Marat Elibaev appointed Chairman of the Board of DBK

Baiterek Holding, the sole shareholder of the Development Bank of Kazakhstan (DBK), has appointed Marat Elibayev as the Chairman of the Board of DBK. Previously, Marat Elibaev served as Deputy Chairman of the Board of DBK.

Born in 1984, Elibayev graduated from the Kazakh Economic University named after T. Ryskulov, majoring in Finance and Accounting. Additionally, he holds a Master’s degree in Finance from the London Business School under the international Bolashak program. Elibayev is a member of the Presidential Youth Personnel Reserve.

His professional journey commenced in 2004 at Deloitte, a Big Four company, where he worked as an auditor and senior auditor. During his tenure, he audited projects across diverse sectors, including metallurgy, mining, oil and gas, transport and logistics, as well as state-owned enterprises. Transitioning to PricewaterhouseCoopers from 2007 to 2010, Elibayev served as a mergers and acquisitions manager. From 2010 to 2014, he held the position of Investment Director/Vice President at CITIC Kazyna Investment Fund I L.P. In 2014, he assumed the role of Chief Banker for the Energy Department Eurasia, Middle East, and Africa at the European Bank for Reconstruction and Development (EBRD). In this capacity, he played a key role in developing the renewable energy program in Kazakhstan.

Marat Elibayev was appointed Deputy Chairman of the Board of DBK in March 2022. His recent appointment as Chairman follows the departure of Nurlan Baibazarov, who assumed the role of Chairman of the Board of Baiterek Holding on October 5, 2023.

For reference:

The Development Bank of Kazakhstan, a subsidiary of Baiterek National Managing Holding, is a national development institute specializing in the financing and development of large-scale infrastructure and industrial facilities in Kazakhstan.

Public Relations Service at the Development Bank of Kazakhstan:

Phone number: 8 (7172) 79 26 08

Website: www.kdb.kz