Yerzhan Toleubekov was appointed chairman of Tsesnabank JSC's management board.

The Kazakhstan-based lender said May 14 that Toleubekov will replace Yerzhan Tajiyakov, who was named management board chairman and a member of the board of directors at Tsesna Financial Holding JSC.

Tajiyakov, who will also join the board of directors of Tsesna-Garant Insurance Co., succeeded Yerkegali Yedenbaev, who became chairman of Tsesna-Garant's management board.

Toleubekov has been with Tsesnabank for six years, while Yedenbaev joined the lender in 2007.

Additionally, Dmitry Barbayanov, previously adviser to the head of digital banking at Tsesnabank, was appointed as a member of the lender's management board.