Every team member is a valuable asset to the company's business
Fonte Capital Ltd fosters an inclusive environment based on respect, unity, trust, and commitment to global goals, providing employees with equal opportunities for career growth, professional development, and mental well-being
The team is the foundation of Fonte Capital's success
Yerzhan Mussin
Chief Executive Officer

Yerzhan Mussin
Chief Executive Officer
Yerzhan has BSc in Mechanics & Mathematics from MSU named after Lomonosov M.V., a Certified Clearing Specialist qualification from Deutsche Borse (Eurex), and a Best Finance Specialist medal from Association of Financiers of Kazakhstan. Yerzhan was with Kazakhstan Stock Exchange (KASE) for 7 years where he led a team as the Director of Clearing and managed a number of key projects, including launching a derivatives market and introducing an internationally renowned T+2 settlement cycle. Following his experience with KASE, Yerzhan joined Almak Capital, a UAE-based investment firm, and Almak Ventures as a Partner. Acting as a CEO at Fonte Capital Ltd, Yerzhan holds an Approved Individual certificate issued by AFSA in Jan 2022. Yerzhan’s direct reports are CFO, COO, Risk Manager, Head of Project Management as well as compliance, anti-money laundering, and internal control staff members. Yerzhan is married with 4 children and in his spare time runs marathons across the world.
Arman Zhakhin
Chief Financial Officer

Arman Zhakhin
Chief Financial Officer
Arman has MSc and BSc in Economics from Moscow State University named after Lomonosov M.V. His professional experience includes working at Expert RA Kazakhstan rating agency, leading a risk management unit at KazMunaiGas, heading a finance department at PetroRetail and acting as an independent director at Atyrau Oil and Gas University. Acting as a CFO at Fonte Capital Ltd, Arman holds an Approved Individual certificate issued by AFSA in July 2023. He oversees the work of the Financial, Risk, and Investor Relations teams at the company. Arman is an author of a number of analytical pieces on the topics of finance and economics that are published and available online.
Pavel Afanasyev
Chief Operating Officer

Pavel Afanasyev
Chief Operating Officer
Pavel holds a Bachelor's degree in Business Economics from the Kazakhstan Institute of Management, Economics and Strategic Studies (KIMEP). Pavel's professional experience includes, in addition to commercial organizations, managing teams in various infrastructure, regulatory institutions and industry associations, including the Kazakhstan Stock Exchange (KASE), the Association of Financial Organizations of Kazakhstan (AFK), the Insurance Benefit Guarantee Fund, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market. He has a number of public awards for his contribution to the development of the financial sector of the Republic of Kazakhstan. Pavel has been managing operational tasks at Fonte Capital Ltd since December 2022. In particular, he oversees the work of several departments, namely the back office, information technology, human resources and administration, as well as the legal department.
Akbota Guzevatova
Human Resources Strategist

Akbota Guzevatova
Human Resources Strategist
Akbota Guzevatova, serving as the Director of Personnel at Fonte Capital Ltd, is a seasoned human resources professional with over 7 years of experience. Her deep understanding and strategic approach to HR functions contribute to the company's success and the development of its employees.
Throughout her career, Akbota has held various leadership positions in HR, including Director of Personnel at companies such as WeDo, HR Capital, and the Civil Aviation Academy. In each of these roles, she has demonstrated her strengths in recruitment, employee development, talent management, and fostering a positive corporate culture.
At Fonte Capital Ltd, Akbota plays a pivotal role in developing and implementing an HR strategy that aligns with the company's business objectives. She is actively engaged in attracting and retaining talented employees, ensuring their professional development and growth. Her focus on creating an inclusive and supportive work environment contributes to high employee satisfaction and productivity.
In addition to her professional accomplishments, Akbota has extensive experience in training and development. She has conducted trainings and onboarding programs for employees, facilitating their professional growth and development. Her ability to effectively communicate and motivate employees helps create a positive and productive work atmosphere.
Akbota Guzevatova is not only a seasoned HR professional but also a passionate individual who is committed to continuous growth and improvement of her skills. Her contribution to the success of Fonte Capital Ltd and her positive impact on employees make her a valuable asset to the company.
Alexandr Berdyugin
Chief Compliance Officer

