Starting from September 1, 2026 Yedil Medeu completes his work at Central Securities Depository JSC (KCSD) after being member of the Company’s Management Board more than five years.

Yedil Medeu joined the Central Securities Depository team in June 2021 as Deputy Chairman of the Management Board. His responsibilities included strategy and business development, depository operations, risk management, international cooperation, and communications. He headed the Central Securities Depository since March 2025.

During his tenure, KCSD expanded its international and regional links, increased its client base, and successively automated key recordkeeping and clearing processes.

By the end of the first half of 2026, compared to the beginning of 2025, the volume of assets under custody in local instruments, excluding government holding of shares has increased by 45%, while that in foreign instruments has increased by 16%. The number of brokerage accounts in the KCSD recordkeeping system reached 5.6 million. By the end of 2025, the Central Securities Depository’s net profit exceeded 2 billion tenge for the first time, with a profit margin of approximately 20%. 

Since the beginning of 2022, the number of foreign securities issues under depositary services has increased by 367% and reached 1,584. The number of financial institutions in the client base grew by 141%—to 128 institutions from 11 countries—and the share of non-residents and AIFC participants exceeded 62%.

KCSD has expanded its network of direct inter-depository and correspondent relationships with global banks and depositories of the United States, the Gulf states, Turkey, Azerbaijan, Armenia, and Tajikistan. This has expanded KCSD clients’ opportunities to trade in local and foreign financial instruments.

In addition, the Central Securities Depository continued to digitize its recordkeeping and clearing processes and began developing new areas of business, including custodial and crypto-custodial services, providing qualified tax intermediary services, and collecting data and maintaining registries of holders of digital financial assets.

“My time at KCSD has been an important professional milestone for me. Over the past five years, together with the team, we have implemented projects that have expanded the capabilities of Kazakhstan’s capital market and strengthened the Central Securities Depository’s international links and regional role. I thank the shareholders, the Board of Directors, my colleagues, and market participants for their trust and collaboration. I am confident that the team will continue to implement the strategy and develop KCSD’s services,” said Yedil Medeu.

The KCSD team thanks Yedil Medeu for his contribution to development of Kazakhstan’s financial market infrastructure, the Central Securities Depository’s international relations, and the digitization of its services. KCSD will continue to implement its strategy and ongoing projects.

For reference: Yedil Medeu has more than 17 years of professional experience in the financial sector. Over the years, he has worked for the Agency of the Republic of Kazakhstan on Regulation and Supervision of the Financial Market and Financial Institutions, the Committee for Control and Supervision of the Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, and the Agency of the Republic of Kazakhstan on Regulation and Development of the Financial Market.
About KCSD: KCSD is a key component of the financial market infrastructure of the Republic of Kazakhstan. KCSD provides centralized recordkeeping of securities, settlement of transactions withfinancial instruments, and maintenance of securities holder registries.