazykhanov served as Ambassador to the United Kingdom.
Ambassador Kazykhanov has also served in a number of high ranking posts as the Assistant to the President of Kazakhstan, Minister of Foreign Affairs, Deputy Minister of Foreign Affairs, Ambassador to Austria, and Cuba (non-resident), Permanent Representative of Kazakhstan to the International Organizations in Vienna, and to the United Nations.
He is the author of numerous articles on Kazakhstan’s multi-vectored foreign policy, economic diplomacy and the role of the United Nations.
Kairat Kelimbetov, Governor of Astana International Finance Center
Kelimbetov Kairat Was born in 1969 in Almaty.
Has graduated from Moscow State University named after M.V. Lomonosov, High Academy of Governance under the President of Kazakhstan and Georgetown University (USA).
Till 2002 worked as the member of Supreme Economic Council under the President of the Republic of Kazakhstan, at the Administration of the President of the Republic of Kazakhstan, served as Chairman of the Agency for Strategic Planning, First Vice-Minister of Finance of the Republic of Kazakhstan.
From 2002 to 2006 served as Minister of Economy and Budget Planning of the Republic of Kazakhstan.
In 2006 served as CEO of Kazyna Sustainable Development Fund (the state institutions of development).
In January 2008 appointed as Head of Administration of the President of the Republic of Kazakhstan. Since 2008 to 2011 - CEO of Sovereign Wealth Fund “Samruk-Kazyna” JSC (The Fund, which consolidated all the state companies). In April 2011 served as Minister of Economic Development and Trade of the Republic of Kazakhstan.
In January 2012 was appointed as the Deputy Prime Minister of the Republic of Kazakhstan, where governed the issues of macroeconomics, budget policy, governing of state companies and finance sector, tax and custom regulations and etc. Kelimbetov also served as the Chairman of the Council of Eurasian Economic Comission, where he represented the Republic of Kazakhstan.
On October 1, 2013 by the Decree of the President of the Republic of Kazakhstan was appointed as the Chairman of the National Bank of Kazakhstan.
On December 24, 2015 by the order of the President of the Republic of Kazakhstan was appointed as the Governor of International Finance Center Astana.
Danil Kerimi, Centre for the Fourth Industrial Revolution China, World Economic Forum
With a decade of experience at the World Economic Forum in various roles ranging from leading the regional engagement for Europe and Central Asia, to various projects on the future of the Internet and cyberspace to heading the Technology Industries team, Danil is currently helping to set up the Forum’s Centre for the Fourth Industrial Revolution in China. The Centre will partner with governments, leading enterprises and experts from around the world to co-design and pilot innovative new approaches to policy and governance in the Fourth Industrial Revolution. In this role, Danil develops relationship with the leaders and executives of the top companies and senior policy-makers/regulators.
Prior to joining the World Economic Forum, Danil had various positions with the United Nations, Organization for Security and Cooperation in Europe and in the private sector. He is a graduate of Shandong University, Vienna Diplomatic Academy and Global Leadership Fellowship offered by the World Economic Forum in collaboration with a number of academic partners.
Todd Levy, President of Europe, Eurasia and Middle East Exploration and Production, Chevron
Jeffrey T. (Todd) Levy assumed the role of president, Chevron Europe, Eurasia and Middle East Exploration and Production in January 2014. Based in London, he is responsible for the oversight of Chevron’s upstream interests in the region.
Levy’s previous assignment was as vice president upstream from 2010 to 2013.
Prior to that assignment, Levy served as general director of the Tengizchevroil Kazakhstani joint venture from 2006 to 2010. Other management positions included general manager operations, Gulf of Mexico Business Unit and general manager of the Eurasia Business Unit in Kazakhstan.
In 1982, Levy began his career as a chemical engineer in the Gulf of Mexico Business Unit in Louisiana. Since joining Chevron, he has served in positions of increasing responsibility in management, engineering, projects, operations and commercial in Kazakhstan, Angola, Australia and the United States.
Levy received the Chevron Chairman's Award for leading the corporation's operational excellence program development. Levy was honored with the Dostyk Order, which is awarded by the president of the Republic of Kazakhstan.
Levy was born in Oklahoma in 1959. He earned a bachelor’s degree in chemical engineering from Louisiana State University in 1982.
David A. Merkel, Managing Director, Summit International Advisors; Nonresident Senior Fellow, Eurasia Center, Atlantic Council
David A. Merkel is Managing Director of Summit International Advisors, LLC and a senior fellow at the Atlantic Council. His expertise includes US foreign policy, the geopolitics of energy, the Belt Road Initiative, Europe, Russia, the Caucasus and Central Asia. He is based in Washington, DC.
