Feb 23, 2026
The company that owns Alatau City Bank (formerly Jusan Bank),
First Heartland Securities (FHS), owned by billionaire Vyacheslav Kim, has
decided to change its name to United Group Alatau. This is according to the
company's disclosed corporate data.
First Heartland Securities acquired a stake in Alatau City
Bank even before the previous renaming, in early 2019. At that time, the
company acquired the crisis-stricken Tsesna Bank, which was soon renamed Jusan
Bank. In September 2021, Jusan Bank also took control of Galimzhan Yesenov's
ATFBank.
Bloomberg first reported on Vyacheslav Kim's intention to
acquire Jusan Bank in September 2024, citing its sources. It was only in July
2025 that Kim completed the purchase of the former Jusan Bank, gaining control
of FHS.
According to Forbes, Kaspi.kz co-founder Vyacheslav Kim is
the richest person in Kazakhstan, with an estimated net worth of $7.1 billion.
At the end of May 2025, he has announced that he planned to invest $1 billion
of his own funds in Alatau.
Read more: https://kz.kursiv.media/2026-02-23/fvfv-vladelec-alatau-city-bank-smenit-imya/