Upon the decision of the Board of Directors of the Astana Financial Services Authority (AFSA), Nurkhat Kushimov was appointed as the Chief Executive Officer of AFSA from 18 March 2022.
Bubeev, who previously held this post, was elected a member of the Board of Directors of AFSA.
As Governor of the Astana International Financial Center Kairat Kelimbetov noted, “Nurkhat Kushimov has extensive experience in senior positions in the area of financial market regulation. At AFSA, he successfully oversaw the issues of legal support, company registration and development of financial technologies. He is very conversant with the latest trends in the development of new financial services, which determine how the financial markets will develop. I am confident that in a new capacity his knowledge and experience will help strike the necessary balance in supporting the innovative development of the AIFC financial markets and proper regulation.”
A Bolashak graduate, Nurkhat Kushimov holds a Master of Law degree from the University of Cambridge and has about 20 years of experience in the legal and financial area. Over the years, he has held various leadership positions in the civil service. He started his career at the AIFC in 2018 at the AIFC stock exchange (AIX), where he oversaw matters relating to the regulation of issuers, preparation and execution of IPOs of Kazakhstan’s and international companies. From 2019 until his current appointment, he was the Registrar of Companies, as well as a member of the AFSA Executive Board responsible for developing the main directions of a policy for financial technology regulation.
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 authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.
Over 1,200 firms from 63 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others.
The Astana International Financial Centre (AIFC) is an independent jurisdiction that began operations in 2018. In accordance with the 2025 Development Strategy, the key task of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and South Caucasus. www.aifc.kz
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