Dr. Kairat Kelimbetov, Andrew Gamble, and
Philippe Vogeleer Bring Board Membership to Seven. Jason Kerr
Appointed as Chief Legal Officer
Freedom Holding Corp. (the “Company”) (NASDAQ: FRHC), a
multi-national diversified financial services holding company with
a presence through its subsidiaries in 19 countries, today
announced the addition of new members to its board of directors and
the creation of a chief legal officer position, effective May 28,
2024. Appointees include an employee director and two independent
directors, all with a focus on supporting the continued enhancement
of corporate governance, enterprise risk management and
compliance.
Freedom Holding Corp.’s Expanding Global Footprint…
“It is with great pleasure that we welcome the appointments of
Dr. Kairat Kelimbetov, and Messrs. Andrew Gamble and Philippe
Vogeleer to the Freedom Holding Corp. board of directors,”
commented Timur Turlov, the chairman of the board of directors and
CEO of the Company. “As we continue to expand our global footprint
in jurisdictions with diverse regulatory, compliance, and
operational policies, the board of directors felt it was in the
best interest of all stakeholders to augment the expertise of our
existing board with new board members who have diverse
international enterprise leadership experience, deep and varied
global operational and governance knowledge, and worldwide
strategic positioning know-how to help Freedom further develop its
current operations, as well as establish new business frontiers. We
expect that our new board makeup will contribute significantly to
the Company’s long-term success,” the CEO stated.
Kairat Kelimbetov, Ph.D.
With nearly three decades of founding and leading
high-performing organizations, occupying senior-level government
office positions, and serving on numerous boards, Dr. Kelimbetov’s
experience includes: being a Founding Governor of the Astana
International Financial Center (AIFC) - a key financial hub for the
region including Central Asia, the Caucasus, the Eurasian Economic
Union, the Middle East, West China, Mongolia, and Eastern Europe;
Chairman of the Agency for Strategic Planning and Reforms, Governor
of the National Bank of Kazakhstan; Deputy Prime Minister of
Kazakhstan; Chairman of the Eurasian Economic Commission; Minister
of Economic Development and Trade, Chief Executive Officer of
Samruk-Kazyna Sovereign Wealth Fund; Minister of Economy and Budget
Planning; Chief of Staff to the President of the Republic of
Kazakhstan and Founding CEO of Kazyna Sustainable Development
Fund.
Dr. Kelimbetov has driven substantial economic reforms,
established and managed major development institutions, and
implemented national investment strategies and development policies
in Kazakhstan, in addition to playing a significant role in the
nation’s macroeconomic policy overhaul, sovereign wealth fund
management and the execution of key state and corporate financial
transactions.
Dr. Kelimbetov earned a Master of Studies in Sustainability
Leadership from the University of Cambridge, a Ph.D. in Economics
and a BSc in Computational Mathematics and Cybernetics from Moscow
State University. He attended the National Higher School of Public
Administration in Almaty, Kazakhstan and he has an Executive
Certificate and Pew Economic Freedom Fellowship from the Harvard
Kennedy School and the E. Walsh School of Foreign Services at
Georgetown University, respectively. He holds honorary
professorships from Tsinghua University in Beijing, the Eurasian
Economic Club of Scientists Association in Kazakhstan, and an
honorary Doctorate of International Relations from the Geneva
School of Diplomacy and International Relations.
As an international figure, Dr. Kelimbetov has represented
Kazakhstan globally, fostering relations with key investment,
business and governmental figures and has published extensively,
including co-authoring “A Perfect Storm” a book on sustainable
development.
He is a former member of the International Advisory Board of the
Ministry of Economy and Planning of the Kingdom of Saudi Arabia and
is a frequent participant and speaker at international forums and
conferences, including the World Economic Forum in Davos, World
Bank and International Monetary Fund annual meetings, the Qatar
Economic Forum, CERA Week, the Boao Forum for Asia and the
International Finance Forum. Since May, 2023, Dr. Kelimbetov has
held the role of Strategic Advisor at Freedom Horizons, a
subsidiary of the Company, and is considered an employee
director.