Alexandr Berdyugin
Chief Compliance Officer
Alexander holds the position of compliance director at Fonte Capital Ltd. He has a university degree in economics and more than 20 years of experience in the financial industry. Alexander is a professional in finance, business valuation and strategic management.
He has repeatedly participated in the development and implementation of risk management, compliance management and anti-money laundering and anti-terrorist financing control systems, demonstrating a high level of professional training and organizational skills. Thanks to his experience, Alexander effectively identifies priority tasks, which allows him to achieve significant results in his work.
Alexander was awarded a commemorative medal of the Association of Financiers of Kazakhstan for his conscientious work and significant contribution to the development of the financial sector. He also holds a Certificate of Admission to perform AML work from the National Public Service Personnel Management Center JSC.
Alexey Gil
Chief Business Officer

Alexey Gil
Chief Business Officer
Mr. Gil is responsible for strategic business development, focusing on the creation and implementation of new investment products to expand the company’s portfolio.
Mr. Gil has over 20 years of experience in finance, during which he has specialized in asset management, financial analysis, and investment consulting for high-net-worth individuals (HNWI). Prior to joining Fonte Capital, Mr. Gil worked at IPS Capital, an asset management company based in the AIFC, for over 2 years. Earlier, he spent more than 7 years at BCS, the largest brokerage company in the CIS.
Before 2015, Mr. Gil held key positions at Zerich Capital Management, Basis Invest, and MDM Investments.
In 2002, he graduated from the Plekhanov Russian University of Economics and is a CFA charterholder.
Assel Bespayeva
Head of the Back Office Department

Assel Bespayeva
Head of the Back Office Department
Assel has over 14 years of experience in the financial sector, having worked in operations at companies such as Kazkommerts Securities, RESMI Investment and Financial House, Tengri Partners, and Fincraft, where she held positions ranging from Senior Specialist to Head of the Settlements and Reporting Department.
Assel graduated from Al-Farabi Kazakh National University with a degree in Accounting and Auditing.
Gulden Bayuakova
Chief Accountant/Head of Finance department

Gulden Bayuakova
Chief Accountant/Head of Finance department
Gulden has over 15 years of experience in the financial sector.
Throughout her career, she held positions at KazPost JSC, where she worked as a financial instruments accountant, as well as in the department responsible for executing transactions in the securities market.
Additionally, she has experience in private equity at Baiterek Holding, where she was involved in the consolidation of subsidiaries, accounting for associate and joint ventures, and equity instruments.
She graduated from North Kazakhstan State University named after M. Kozybayev and obtained an MBA degree from KIMEP University JSC.
Sergey Kim
Chief Risk Officer

Sergey Kim
Chief Risk Officer
Sergey Kim has over 15 years of experience in the financial sector, including 10 years at the largest bank in the Republic of Kazakhstan. He began his career in 2008 as a risk manager at JSC "BTA Securities".
In 2011, he joined JSC "Halyk Bank of Kazakhstan", where he advanced from a risk manager to Head of the Financial Risk Management Division, developing risk appetite strategies, assessing market risks, and conducting stress testing.
He also participated in the implementation of major projects, including:
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Implementation of the IFRS 9 standard in terms of the expected credit loss (ECL) model
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Development of the Risk Appetite Strategy
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M&A and Due Diligence for the mergers and acquisitions of JSC "Kazkommertsbank", JSC "BTA Bank".
In 2008, graduated from Lomonosov Moscow State University, Department of Mechanics and Mathematics, with a qualification of "Mathematician."
Sholpan Dosmakhanbet
Head of marketing department

Sholpan Dosmakhanbet
Head of marketing department
Sholpan is responsible for marketing, PR, and communications. She has over 10 years of experience in the development and promotion of investment and technology companies. Sholpan has held senior positions at QazTech Ventures, Qazaqstan Investment Corporation, and BGlobal Ventures. She graduated from the China University of Petroleum.
Yelizaveta Cherednichenko
Chief Legal Officer

Yelizaveta Cherednichenko
Chief Legal Officer
Yelizaveta Cherednichenko holds the position of Chief Legal Officer at Fonte Capital Ltd and has more than 19 years of experience in the legal field. She specializes in corporate law and transaction support, actively participating in the development and implementation of legal strategies.
Yelizaveta has extensive experience working on various projects, including structuring corporate transactions and providing legal consulting for large companies. She is the author of several dozen articles published in legal journals and newspapers.
For her contribution to the development of the financial sector and legal practice, Yelizaveta was awarded the "Best Financier" medal by the Association of Financiers of Kazakhstan.
Zhassulan Ospanov
CIO of Fonte Capital Ltd

Zhassulan Ospanov
CIO of Fonte Capital Ltd
He has more than 15 years of experience in the investment management space, having managed his own family office money and that of others funds throughout his career, with a focus on value investing.
He graduated from the Faculty of Mathematics and Statistics at Warwick University, having completed both undergraduate and postgraduate studies in Mathematics, Operational Research, Statistics and Economics.