OREANDA-NEWS. April 16, 2008. Mikhail Lomtadze has a BBA degree received from European School of Management in Georgia and MBA degree received in Harvard Business School. Before joining Caspian Bank he was in charge of investments into the financial service sector at direct investments fund ‘Baring Vostok Capital Partners’, reported the press-centre of Caspian Bank.

Prior to that he managed his own company GCG Audit, the leading consulting company in Georgia, which in 2002 became a part of Ernst & Young Company, one of the largest auditing and consulting companies in the world.

The Kazakhstan Investment Fund is one of the state institutes of development of the Republic Kazakhstan. The Fund's activities began in July 2003.  The form of incorporation is a joint stock company with the Government 100% share interest in the authorized capital. The Fund's purpose is financial support to the private sector's initiatives in establishment of competitive industries in the non-primary sector of the economy by way of participation in the authorized capitals of newly established and operating organizations. The Fund shall act in the projects as a direct investor, purchasing up to 49% of shares.

The Fund is currently searching opportunities for establishing relations and developing ways for enhancing partnerships with highly reputable strategic investors and private equity funds interested in emerging markets.

Mr. Lomtadze’s experience working in such leading companies as “Center for Financial Technologies” (development of banking software) and “Europlan” (leading Russian leasing company) will help to upscale the level of corporate governance in the IFK, and will also assist in projects evaluation and further investments attraction.