Mr. Merkel has served as deputy assistant secretary of State for European and Eurasian Affairs; director for South and Central Asian affairs at the National Security Council; director for European and Eurasian affairs at the National Security Council in the White House and deputy assistant secretary for International Affairs at the US Treasury Department. He also served as international counselor to the Chairman of the US Securities and Exchange Commission (SEC); and senior professional staff on the Senate Foreign Relations Committee.
He is currently a member of the Board of Trustees of Nazarbayev University in Astana, Kazakhstan and the Josef Korbel School of International Studies Social Science Foundation at the University of Denver as well as a visiting faculty member in the geopolitics of energy at the Azerbaijan Diplomatic Academy.
He is a member of the Council on Foreign Relations, the International Institute for Strategic Studies (IISS), and the Swedish Institute of International Affairs.
Mr. Merkel has been an international election observer and worked on democracy programs for the United Nations, the Organization for Security and Cooperation in Europe, International Republican Institute and the National Democratic Institute in Africa, Asia, Europe, and Latin America.
Roland Nash, Senior Partner and Chief Investment Strategist, Verno Capital
Roland Nash joined Verno Capital in January 2011 as Senior Partner and Chief Investment Strategist and has 20 years of experience in the Russian and FSU markets. Prior to this Roland was Co-Head of Renaissance Capital’s Equity Product Group, responsible for managing a 200-strong sales, trading, and research team in New York, London, and across Africa and Russia/FSU. From 2003 until 2010, he was Head of Research at Renaissance Capital, managing a team of 85 research analysts across Russia, the FSU, and Africa. At the same time, Roland was also Chief Equity Strategist, advising Renaissance Capital’s client base on investment opportunities across Russia/FSU and between 2006 and 2010, Roland sat on the Executive Committee of Renaissance Capital, developing business strategy for the bank. In every year during his time at Renaissance Capital, the team was voted the best research house in Russia in the annual All-Europe Institutional Investor survey and between 2004 and 2009 Roland was voted the number one strategist for Russia in every All-Russia Institutional Investor survey.
Marat Omarov, Chairman, NATD
Mr. Marat Omarov is the Chairman of the Executive Board & Member of the Board of Directors of National Agency for Technological Development Joint Stock Company, Investment Arm. Mr. Omarov started his career as a Business Analyst at Digiet Limited. In different years, he worked as an adviser to the Minister of Economic Development and Trade of Kazakhstan, Minister of Economy and Budget Planning of the Republic of Kazakhstan, Deputy Director of the Tariff and Institutional Policy Development Department of the Ministry of National Economy of Kazakhstan and Managing Director of Kazakhtelecom JSC. Mr. Omarov graduated from the London School of Economics and Political Science (LSE). Has a Master's degree in Social Sciences. He completed Innovation and Entrepreneurship program at the Stanford Graduate School of Business.
Nurlan Rakhmetov, Managing Director for Transformation, Privatization and Restructuring, Samruk-Kazyna JSC
Education: Moscow State University named after M.V. Lomonosov, Candidate of Physical and Mathematical Sciences; IE Business School, Madrid, Global Executive MBA.
1990 – 1991: Junior Researcher of the Institute of Mathematics and Mechanics, Academy of Sciences of the Kazakh SSR
1991 – 1996: Senior Lecturer, Department of Mathematical Analysis of the Almaty State University named after Abai1991 – 1996: Senior Lecturer, Department of Mathematical Analysis of the Almaty State University named after Abai
1996 – 1998: Economist, Head of Planning and Finance Department, Financial Director of «BUTYA”
1998: Deputy CEO of Kazakhstan Temir Zholy
1998 – 2001: Director of the Analysis and Forecasting Department of the Ministry of State Revenue of the Republic of Kazakhstan
2001 – 2002: Vice-Minister of State Revenue of Kazakhstan
2002 – 2003: Vice-Minister of Finance of Kazakhstan
2003 – 2004: Deputy CEO of KazTransGas JSC and Intergas Central Asia JSC
2004 – 2006: Managing Director for Economics and Finance of JSC NC KazMunayGas
2006 – 2008: Chairman of the Tax Committee of the Ministry of Finance of Kazakhstan
2008 – 2011: Managing Director of Samruk-Kazyna JSC
2011 – 2014: Managing Director – Member of the Management Board of Samruk-Kazyna JSC
2014 – 2016: Financial Director – Member of the Management Board of Samruk-Kazyna JSC
2016 – 2018: Managing Director for Government Relations
Since 2018: Managing Director for Transformation, Privatization, and Restructuring
Gideon Rose, Editor, Foreign Affairs
Gideon Rose was appointed Editor of Foreign Affairs in October 2010. He was Managing Editor of the magazine from 2000 to 2010. He has also served as Associate Director for Near East and South Asian Affairs on the staff of the National Security Council and Deputy Director of National Security Studies at the Council on Foreign Relations, and has taught American foreign policy at Princeton and Columbia. He is the author of How Wars End (Simon & Schuster, October 2010).
