Grigori Marchenko
Encyclopedia
Grigory Alexandrovich Marchenko (also - Grigori Alexandrovich Marchenko) (b. 1959 in Kazakhstan) - Kazakhstan
financier, banker and statesman.
Marchenko was the Chairman of the Executive Board and CEO of Halyk Bank
. He served as Deputy Prime Minister of Kazakhstan
in 2004. Has served as the Honorary Consul of the Singaporean Government to the Kazakh government since 3 November 2006.
Since January, 22nd 2009 — the chairman of National bank of Republic Kazakhstan
.
in Washington D.C., United States
in 1994.
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.
and the growth of financial markets" on 15 March 2006 at the Hong Kong Theater, Clement House, Aldwych, for the London School of Economics.
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.
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 Nursultan Nazarbayev
has complete control over the fund, calling it "simply wrong" that the book refers to "the Russia
n 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
.
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
financier, banker and statesman.
Marchenko was the Chairman of the Executive Board and CEO of Halyk Bank
Halyk Bank
Halyk Bank is a commercial savings bank in Kazakhstan that also has branches in Georgia. Its full Kazakh name translates into English as "National Savings Bank of Kazakhstan Joint-Stock Company" and in Russian-language sources the bank is often referred to as Narodny Sberegatelny Bank Kazakhstana...
. He served as Deputy Prime Minister of Kazakhstan
Prime Minister of Kazakhstan
-Chairmen of the Council of People's Commissars:*Viktor Radus-Zenkovich *Mukhamedkhafiy Murzagaliyev *Saken Seyfullin *Nygmet Nurmakov...
in 2004. Has served as the Honorary Consul of the Singaporean Government to the Kazakh government since 3 November 2006.
Since January, 22nd 2009 — the chairman of National bank of Republic Kazakhstan
National Bank of Kazakhstan
-History:The National Bank was formed on April 13, 1993 with the reorganisation of the of the Soviet era Kazakh Republican bank to become the central bank of Kazakhstan.-External links:...
.
Education
He graduated from the Moscow State Institute of International Relations in 1984. He studied at Georgetown UniversityGeorgetown University
Georgetown University is a private, Jesuit, research university whose main campus is in the Georgetown neighborhood of Washington, D.C. Founded in 1789, it is the oldest Catholic university in the United States...
in Washington D.C., United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
in 1994.
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 GlobalizationGlobalization
Globalization refers to the increasingly global relationships of culture, people and economic activity. Most often, it refers to economics: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import...
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 Marchenko held a speech entitled "Caspian Oil Windfall: Who Will Benefit?" at a conference in Washington D.C. that the Open Society InstituteOpen Society Institute
The Open Society Institute , renamed in 2011 to Open Society Foundations, is a private operating and grantmaking foundation started by George Soros, aimed to shape public policy to promote democratic governance, human rights, and economic, legal, and social reform...
and the Center for Strategic and International Studies
Center for Strategic and International Studies
The Center for Strategic and International Studies is a bipartisan Washington, D.C., foreign policy think tank. The center was founded in 1962 by Admiral Arleigh Burke and Ambassador David Manker Abshire, originally as part of Georgetown University...
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.
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
Parliament of Kazakhstan
The Parliament of the Republic of Kazakhstan is the bicameral legislature of Kazakhstan, according to the 1995 Constitution of Kazakhstan. The lower house is the Majilis, with 77 seats, elected to four year terms, 67 in single seat constituencies and 10 by proportional representation...
regarding financial accountability, the fact that President Nursultan Nazarbayev
Nursultan Nazarbayev
Nursultan Abishuly Nazarbayev has served as the President of Kazakhstan since the nation received its independence in 1991, after the fall of the Soviet Union...
has complete control over the fund, calling it "simply wrong" that the book refers to "the Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
n Black Sea
Black Sea
The Black Sea is bounded by Europe, Anatolia and the Caucasus and is ultimately connected to the Atlantic Ocean via the Mediterranean and the Aegean seas and various straits. The Bosphorus strait connects it to the Sea of Marmara, and the strait of the Dardanelles connects that sea to the Aegean...
port of Ceyhan
Ceyhan
Ceyhan is a city in southeast Turkey and with 105,000 inhabitants it is the second largest city of Adana Province after the capital Adana. Ceyhan is the transportation hub for Middle Eastern, Central Asian and Russian oil and natural gas. It is situated on the Ceyhan River, from which it takes...
" which is in fact a Turkish
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
port
Port
A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land....
, 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
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...
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
Central Bank of the Russian Federation
The Bank of Russia or the Central Bank of The Russian Federation is the central bank of The Russian Federation. Its functions are described in the Russian constitution and in the special Federal law...
.