Very often, economic observers, call Samruk-Kazyna “a state within a state”.  Multi-billion budgets, state projects, control of massive cashflows…

Famous political observer, Mr. Daniyar Ashimbayev, discusses some details pertaining to the “Government of that State-Inside-State”:

“At present, there are six individuals on the Management Board of the National Welfare Fund Samruk-Kazyna

• Nurlan Zhakupov, CEO
• Nazira Nurbayeva, Managing Director, Economy and Finance
• Yernar Zhanadil, Managing Director, Development and Privatization,
• Yernat Berdigulov, Managing Director, Strategy and Asset Management,
• Nikolay Kazutin, Managing Director, Legal Support and Risks,
• Yelzhas Otynshiyev, Co-Managing Director, Strategy and Asset Management.

Nurbayeva, Kazutin and Berdigulov joined the company in the times, when Almasadam Satkalyev was the CEO. Zhanadal joined Samruk-Kazyna earlier, when Akhmetzhan Yessimov was the CEO.

When Nurlan Zhakupov stepped down from Kazakhstan Investment Development Fund (KIDF) Management Company Ltd. And came in charge of Samrul-Kazyna, Yelzhas Otynshiyev followed him from KIDF. Mr. Otynshyev already is a member of the Boards of Directors in QazaqGaz and Kazatomprom.

Mr. Zhakupov changed CEOs in Samruk-Energo (Kairat Maksutov instead of Serik Tutebayev) and Samruk-Kazyna Ondeu (Daniyar Mauletov instead of Meyir Sheraly).

Marat Tulebayev changed Mr. Zhakupov, as the CEO of KIDF.  Earlier, Mr. Tulebayev worked in Samruk-Kazyna, Kazatomprom, Corporation for Citizens and performed duties of CEO-1 in KIDF.