Astana International Exchange (AIX) is pleased to announce that Citibank Kazakhstan JSC has become a Participant of the Astana International Exchange Central Securities Depositories (AIX CSD), thereby allowing international institutional investors to hold their assets at the AIX CSD under the bank’s custody.
Citibank in Kazakhstan processes a significant share of all corporate payments in the country, with a presence in the country since 1994.
Saule Zhakayeva, Chairman of the Management Board of Citibank Kazakhstan JSC, noted:
“In Kazakhstan, we follow global Citi’s mission of enabling growth and economic progress. I believe that this partnership with Astana International Exchange Central Securities Depositories is a prominent milestone for Citibank Kazakhstan JSC and our clients, including international investors and the government of the Republic of Kazakhstan.”
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details:www.aix.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus. www.aifc.kz