Mr Karabayev was appointed a Deputy Chairman on 1 March 2007 after working as Managing Director of the Investment Banking and International Departments since 2004. He previously held a number of positions in credit analysis and project finance at ABN AMRO Bank Kazakhstan from 2001 to 2004. Mr Karabayev is an economics graduate of the Kazakh State Academy of Management and holds a master’s degree in finance from the Texas University, USA.