EBRD Names New Managing Director for Central Asia

BUSINESS TURKMENISTAN
EBRD Names New Managing Director for Central Asia
Andre Küüsvek will oversee the EBRD's operations in Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan starting February 1, 2020.

European Bank for Reconstruction and Development (EBRD) appointed Andre Küüsvek as Managing Director for Central Asia.

According to the EBRD’s press release on January 17, he will be responsible for one of the most geographically diverse regions of the Bank’s operations, where the EBRD has invested US$ 15.6 billion (€14 billion).

In his new role, which he will assume on February 1, 2020, Mr. Küüsvek will be based in Nur-Sultan, Kazakhstan, and oversee the Bank’s operations in Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan.

“It is a great honour for me to lead the EBRD’s efforts in such a big and dynamic region. In many respects it feels like coming home to me because of my previous work experience in Kazakhstan,” Küüsvek said. “I will continue working on supporting the development of the private sector, the further integration of the region into the global economy and the improvement of the business environment.”

In previous positions at the EBRD, Küüsvek has served as Director for Local Currency and Capital Markets Development as well as country director in Ukraine and Kazakhstan.

Mr. Küüsvek is a native of Estonia and graduated from the Stockholm School of Economics.

EBRD has invested €295 million in Turkmenistan through 75 projects since it began operations in the country. The Bank has also provided advisory support to more than 200 small and medium-sized enterprises across Turkmenistan.