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Grigory Marchenko has been replaced by former deputy prime minister Kairat Kelimbetov as governor of the National Bank of Kazakhstan (NBK). The sudden move, announced on October 1, comes four years into the second term of the respected Marchenko, and just ahead of the central bank’s takeover of the country’s pension assets.
A statement from the presidential press office said Marchenko has been relieved of his post at the bank for “family reasons”. No further explanations were offered for the dismissal of Marchenko, who returned to the post for a second time in 2009 during the depths of the recent financial crisis.
President Nursultan Nazarbayev said in a statement published on the Akorda.kz website:"
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