Board of Directors

Director and Chairman of the Board

Timothy Bennett
Director and Chairman of the Board
Mr. Bennett was behind the launch of AIX in 2018 and served as CEO till 2021. Previously he was the CEO of NZX, the operator of New Zealand’s securities and derivatives markets and provider of trading, post-trade and data services. Mr. Bennett led NZX through a period of significant organizational and regulatory change, including the replacement and upgrading of NZX’s trading and clearing systems, and the launch of 23 ETF through NZX Funds Management. Prior to joining NZX, Mr. Bennett was a Partner at Oliver Wyman and Boston Consulting Group in Asia. Mr. Bennett holds an MBA from the Wharton School, University of Pennsylvania and a B.C.A from Victoria University of Wellington.

Director and Chief Executive Officer

Assel Mukazhanova
Director and Chief Executive Officer
Assel Mukazhanova was appointed as Chief Executive Officer of the AIX from September 7, 2023.
Previously, Assel Mukazhanova has been serving as Chief Markets and Products Officer, Member of the Management Committee and since January 2023 headed the AIX as an Acting Chief Executive Officer.
Assel Mukazhanova had started her career in 1992 in Currency Operations department of Turan Bank. She has prev than 25 years of experience in the financial and banking services industry and before joining AIFC/AIX, Assel held a role of Executive Director at JSC “Kazkommertsbank” focused on international banking, capital markets, investor relations, M&A and strategy issues.
Mrs. Mukazhanova has an extensive work experience with the international business community being deeply involved into various milestone fund raising transactions including but not limited to syndicated loans, Eurobonds, securitization, private placements. She played a leading role in M&A transactions in the past and has been working on strategy development projects. Assel has been taking active part in pre-IPO transactions with strategic investors followed by one of the first international IPOs from Kazakhstan as well as the recently done IPO of NC JSC “Kazmunaygas”.
Assel graduated from the Kazakh Academy of Management with a degree in International Business and also followed executive courses at London and Harvard Business schools.

Director

Nurlan Kussainov
Director
Mr. Kussainov has an extensive work experience – prior to joining AIFC, he held the position of the Deputy Chairman of the National Bank of Kazakhstan for two years, headed the Development Bank of Kazakhstan, worked as a managing partner in the Al Falah Partners direct investment fund, headed the “Center for Marketing and Analytical Research” JSC, was an adviser to the Minister of Economy and Budget Planning of the Republic of Kazakhstan, and led a special group of the Ministry of Industry and Trade of the Republic of Kazakhstan on accession to the World Trade Organization in Geneva.
He graduated from the Kazakh State Academy of Management and Stanford Business School.

Independent Director

Janet Heckman
Independent Director
Mrs. Janet Heckman was the Managing Director for the Southern and Eastern Mediterranean (SEMED) Region at the European Bank for Reconstruction and Development (EBRD) from February 2017 until December 2019. Based in Cairo, she was also the Country Head for Egypt.
Mrs. Heckman joined the EBRD in Almaty in July 2012 from Citi as Director, Head of Kazakhstan and appointed as an independent Air Astana Board Director in 2019. During her long career at Citi, she spent time as EMEA Corporate and Investment Managing Director and held a number of field roles across EMEA, and was responsible for Global Relationship Banking across CEMEA.
Mrs. Heckman holds a Master’s of Science in Foreign Service with distinction from Georgetown University, Washington, D.C. and a BA in History from Kenyon College, Ohio. She also studied at the American University of Beirut, Lebanon.

Director

Hao Fu
Director
Vice Chair of the Global Business Committee, Shanghai Stock Exchange
Dr. Fu holds Ph.D. in Finance from Fudan University, and Master’s degree in Economics, Bachelor’s degree in International Trade from Sichuan University, China. He also serves as the Managing Director of the Global Business Development Department and Leader of the Free Trade Zone Trading Platform Preparation team of Shanghai Stock Exchange. Dr. Fu has received awards for Shanghai Financial leading talent (2017) and Shanghai Financial Innovative Figure (2014).

Independent Director

Patrick O’Brien
Independent Director
Patrick O’Brien is the founding partner of Blizzard Partners Limited, a UK-based investment and advisory boutique with interests in the UK and Asia.
Patrick currently sits on the Advisory Boards of a number of Companies & Funds.
Prior to that, he spent over six years as a Partner of ADM Capital LLP based in London. Patrick joined ADM Capital from UBS Investment Bank which he left after 21 years, most recently as the Head of European Debt Capital Markets responsible for financing and risk management activities of the bank in Europe.
His investment experience includes early stage, growth, and opportunistic investment, taking both majority and minority positions across a wide range of sectors including Technology, Consumer, Healthcare, Agriculture, manufacturing, Renewable Energy, Leisure, Real Estate, Transportation, and Education.
Patrick has an LLB(Hons) from University College London.
管理团队

