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Sovereign Wealth Funds Briefing - Categorized | People

Kazakh leader appoints new central bank chief, fund changes eyed

Posted on 02 October 2013

Kazakh President Nursultan Nazarbayev sacked the head of the central bank on Tuesday and replaced him with Deputy Prime Minister Kairat Kelimbetov, a move that could herald changes in the management of pension fund assets. The presidential press service said monetary policy would remain unchanged.
Outgoing Grigory Marchenko, 53, had been at the helm of the central bank since 2009 and was largely responsible for reshaping the banking and pension systems in Central Asia’s largest economy………………………………………..Full Article: Source


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