OREANDA-NEWS. On November 08, 2007 Alliance Bank JSC (Almaty, further - the bank), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE)  category "A" official list had provided KASE with the press-release in which is informed about changes in staff of Board of directors, reported the press-centre of KASE.

By the message of the bank on October 18, 2007 had taken place the prescheduled general meeting of shareholders of the bank, on which was accepted the decision about election of Saken Seifullin and Gyorgy Szelecki to the staff of Board of directors as independent directors.

Currently following persons are the members of Alliance Bank's Board of Directors: Mr. Margulan Seissembayev (Chairman), Mr. Bertrand Gossart, Mr. Robert May (Independent Director) and recently elected Mr. Saken Seifullin and Mr. Gyorgy Szelecki (Independent Director).

Mr. Saken Seifullin, holding a position of the Chairman of the Board in Seimar Alliance Financial Corporation (SAFC), shall represent the interests of SAFC as the principal shareholder in Alliance Bank's Board of Directors and address the issues of risk management, audit, appointment and remuneration.

As for Mr. Gyorgy Szelecki holding a position of Managing Partner in Central and Eastern European banking Consultants Ltd., as an independent member of Alliance Bank's Board of Directors, shall deal with accounting and financial reporting issues as well as supervise cooperation with the Bank's external auditors.

"Also, the Special General Meeting of shareholders extract had announcement that according to the applications addressed to the Chairman of the Board of Directors, the powers of - Mr. Anuar Beisebayev and Mr. Stuart Leighton - have been prematurely terminated. Resignation of Mr. Beisebayev, who is concurrently taking a position of a member of the Board of Directors of SAFC, was caused by necessity to reassign functions between the members of the Board of Directors of Alliance Bank and SAFC. Mr. Leighton resigned from the Board of Directors of Alliance Bank to avoid a conflict of interests, since he was appointed as a top manager at one of the Bank's corporate clients", - is said in the press-release.