Adil Mukhamejanov is leaving the position of Chairman of the Management Board of the Central Securities Depository, DKnews.kz reports.
On March 7, 2025, the Board of Directors of the Central Securities Depository has made the decision to terminate the powers of Adil Mukhamejanov as the Chairman of the Management Board of Central Securities Depository JSC effective from March 14, 2025.
Adil Mukhamejanov was appointed as the Chairman of the Central Securities Depository’s Management Board on March 01, 2021. During his tenure, the Central Securities Depository strengthened its position as an infrastructure organization in securities market of Kazakhstan and significantly expanded its client base, reaching a regional level.
Under his leadership, the Central Securities Depository’s Development Strategy of for 2022–2024 was developed and successfully implemented, and the first phase of the transformation of the Central Securities Depository into a local depository hub was completed.
Thus, the Central Securities Depository increased its operational efficiency, expanded its range of new products and services, and reached the regional level by expanding its correspondent and depository links. The number of the Central Securities Depository’s participants grew by 70 %, and the volume and number of financial instruments held in nominal keeping doubled. The number of brokerage accounts in the Central Securities Depository increased more than 25 times during this period, reaching 3.5 million.
The Central Securities Depository’s transformation was carried out in areas such as modernization of IT infrastructure, improvement of client services, and the enhancement of the human resources potential of the Central Securities Depository. Adil Mukhamejanov played an important role in strengthening relationships with key securities market intermediaries.
"The time I spent as the Chairman of the Central Securities Depository’s Management Board was a time of significant challenges, both for us and for Kazakhstan as a whole. We faced the need to adapt to the rapidly changing conditions of the local securities market and global financial markets, which required not only efficiency but also courage in decision-making. It is important to note that the Central Securities Depository’s transformation is not only our success but also a contribution to the development of the country's financial infrastructure. In the future, I hope the Central Securities Depository will continue its transformation, moving from a local depository hub to a regional clearing and settlement center, which will open new prospects for the market of Kazakhstan and strengthen its position in the international arena." – Adil Mukhamejanov.
Career and Professional Journey of Adil Mukhamejanov
Education
- In 2002 graduated from the Kazakh Academy of Labor and Social Relations (Almaty) with a major in "International Economics", qualification — Economist, International Relations Expert.
- In 2019 graduated from Nazarbayev University (Astana), Higher School of Business, qualification — Executive Masters of Business Administration (EMBA).
Work experience
- 2002—2019 — the National Bank of the Republic of Kazakhstan (Almaty):
- 2002—2004 —Chief Economist of the Settlements and Lending Division, Monetary Operations Department;
- 2004—2009 —Chief Analyst of the Analysis and Risks Division, Monetary Operations Department;
- 2009—2015 —Head of the Money and Credit Operations Division, Monetary Operations Department;
- 2015—2019 — Deputy Director of the Monetary Operations Department;
- 2019—2020 — FHS JSC, Managing Director, Director of the Investment Consulting Department.
- 2020—2021 —Kazakhstan Stock Exchange JSC:
- 02.2020—05.2020 — Advisor to the Chairman of the Management Board;
- 06.2020—02.2021 — Deputy Chairman of the Management Board.
- 01.03.2021 — 14.03.2025 — Central Securities Depository JSC, Chairman of the Management Board.