Andrew Gamble
Mr. Gamble’s nearly 50-year legal and advisory career includes
tenures in Asia, Africa, South America and Europe, and he has led
teams that have acted for the governments of Sierra Leone, Guyana,
Mozambique and Ethiopia. As a partner in the international
American-British law firm Hogan Lovells, his legal career has
involved advising banks and structuring financings for numerous
international entities in the Middle East and CIS, including
Kazakhstan.
While at Hogan Lovells Mr. Gamble held several senior management
positions such as Head of International Banking, London Regional
Managing Partner, member of the International Management Board and
Head of the Africa Practice, and he was instrumental in the opening
of the firm’s offices in Moscow, Warsaw, Dubai and Johannesburg. He
also served in Hogan Lovells’ Frankfurt office. He has deep
financial sector expertise and was retained by the British
Government to advise on the securitization of over £2 billion in
loans to the higher education sector in the United Kingdom.
Mr. Gamble currently works as an independent consultant on
corporate, legal and finance matters, which includes serving as an
independent director on several boards. He is on the board of
Africa Credit Opportunities Limited, and recently stepped down from
the board of Zenith Bank (UK) Limited. He is chairman of the board
of Grata International, a Swiss verein which acts as a holding
company for the various offices of a regional law firm focused on
the former Soviet Union and neighboring countries.
Mr. Gamble’s charitable work has included serving as a director
and trustee of ENT UK, and he has advised the Royal College of
Surgeons of England in several capacities. He has authored,
co-authored, contributed to, and edited numerous financial and
legal publications. He earned his Bachelor of Arts Law, with
Honours, from St. Catharine’s College in Cambridge and his
professional qualifications at the College of Law, Guildford.
Philippe Vogeleer
Mr. Vogeleer is a Chartered Director specialized in creating
partnerships between corporations, governments and international
organizations. He has lived in ten countries, worked in over 100.
He has managed teams ranging in size from one to over 3000, with
corresponding profit and loss responsibility. Mr. Vogeleer started
his career advising companies such as Telenor, Bertelsmann and
Orange for Deloitte before moving to various operational roles in
mobile operators for Orange and Ooredoo in Europe, the Middle East,
and Asia. He joined Vodafone Group in early 2012, where he
originally handled negotiations as corporate diplomat before
advancing to work on investment partnerships with large
multi-national corporations; global mobile network operators;
public authorities in Europe, the Middle East, and in Africa; and
with international organizations such as British International
Investment, the European Investment Bank, the World Bank Group, the
U.S. International Development Finance Corporation, and the U.S.
Agency for International Development. Recent successes include
various European transactions; new mobile licenses in the Middle
East and in Africa; obtaining significant public subsidies to
support the creation of R&D centers in Spain and Germany; the
largest win for Vodafone in emerging markets in 25 years; and the
largest deal between Vodafone and the World Bank Group ever. He now
advises a small number of companies as a non-executive, teaches to
MBA students, and supports the work of various international
charities including Global Citizen.
Mr. Vogeleer earned his Bachelor’s degree in law from UCL,
Belgium; completed postgraduate courses in Telecoms Law at KUL,
Belgium, and in competition law at King’s College in London, United
Kingdom; and obtained a Master's degree in Law, from UCL, Belgium;
a Master’s degree in Media, from the University of Stirling in the
United Kingdom; an executive Master’s degree in business
administration, from Insead (Cedep), France; and a Master’s degree
in corporate governance from the Institute of Directors, in the
United Kingdom.
Former Company Board Member, Jason Kerr, to Take on Role of
Chief Legal Officer (“CLO”)…
“I am also pleased to announce the creation of a CLO position
for the Company. This new role is designed to assist us in
establishing a unified legal structure across the enterprise and
improve the coordination of the multi-jurisdictional legal affairs
of the Company. Working with local legal teams, the CLO will occupy
a vital role for the Company as we continue to develop our business
segments internationally, and will aid in our regulatory
compliance,” commented Turlov. “Our former board member, Jason
Kerr, has resigned his position as a Freedom Holding Corp. member
of the board of directors and has agreed take on this role. We
expect that his time as a Freedom Holding Corp. director, coupled
with his experience as both in-house and external legal counsel,
will serve him well in this capacity,” he added.
