Mukhtar Bubeyev is appointed as the CEO of Astana Financial Services Authority

Nur-Sultan, Kazakhstan – Mr. Mukhtar Bubeyev is appointed as the Chief Executive Officer of the Astana Financial Services Authority (AFSA) from 1 October 2020 by the decision of the Board of Directors of the AFSA.

Mr. Bubeyev is a qualified professional in banking supervision and financial services sector. Previously he was heading banking supervision at the Financial Markets Supervision Agency of Kazakhstan and National Bank of Kazakhstan. He also served as a board member of Kazakhstan’s central bank responsible for monetary policy.

Mukhtar joined AFSA as a Chief Policy Officer in January 2017. From 2018 he also served as an Acting CEO of AFSA. He has played an important role in establishment of the Astana International Financial Centre (AIFC) by development of regulatory and legislative framework of the AIFC.

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorization, registration, recognition and supervision of financial firms and market institutions in the AIFC.
www.afsa.kz

The Astana International Financial Centre (AIFC) was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. 
The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020.
In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.
The mission of the AIFC is in assisting the sustainable and long term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.”
The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.”
www.aifc.kz

Contact information:

Astana Financial Services Authority (AFSA)
Dinara Serikova
[email protected]
+7 701 35 905 70