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BTA Chairman Saidenov Appointed Independent Director at Bank RBK

Anvar Saidenov, chairman of defaulted BTA Bank (BTA), was named independent director at Bank RBK, Kazakhstan’s 26th-largest lender by assets.

Saidenov is set to lead several committees of the board, including the risk committee, Almaty-based RBK said in a statement e-mailed today.

Saidenov, a former central bank governor, became BTA’s chief executive officer in February 2009 and was named chairman in August last year. BTA, which is seeking to overhaul its debt for a second time in as many years, targets reaching a restructuring accord by the end of this year after failing to make a January interest payment on dollar bonds due July 2018. Kazakhstan’s sovereign wealth fund Samruk-Kazyna took over BTA, the central Asian nation’s biggest bank by assets at the time, two months before its default in April 2009.

RBK’s board of directors is advised by Zhomart Yertayev, former chief executive officer of Alliance Bank, the first Kazakh lender to default in 2009.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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