Mr. Kerr earned his Bachelor of Science degree in economics (Phi
Beta Kappa) and a Juris Doctor from the University of Utah in 1998
where he was named a William H. Leary Scholar. He was a founding
member of the commercial litigation firm of Price, Parkinson &
Kerr and served as the General Counsel of Basic Research, LLC, a
food, cosmetic and dietary supplement company. Mr. Kerr was a
partner in the insurance practice at the law firm of Plant,
Christensen & Kanell, and a commercial litigator at Lewis Roca.
During Mr. Kerr’s 26 year legal career, he has represented clients
in many industries, including some of the largest casualty and
life, health and disability insurance companies in the world, real
estate developers, lenders, construction companies, international
food ingredient manufacturers, cosmetic companies, a textile firm,
and dietary supplement companies in commercial transactions,
regulatory matters, international trade and litigation, including
complex commercial litigation and class action defense.
About Freedom Holding Corp.
Freedom Holding Corp., a Nevada corporation, is a diversified
financial services holding company conducting retail securities
brokerage, securities trading, investment research, investment
counseling, investment banking and underwriting services,
mortgages, insurance, and commercial banking as well as several
ancillary businesses which complement its core financial services
businesses, all through its subsidiaries, operating under the name
Freedom24 in Europe and Central Asia, and Freedom Capital Markets
in the United States. Through its subsidiaries, Freedom Holding
Corp. employs more than 6,000 people and is a professional
participant in the Kazakhstan Stock Exchange, the Astana
International Exchange, the Republican Stock Exchange of Tashkent,
the Uzbek Republican Currency Exchange, and is a member of the New
York Stock Exchange and the Nasdaq Stock Exchange.
Freedom Holding Corp. is headquartered in Almaty, Kazakhstan,
and has operations and subsidiaries in 19 countries, including
Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan,
and Azerbaijan, among others.
Freedom Holding Corp.'s common shares are registered with the
United States Securities and Exchange Commission and are traded
under the symbol FRHC on the Nasdaq Capital Market, operated by
Nasdaq, Inc.
To learn more about Freedom Holding Corp., visit
www.freedomholdingcorp.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking" statements, including
with respect to Freedom Holding Corp.'s potential for future growth
and success, the contribution of existing and new board of
directors members to any potential success, the success of the
Company’s former board member in the newly created role of chief
legal officer, and the potential of any enhancement of corporate
governance, enterprise risk management, and compliance for the
Company. All forward-looking statements are subject to uncertainty
and changes in circumstances. In some cases, forward-looking
statements can be identified by terminology such as "expect,"
"new," "plan," "seek," and "will," or the negative of such terms or
other comparable terminology used in connection with any discussion
of future plans, actions, and events. Forward-looking statements
are not guarantees of future results or performance and involve
risks, assumptions, and uncertainties that could cause actual
events or results to differ materially from the events or results
described in, or anticipated by, the forward-looking statements.
Factors that could materially affect such forward-looking
statements include certain economic, business, and regulatory risks
and factors identified in the Company's periodic and current
reports filed with the U.S. Securities and Exchange Commission. All
forward-looking statements are made only as of the date of this
release and the Company assumes no obligation to update
forward-looking statements to reflect subsequent events or
circumstances. Readers should not place undue reliance on these
forward-looking statements.
Website Disclosure
Freedom Holding Corp. intends to use its website,
https://ir.freedomholdingcorp.com, as a means for disclosing
material non-public information and for complying with U.S.
Securities and Exchange Commission Regulation FD and other
disclosure obligations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240603448070/en/
Ramina Fakhrutdinova (KZ) Public Relations
Freedom Finance JSC +7 777 377 8868
pr@ffin.kz
Al Palombo (US) Global Communications Chief
Freedom US Markets +1 212-980-4400, Ext. 1013
apalombo@freedomusmkts.com
Freedom (NASDAQ:FRHC)
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