Our Securities Division specializes in best-in-class facilitation of trades for our clients as well as trading profitably using the bank's own capital.

At Tengri Capital  we maintain a fundamental viewpoint that profound understanding of financial markets dynamics, knowledge of multiple characteristics of a particular financial instrument and deep appreciation of client’s preferences enhances the overall success of a trading outcome.

The sales and trading teams at our Securities Division is thus fully backed by rigorous in-house analysis from our Research Division and employ a client-oriented approach to agency trading. The end product, therefore, is a thoroughly evaluated and relevant trade recommendation followed by execution in a timely and efficient manner. We approach our clients’ requests with great care and full regard to their goals and requirements.

Robust and sophisticated risk management is an integral part of any transaction and we thrive to make sure that all varieties of market risk are measured and controlled when we execute for our clients or own accounts. Clients wishing to hedge any of their current risk exposures can count on Tengri Capital to provide them with efficient and economically feasible solutions.

Tengri Capital delivers unmatched expertise and reliability in accessing regional markets for our international clients and through our partners around the globe we are able to provide direct market access to all major international markets to our local clients.

We are fully equipped to effectively facilitate transactions in the full range of instruments available on the Kazakhstan Stock Exchange (KASE) as well as the following asset classes in international markets:


  • Cash equities
  • Depositary Receipts
  • ETFs
  • Equity derivatives

Fixed income

  • Government bonds
  • Corporate bonds and convertibles
  • Interest rate swaps and other derivatives
  • Bond Indices

Money markets

  • Deposits / CDs
  • REPOs
  • Commercial paper

Foreign Exchange

  • Spot
  • Forwards
  • NDFs
  • Cross-currency swaps


  • Agricultural goods
  • Energy products
  • Metals
  • Commodity derivatives

Real estate

  • REITs
  • Mortgage loans and other real estate debt

Lead contact:
Chief Investment Officer and Head of Asset Management