Chief Executive Officer
Members of the Management Committee

Assel Mukazhanova
Director and Chief Executive Officer
Members of the Management Committee
Assel Mukazhanova was appointed as Chief Executive Officer of the AIX from September 7, 2023.
Previously, Assel Mukazhanova has been serving as Chief Markets and Products Officer, Member of the Management Committee and since January 2023 headed the AIX as an Acting Chief Executive Officer.
Assel Mukazhanova had started her career in 1992 in Currency Operations department of Turan Bank. She has more than 25 years of experience in the financial and banking services industry and before joining AIFC/AIX, Assel held a role of Executive Director at JSC “Kazkommertsbank” focused on international banking, capital markets, investor relations, M&A and strategy issues.
Mrs. Mukazhanova has extensive work experience with the international business community being deeply involved into various milestone fund raising transactions including but not limited to syndicated loans, Eurobonds, securitization, private placements. She played a leading role in M&A transactions in the past and has been working on strategy development projects. Assel has been taking active part in pre-IPO transactions with strategic investors followed by one of the first international IPOs from Kazakhstan as well as the recently done IPO of NC JSC “Kazmunaygas”.
Assel graduated from the Kazakh Academy of Management with a degree in International Business and also followed executive courses at London and Harvard Business schools.

Chief Financial Officer
Members of the Management Committee

Zharas Mussabekov
Chief Financial Officer
Members of the Management Committee
Zharas Mussabekov has over 15 years of experience in financial services. Prior to becoming CFO, he was the Head of Fund Operation division.
Before joining AIX, he led the Treasury Department at the National Company Kazakhstan Railways. Mr. Mussabekov also worked in the Baiterek National Management Holding’s corporate finance department and was involved in raising funds from the National Fund and the Republican budget. As an employee of the Development Bank of Kazakhstan, he participated in the Bank’s borrowings at debt capital markets and worked at the Bank’s Treasury.
Zharas started his career as an auditor at Deloitte, in the Financial Services Industry.
He holds a bachelor’s degree in finance from Eurasian National University named after L.N. Gumilyov.

Chief Information Officer
Members of the Management Committee

Talgat Zhexenov
Chief Information Officer
Members of the Management Committee
Talgat is a seasoned IT Management professional with a 30-year career spanning banking, telecommunications, oil and gas, and mining industries. Most recently, he served as Country IT Officer at TotalEnergies Italy for three years. Prior to this, he held key IT leadership roles at TotalEnergies E&P, Maersk Olie & Gas, AMEC, and WorleyParsons across Kazakhstan, Denmark, UAE, and Singapore.
With a strong foundation as a software developer, Talgat pioneered application of SMS technology in Kazakhstan (2006) and contributed to the nation’s first inter-banking payment system (1999). He also played a pivotal role in developing billing systems and interfaces for Kcell and Tele2.
Talgat holds a MPhil degree from KAZGU, an MSc with Merit from the London Metropolitan University, and has completed executive programs at University of Northern London and Cambridge Judge Business School.

Chief Operating Officer
Members of the Management Committee

Olivier Guéris
Chief Operating Officer
Members of the Management Committee
Olivier Gueris is a C-level Operations & Risk Management Executive with over twenty-five years of international experience within the Exchange industry.
After 7+ years as COO of Qatar Stock Exchange, crowned with an upgrade from Frontier to Emerging Market from MSCI, FTSE and S&P, Mr. Gueris moved on to Kazakhstan where he initially advised the Astana International Financial Centre to set up Astana International Exchange (AIX) and become the financial hub of Central Asia and beyond.
Prior to joining AIX, Olivier Gueris was the COO at Qatar Stock Exchange and held senior management positions at Turquoise MTF, Boston Options Exchange (BOX), the Australian Derivatives Exchange (ADX) and Euronext Paris.
Mr. Gueris holds a BA degree in Law from Université Panthéon Assas (Paris II).

Chief Markets and Products officer

Birzhan Astayev
Chief Markets and Products officer
Birzhan Astayev joined AIX in 2019 and was responsible for the development of products. In this capacity he worked on several projects including launch of Exchange traded notes, mobile application and launch of AIX Index.
He has over 20 years of experience in the financial services industry. Working in the banking industry, he led various projects, including strategy development and implementation, fund raising and relationships with key stakeholders.
He holds a bachelor's degree in finance from Kazakh State Academy of Management, graduated with honors.

Managing Director, Brokers Relationship

Olzhas Taubayev
Managing Director, Brokers Relationship
Olzhas Taubayev was appointed as Managing Director of Brokers Relationship of the AIX from 12 June 2023.
He started his career as Dealer on foreign exchange and money markets desks in JSC HSBC Bank Kazakhstan, he has more than 20 years in the financial industry. He also worked for State Accumulation Fund as the Head of treading, in Monetary operations department of National Bank, was Head of Treasury in Alfa-Bank Kazakhstan and Al Hilal Bank Kazakhstan. His last position was Deputy Head of the Banking analytics and stress-testing Department in Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market.
Olzhas has experience in balance sheet management, portfolio management and sales of different financial products. Throughout his career his focus was predominantly local and international capital markets.
Olzhas graduated from the Kazakh Academy of Management with a degree in International Business and he also followed Executive MBA program at Fuqua School of Business, Duke University.