Almaty:J.P. Morgan has announced the appointment of Yerbolat Zhumakhmetov as vice president of its Global Corporate Banking team, focusing on the Commonwealth of Independent States (CIS) countries.

According to Azeri-Press news agency, Zhumakhmetov will be based in Almaty, Kazakhstan, where he will undertake his new responsibilities.

Zhumakhmetov brings extensive experience to the role, having spent nearly a decade with the Kazakhstan division of Citigroup, where he served as acting head of the bank's Astana branch. His career also includes positions at Altyn Bank and HSBC Bank Kazakhstan. Notably, Zhumakhmetov completed an internship at J.P. Morgan in 2009.

J.P. Morgan, a part of the US financial group JPMorgan Chase and Co., is known for providing corporate and investment banking services globally.