Nur-Sultan, January 12th, 2022

**ForteBank announces appointment of a new Chairperson of the Management Board**

The Board of Directors of ForteBank has approved the nomination of the Chairperson of the Management Board; Mr. Reinis Rubenis will accept this post. Ms. Sholpan Nurumber, who has been holding an interim office of the Chairperson of the Management Board since 01.08.2021, shall continue in the capacity of the Deputy Chairperson of the Management Board and a member of the Management Board.

Mr. Reinis Rubenis has been working on financial markets of Europe for the past 25 years and is known as an experienced and efficient manager propelling the companies to the top. For the past 14 years, Mr. Rubenis has worked for the largest bank of Latvia, Swedbank, 5 of these years - in the capacity of the Chairperson of the Management Board. Mr. Rubenis has also been a member of the Board of Directors of Nasdaq Latvia and a member of the Board of Directors of the Latvian Central Depository. Under the management of Mr. Rubenis, the team of Swedbank became the leader of Latvian market in terms of assets and the number of customers, successfully integrated digital financial services and managed to create the strongest HR brand in the country.

The new CEO will focus on the primary strategic directions – improvement of the processes efficiency and acceleration of the delivery of new services to the market. The crucial groundwork for the upcoming changes lies in evolution of the customer experience management and development of a corporate culture of a European institute, as well as formation of partner programs with local and global companies.

While commenting on the appointment of Mr. Rubenis, the principal shareholder of ForteBank Mr. Bulat Utemuratov noted:

“Mr. Rubenis possesses an impressive professional expertise and experience of building up the flagship financial institutions in highly competitive markets. Throughout his career of many years, Mr. Rubenis has proved that his strength lies in his ability to form effective interaction with the market participants, regulators and partners. His expertise and vigor will help the Bank to create the best consumer experience for its customers and will lead the entire team to success.”

Mr. Reinis Rubenis also expressed his positive attitude to this new chapter of his career:

“I am excited to become a part of Forte and grateful to the shareholders for the utmost trust on their part. For my part, I would like to say with confidence that I will do everything to solidify the success of the bank and well-being of every customer. From today onward, we will build up Forte as a European bank trusted and loved by customers.”

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