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2 Kazakh lenders name new management board heads

Magzhan Auezov was appointed management board chairman at JSC ForteBank, replacing Talgat Kuanyshev.

The lender said in its Dec. 20 filing that Auezov was also appointed chairman of the board of directors at JSC Bank Kassa Nova.

In addition, ForteBank's management board deputy chair Sholpan Nurumbetova left the post to become management board chair at Bank Kassa Nova, while ForteBank appointed Guram Andronikashvili as first deputy chairman of its management board.

ForteBank and Bank Kassa Nova are both controlled by Kazakh businessman Bulat Utemuratov.