Umut Shayakhmetova, Chairperson of the Management Board, Halyk Bank
In 1993 - a Graduate of P.Lumumba People’s Friendship University of Russia (RUDN) (Moscow), qualification "Bachelor of Economic Science"
In 1996 - a Graduate of Rutgers University (USA, New Jersey), MBA degree.
Umut Shayakhmetova has 19-year of experience in the banking sector, of which 12 years in Halyk Bank.
Since 2009, is the Chairperson of the Management Board of JSC Halyk Bank, member of the Bank's Board of Directors.
Career of Ms. Shayakhmetova in the banking sector began in 1997, when she was a specialist in structured finance in CJSC SB ABN AMRO Bank Kazakhstan.
From 1998 to 2000, Umut Shayakhmetova headed the Pension Asset Management Company ABN AMRO Asset Management, and was a pioneer of the accumulative pension system in the country.
In 2000-2004, as Vice Chairperson of the Management Board of CJSC SB ABN AMRO Bank Kazakhstan was in charge of corporate lending in Kazakhstan subsidiary of the Dutch bank.
In 2004-2009, she was the Vice Chairperson of the Management Board of JSC Halyk Bank.
In 2001, she became a member of the Expert Council of the National Securities Commission of
From November 2012, Umut Shayakhmetova was a member of the International Council of UnionPay International. In June 2016, she was elected as
Chairperson of the Regional Council Eastern Europe, Central Asia, Russia and Caucasus of UnionPay International.
Starting June 2015, she has headed the Council of Businesswomen of Almaty under the National Chamber of Entrepreneurs "Atameken".
In June 2016, she was appointed as Chairperson of the Financial Sector Committee under Presidium of the National Chamber of Entrepreneurs "Atameken”.
Since May 2011 to the present time she chairs the Gymnastic Federation of the Republic of Kazakhstan, a member of the Executive Committee under the National Olympic Committee of Kazakhstan
She is a member of the Supervisory Board of Kazakh National University named after Al-Farabi, a member of the Board of Trustees of Nazarbayev Intellectual School of Physics and Mathematics in Almaty.
Awarded with government decorations such as medal "Eren enbegi ushin" and the Order of Parasat, “Barys” Order of 3rd class. In December 2016, Umut Shayakhmetova was awarded the title of "Banker of the Year in Eastern Europe" by the International Banker.
Hans Timmer, Chief Economist, Europe and Central Asia, World Bank
Mr. Hans Timmer is the Chief Economist for the Europe and Central Asia region of the World Bank. He assumed this position on September 1, 2013. Under his management, a series of regional reports, most recently, Reaping Digital Dividends and Risks and Returns, and a series of Regional Economic Updates are produced. Prior to his current position, Mr. Timmer was Director of the World Bank's Development Prospects Group.
Mr. Timmer is a quantitative international macroeconomist and econometrician with 30 years of management experience in leading teams of modelers, forecasters, and policy analysts. His experience ranges from long-term structural analyses of the economic impact of environmental policies, trade policies, and tax reforms, to short-term monitoring of the business cycle and analysis of monetary and fiscal policies.
Before joining the World Bank in 2000, Mr. Timmer was head of international economic analysis at the Central Planning Bureau in the Netherlands. In this role, he oversaw global scenario studies and supervised the development of two world models. He has vast experience working with the European Commission, Intergovernmental Panel on Climate Change (IPCC), and the Organization for Economic Co-operation and Development (OECD), as well as with the Indian Planning Commission and the Chinese Academy of Social Sciences. He holds a Master’s degree in econometrics from Erasmus University in Rotterdam, and was a researcher at the University of Lodz in Poland and at the Netherlands Economic Institute.
Yerzhan Tutkushev, Director, Samruk-Kazyna JSC
Mr. Tutkushev began his career with Japan Tobacco International in St. Petersburg in 2004.
He has gained a broad experience in finance and strategic planning working in various positions in Development Bank of Kazakhstan JSC, Ernst & Young and PricewaterhouseCoopers.
He held a number of leadership positions within Astana-finance, Samruk-Kazyna Invest and Samruk-Kazyna, including Deputy Director of Business Development, Со-Managing Director for New Industries Development of Samruk-Kazyna.
Mr Tutkushev has served as Director of Assets Development Department of Samruk-Kazyna since January 11, 2018.
He holds a Master's degree in Finance from the University of Illinois at Urbana-Champaign.
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