OREANDA-NEWS. August 09, 2007. Special Shareholders Meeting of Alliance Bank JSC was held, where decision on prescheduled discharge of Board Member Mr. Zhomart Yertayev and election of Mr. Robert May to the Board of Directors of Alliance Bank JSC as an Independent Director was taken, reported the press-centre of Alliance Bank.

Currently (July of 2007) Mr. Robert May holds a position of Director, Corporate Affairs, PMI (Phillips Morris International) Affiliates in Russia and Belarus.

The main activities of Mr. Robert May as an Independent Director in the Board of Directors of Alliance Bank JSC would be protection of minority shareholders interests and improvement of corporate governance standards.

The Shareholders and Management of Alliance Bank JSC believe that reach managerial experience of Mr. May in PMI in Japan, Switzerland, Central and Eastern Europe, Kazakhstan and Russia will strengthen the institutional development of Alliance Bank, especially during the post IPO period.

Presently, following persons are the members of the Board of Directors of Alliance Bank JSC: Mr. Margulan Seissembayev (Chairman), Mr. Anuar Beissebayev, Mr. Bertrand Gossart and Mr. Stuart Leighton as the Independent Foreign Director.