Board of Directors

Meet the published Board of Directors, beginning with the Chair. Each profile identifies the Board member and the institution they represent.

Board register

Board of Directors

The published Board brings together leaders from member institutions across Uzbekistan’s capital market.

Open governing document: Board of Directors

Chair of the Board of Directors

Munir Yakubov

Represented institution
Portfolio Investmentspiamg.uzpiamg.com
Professional background
More than 20 years in investment banking, M&A, privatization, public offerings and corporate finance.

Leadership and composition

Member of the Board of Directors

Zafar Karimov

Represented institution
Freedom Broker Uzbekistanffin.uz
Professional background
Chief Executive Officer of Freedom Broker Uzbekistan, a registered professional participant in Uzbekistan’s securities market.

Member of the Board of Directors

Mansur Tirkashev

Represented institution
Leader Finance Capitallfcapital.uz
Professional background
More than 10 years in regulation and capital-market development; leads Leader Finance Capital since 2020.

Member of the Board of Directors

Farrukh Khojayev

Represented institution
KAP DEPOkapdepo.com
Professional background
Works in the securities market since 2000 and founded KAP DEPO in 2005.

Member of the Board of Directors

George Paresishvili

Represented institution
Kapital Securitieskapitalsecurities.uz
Professional background
More than 30 years in banking, investment banking and market infrastructure; led UZSE from 2022 to 2025.

Member of the Board of Directors

Bakhtiyor Shakirov

Represented institution
Birinchi Banklararo Depozitariybbd.uz
Professional background
More than 20 years in securities and depository services; leads Birinchi Banklararo Depozitariy since 2010.

Member of the Board of Directors

Tolibjon Mirzakulov

Represented institution
Jettjett.uz
Professional background
Works across fintech, artificial intelligence and digital transformation; co-founder of Jett.