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'''Grigory Alexandrovich Marchenko''' (or Grigori Alexandrovich Marchenko) (born 1959 in Kazakhstan) is a [[Kazakhstan]] financier, banker and statesman.

Marchenko was the Chairman of the Executive Board and [[CEO]] of [[Halyk Bank]]. He served as a Deputy [[Prime Minister of Kazakhstan]] in 2004.<ref name=SINGAPORE>[http://asia.news.yahoo.com/061103/5/singapore239248.html Singapore appoints Honorary Consul in Kazakhstan] Channel News Asia</ref><ref name=BANKING>[http://goliath.ecnext.com/comsite5/bin/pdinventory.pl?pdlanding=1&referid=2750&item_id=0199-2593841 Kazakhstan is known for its oil but its financial services sector is also boosting growth, as national bank governor Grigori Marchenko told The Banker.] Goliath</ref> He is the [[Honorary Consul]] of the [[Singaporean Government]] to the [[Kazakh government]] since November 3rd 2006 as well as the [[Honorary Consul]] of the [[Kingdom of Spain]] in [[Almaty]].

He won [[Euromoney]]'s 2003 Central Bank Governor of the year award.<ref>http://www.euromoney.com/Article/1002229/Central-bank-governor-of-the-year-2003-Kazakhstan-sets-CIS-banking-standard.html</ref> He also was chosen as the best financier of the year ("the Choice of 2000 of the Republic of Kazakhstan", "the Choice of 2005 of the Republic of Kazakhstan"). He was awarded with a breastplate "Honored Employee of the National Bank of Kazakhstan" in 2012.

From January 22, 2009, until October 1, 2013, he was the chairman of the [[National Bank of Kazakhstan|National Bank of the Republic Kazakhstan]].

==Education and career==
He graduated from the [[Moscow State Institute of International Relations]] in 1984.<ref name=BIO>[http://www.kazsociety.org.uk/events/2006/03/43.htm Development of Kazakhstan in the Period of Globalization and Growth of the Financial Markets] Kazakhstan Society in the United Kingdom</ref> He studied at [[Georgetown University]] in [[Washington D.C.]], [[United States]] in 1994.<ref name=TIRED>[http://www.accessmylibrary.com/comsite5/bin/pdinventory.pl?pdlanding=1&referid=2930&purchase_type=ITM&item_id=0286-814451 Interview: Grigori Marchenko, Governor Of Kazakhstan's National Bank: the consummate banker.] Access my Library</ref>

Marchenko served as a Deputy Governor from 1994 to 1996 at Kazakhstan's National Bank, the country's central bank. After that he worked as a Head of the National Commission on Securities from 1996–1997, then as a CEO of the Deutsche Bank Securities (Kazakhstan) from May 1998 until October 1999. He was the non-staff advisor of the President of the Republic of Kazakhstan from October 1997 until October 1999. Thereafter he returned as a Governor to the National Bank, the position he held from October 1999 till January 2004. He worked as the first deputy Prime minister of the Republic of Kazakhstan from January 2004 till April 2004. He was elected as a Chairman of board at a joint-stock company "Halyk bank of Kazakhstan", the position he held from January 2005 until January 2009 before being appointed a second time as the Governor of the National Bank of Kazakhstan on January, 22nd of 2009. He resigned from the position of the Governor of the National Bank on October, 1st 2013.<ref name=SINGAPORE/><ref name=BIO/>

==Development==
Marchenko gave a speech on "The development of Kazakhstan in the period of [[Globalization]] and the growth of financial markets" on 15 March 2006 at the Hong Kong Theater,Clement House, [[Aldwych]], for the [[London School of Economics]].<ref name=BIO/>

In 2011 Grigori Marchenko was put forward as a possible head of the [[International Monetary Fund]] by the leaders of governments of the [[Commonwealth of Independent States]] (CIS) association of former Soviet republics. He first heard of his candidacy by text message on the day it was agreed at a meeting of the Commonwealth of Independent States. However, later he has pulled out of the race to run the International Monetary Fund.<ref> http://www.telegraph.co.uk/finance/economics/8569266/Kazakhstans-Marchenko-the-reluctant-IMF-candidate.html </ref>

==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 Institute]] 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.<ref name=SPEECH>[http://www.homestead.com/prosites-kazakhembus/051403.html Marchenko Says National Fund Transparent, Criticizes New Book for Conceptual "Mistakes"] Embassy of Kazakhstan to the USA and Canada</ref>

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 [[Parliament of Kazakhstan|the Parliament]] regarding financial accountability, the fact that [[List of Presidents of Kazakhstan|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 [[Turkey|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.<ref name=SPEECH/>

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]].<ref name=BANKING/>

==References==
{{Reflist}}

{{DEFAULTSORT:Marchenko, Grigori}}
[[Category:1959 births]]
[[Category:Living people]]
[[Category:Georgetown University alumni]]
[[Category:Kazakhstani businesspeople]]
[[Category:Government ministers of Kazakhstan]]
[[Category:Chairmen of the National Bank of Kazakhstan]]

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69.58.42.90 at 21:38, 13 June 2016