Askar Tashtitov is the President and CEO of Freedom Holding Corp., a position he's held since 2011. Tashtitov has been with the company in various roles since 2004, providing him with deep knowledge about the business. He earned his Bachelor...

Askar Tashtitov is the President and CEO of Freedom Holding Corp., a position he's held since 2011. Tashtitov has been with the company in various roles since 2004, providing him with deep knowledge about the business. He earned his Bachelor of Arts degree from Yale University, majoring in Economics and History. Besides leading Freedom Holding, he also has experience in investment banking and business management, which he gained from working at BMB Munai before it became Freedom Holding. His tenure at the company includes overseeing financial and operational goals, which directly impact bonuses for him and his team. He’s known for building valuable relationships in financial markets. In 2023, Tashtitov earned a total compensation of $1.4 million, significantly boosted by performance-based stock awards. Interestingly, he passed the CPA exam in 2006, which adds credibility to his financial expertise. It’s all about aligning his vision with shareholder interests, as seen in how his pay reflects the company’s performance. Over the years, he’s guided the company to grow, making it a key player in the investment sector. In essence, he blends finance know-how with real-world business challenges, making strategic decisions that shape the future of Freedom Holding Corp.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Askar Tashtitov

CEO of Freedom Holding

Education

Bachelor of Arts from Yale University, majoring in Economics and History

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

August 12, 1975 - 49 years ago

CEO of Freedom Holding for

13 years 10 months (Aug 2011 - Present)

Previous Experience

President of Freedom Holding Corp. since May 2006; Director since May 2008; Management Consultant specializing in oil and gas projects at PA Government Services, Inc.

Rivals

Competitors/colleagues of Askar Tashtitov

Holdings

See how much did Askar Tashtitov make over time.

Askar Tashtitov has a substantial investment in Freedom Holding Corp., reflecting his confidence in the company. Over the years, his ownership in stock fluctuated with the company’s performance, particularly jumping in value in recent years. For instance, by 2023, Tashtitov's...

Askar Tashtitov has a substantial investment in Freedom Holding Corp., reflecting his confidence in the company. Over the years, his ownership in stock fluctuated with the company’s performance, particularly jumping in value in recent years. For instance, by 2023, Tashtitov's total compensation included significant stock awards worth around $1 million. This shows that much of his wealth is tied to the success of Freedom Holding, highlighting his commitment to value creation for shareholders. His holdings have seen ups and downs, with not much engagement in stock selling, signaling strong belief in the company's direction. This commitment to long-term growth is a solid point for investors looking at the company's management stability.

Mar 18, 2025

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shares

FRHC @ $132.63

Insider Trading

See recent insider trades of Askar Tashtitov.

FRHC

53,000 shares

FRHC

May 18, 2021

Received

FRHC

$396.90K

FRHC at $13.23/share

Mar 16, 2020

Purchase

FRHC

$154.00K

FRHC at $5.50/share

Mar 2, 2018

Purchase

Compensation History

See how much did Askar Tashtitov make over time.

In 2023, Askar Tashtitov's total compensation hit approximately $1.4 million. His salary was $280,476, paired with a bonus of $442,034, which was awarded for meeting specific performance goals. The real kicker in his pay came from stock awards, which vested this past year, valued at around $1,028,840. This structure of his compensation ties a big part of his earnings directly to the company's performance, ensuring he focuses on creating value for shareholders. His bonus system boosts his pay based on achieving financial and operational targets, which shows that results matter. The way his compensation is crafted aims to align his interests with the company’s growth strategy.

Year

2023

Total Compensation

$1.80M

Salary

$280.48K

Board Justification

The compensation philosophy is designed to align executive compensation outcomes with the Company’s commitment to execute on market leadership, revenue growth, and enhanced stockholder value and returns.

Bonus

$442.03K

Board Justification

The bonus is based on the achievement of financial, strategic, and operational goals for the fiscal year 2023.

Other

$47.84K

Board Justification

This includes salary-related income taxes, mandatory contributions to the nationally-sponsored pension program, and social insurance.

Restricted Stock

$1.03M(14.58K RSU)

Board Justification

The stock awards that vested during the fiscal year ended March 31, 2024, were based on performance metrics and were granted in previous years.

Performance Metrics

The performance metrics for determining the compensation include financial, strategic, and operational goals.