Grigori Marchenko

Grigory Alexandrovich Marchenko (also - Grigori Alexandrovich Marchenko) (b. 1959 in Kazakhstan) - Kazakhstan financier, banker and statesman.

Marchenko is the Chairman of the Executive Board and CEO of Halyk Bank. He served as Deputy Prime Minister of Kazakhstan in 2004. [http://asia.news.yahoo.com/061103/5/singapore239248.html Singapore appoints Honorary Consul in Kazakhstan] Channel News Asia] He is ethnically Russian [http://goliath.ecnext.com/comsite5/bin/pdinventory.pl?pdlanding=1&referid=2750&item_id=0199-2593841 Kazakhstan is known for its oil but its financial services sector is also boosting growth, as national bank governor Grigori Marchenko told The Banker.] Goliath] or Ukrainian. Has served as the Honorary Consul of the Singaporean government to the Kazakh government since 3 November 2006.

Education

He graduated from the Moscow State Institute of International Relations in 1984. [http://www.kazsociety.org.uk/events/2006/03/43.htm 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 in Washington D.C., United States in 1994. [http://www.accessmylibrary.com/comsite5/bin/pdinventory.pl?pdlanding=1&referid=2930&purchase_type=ITM&item_id=0286-814451 Interview: Grigori Marchenko, Governor Of Kazakhstan's National Bank: the consummate banker.] Access my Library]

Marchenko served at Kazakhstan's National Bank, the country's central bank, as Deputy Governor from 1994 to 1996. After that he worked as Head of the National Commission on Securities from 1996-1997, then as CEO of Deutsche Bank Securities (Kazakhstan) until 1999. Thereafter he returned as Governor to the National Bank which position he held from October 1999 till January 2004.

Development

Marchenko gave a speech on "The development of Kazakhstan in the period of Globalization and the growth of financial markets" on 15 March, 2006 at the Hong Kong Theater, Clement House, Aldwych, for the London School of Economics.

OSI/CSIS Conference

On 12 May, 2003 Marchenk held a speech entitled "Caspian Oil Windfall: Who Will Benefit?" at a conference in Washington D.C. that the Open Society Institute and the Center for Strategic and International Studies sponsored. In his speech, he defended the National Fund of Kazakhstan's management of revenues from Kazakhstan's petroleum production and he criticised 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. [http://www.homestead.com/prosites-kazakhembus/051403.html 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 the Parliament regarding financial accountability, the fact that President Nursultan Nazarbayev has complete control over the fund, calling it "simply wrong" that the book refers to "the Russian Black Sea port of Ceyhan" which is in fact a Turkish port, 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 Russian President Vladimir Putin and Putin's economic advisor Andrei Ilarianov, in May 2003. After the meeting there were rumors in the media that Putin had offered Marchenko a job in the Central Bank of the Russian Federation.

References