Grigory Alexandrovich Marchenko (or Grigori Alexandrovich Marchenko (); born December 26, 1959) is a Kazakh financier, banker and politician. Marchenko was the Chairman of the Executive Board and

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Halyk Bank Halyk Bank () is a commercial savings bank in Kazakhstan that also has branches in Kyrgyzstan, Georgia, Russia, Tajikistan and Uzbekistan. Its full Kazakh name translates into English as "Peoples' Savings Bank of Kazakhstan Joint-Stock Company". ...

. He served as the

First Deputy Prime Minister of Kazakhstan The First Deputy Prime Minister of the Republic of Kazakhstan (; ) is a member of the Government of Kazakhstan. Similar to the Deputy Prime Minister of Kazakhstan, Deputy Prime Minister, the First Deputy is responsible for implementing policies est ...

in 2004.Singapore appoints Honorary Consul in Kazakhstan
Channel News AsiaKazakhstan is known for its oil but its financial services sector is also boosting growth, as national bank governor Grigori Marchenko told The Banker.
Goliath He is the

Honorary Consul A consul is an official representative of a government who resides in a foreign country to assist and protect citizens of the consul's country, and to promote and facilitate commercial and diplomatic relations between the two countries. A consu ...

of the Singaporean Government to the Kazakh government since November 3, 2006 as well as the

of the

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Almaty Almaty, formerly Alma-Ata, is the List of most populous cities in Kazakhstan, largest city in Kazakhstan, with a population exceeding two million residents within its metropolitan area. Located in the foothills of the Trans-Ili Alatau mountains ...

. He won

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's 2003 Central Bank Governor of the year award. He also was chosen as the Best financier of the year ("the Choice of 2000 of the Republic of Kazakhstan", "the Choice of 2005 of the Republic of Kazakhstan"). He was awarded with a breastplate "Honoured Employee of the National Bank of Kazakhstan" in 2012. He was twice the chairman of the National Bank of the Republic Kazakhstan: from 1999 to 2004 and from 2009 to 2013.

Education and career

He graduated from the

Moscow State Institute of International Relations Moscow State Institute of International Relations (MGIMO) (, also known as MGIMO University) is an higher education, institute of higher education located in Moscow, Russia. The institute is run by the Ministry of Foreign Affairs (Russia), Russian ...

in 1984.Development of Kazakhstan in the Period of Globalization and Growth of the Financial Markets
Kazakhstan Society in the United Kingdom He studied at

Georgetown University Georgetown University is a private university, private Jesuit research university in Washington, D.C., United States. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789, it is the oldest Catholic higher education, Ca ...

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in 1994.Interview: Grigori Marchenko, Governor Of Kazakhstan's National Bank: the consummate banker.
Access my Library Marchenko served as a Deputy Governor from 1994 to 1996 at Kazakhstan's National Bank, the country's central bank. After that he worked as a Head of the National Commission on Securities from 1996 to 1997, then as a CEO of the Deutsche Bank Securities (Kazakhstan) from May 1998 until October 1999. He was the non-staff advisor of the President of the Republic of Kazakhstan from October 1997 until October 1999. Thereafter, he returned as a Governor to the

National Bank of Kazakhstan The National Bank of Kazakhstan is the central bank of Kazakhstan. History The National Bank of Kazakhstan was established on the basis of the Kazakh Republican Bank of the State Bank of the USSR (since 1990, the State Bank of the Kazakh SSR; ...

, the position he held from October 1999 till January 2004. He worked as the first deputy Prime minister of the Republic of Kazakhstan from January 2004 till April 2004. He was elected as a Chairman of board at a joint-stock company "Halyk bank of Kazakhstan", the position he held from January 2005 until January 2009 before being appointed a second time as the Governor of the National Bank of Kazakhstan on January, 22nd of 2009. Furthermore, he resigned from the position of the Governor of the National Bank on October, 1st 2013.

Development

Marchenko gave a speech on "The development of Kazakhstan in the period of

Globalization Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, th ...

and the growth of financial markets" on 15 March 2006 at the

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Theatre, Clement House,

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, for the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

. In 2011 Grigori Marchenko was put forward as a possible head of the

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by the leaders of governments of the

Commonwealth of Independent States The Commonwealth of Independent States (CIS) is a regional organization, regional intergovernmental organization in Eurasia. It was formed following the dissolution of the Soviet Union, dissolution of the Soviet Union in 1991. It covers an ar ...

association of former Soviet republics. He first heard of his candidacy by text message on the day it was agreed at a meeting of the Commonwealth of Independent States. However, later he has pulled out of the race to run the International Monetary Fund.

OSI/CSIS Conference

On 12 May 2003 Marchenko held a speech entitled "Caspian Oil Windfall: Who Will Benefit?" at a conference in Washington D.C. that the

Open Society Institute Open Society Foundations (OSF), formerly the Open Society Institute, is an American grantmaking network founded by business magnate George Soros. Open Society Foundations financially supports civil society groups around the world, with the s ...

and the

Center for Strategic and International Studies The Center for Strategic and International Studies (CSIS) is an American think tank based in Washington, D.C. From its founding in 1962 until 1987, it was an affiliate of Georgetown University, initially named the Center for Strategic and Inte ...

sponsored. In his speech, he defended the National Fund of Kazakhstan's management of revenues from Kazakhstan's petroleum production, and he criticized a book published by the OSI with the same title as his speech referring, in particular, to 40 factual "mistakes" found by him in said book.Marchenko Says National Fund Transparent, Criticizes New Book for Conceptual "Mistakes"
Embassy of Kazakhstan to the USA and Canada Marchenko specifically took issue with the allegations that the Kazakhstan Government established the fund on a questionable legal basis, citing 30 amendments to several laws passed by the Parliament regarding financial accountability, the fact that

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsident ...

Nursultan Nazarbayev Nursultan Abishuly Nazarbayev (born 6 July 1940) is a Kazakhstani politician who served as the first president of Kazakhstan from 1991 to 2019. He also held the special title of Elbasy from 2010 to 2022 and chairman of the Security Council of ...

has complete control over the fund, calling it "simply wrong" that the book refers to "the

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port of

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" which is in fact a

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, but not, as asserted in the book, a Russian port. In conclusion, Marchenko proposed "that the book be recalled, and the chapter on Kazakhstan be rewritten." George Soros invited Marchenko to point out the mistakes he had found and undertook that these mistakes would be corrected. Marchenko met with

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Vladimir Putin Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Ru ...

and Putin's economic advisor Andrei Ilarianov, in May 2003. After the meeting there were rumours in the media that Putin had offered Marchenko a job in the

Central Bank of the Russian Federation The Central Bank of the Russian Federation (), commonly known as the Bank of Russia (), also called the Central Bank of Russia (CBR), is the central bank of the Russian Federation. The bank was established on 13 July 1990. It traces its beginnin ...

References

{{DEFAULTSORT:Marchenko, Grigori 1959 births Living people Georgetown University alumni Kazakhstani businesspeople Government ministers of Kazakhstan Chairmen of the National Bank of Kazakhstan First deputy prime ministers of Kazakhstan