Timur Turlov is a prominent entrepreneur and financial expert, best known as the founder and CEO of Freedom Holding Corp. (Nasdaq: FHRC). His company has played a crucial role in providing access to global financial markets, particularly for investors in Central Asia and Eastern Europe.
Early Life and Career
Born in 1987, Timur Turlov developed an early passion for finance. At the age of 16, he began his career as a trader, quickly gaining experience in stock markets. In 2008, amid the global financial crisis, he founded Freedom Finance, a brokerage firm that would later evolve into Freedom Holding Corp.
Some key milestones in his early career include:
- Gaining expertise in financial markets as a teenager
- Establishing Freedom Finance in 2008
- Expanding his business despite economic challenges
Growth of Freedom Holding Corp.
Under Turlov’s leadership, Freedom Holding Corp. has expanded into 22 countries, offering a range of financial services, including:
- Brokerage Services – Providing access to stock markets, including Nasdaq and NYSE
- Banking Solutions – Offering financial products tailored to investors
- Insurance Services – Helping clients protect their assets
- Investment Consulting – Advising businesses and individuals on financial strategies
In 2019, the company became the first financial institution from the CIS region to be publicly listed on Nasdaq, marking a significant milestone in its international expansion.
Commitment to Kazakhstan
In 2022, Turlov renounced his Russian citizenship and became a citizen of Kazakhstan, further solidifying his commitment to the country’s economic development. His contributions to Kazakhstan include:
- Investing in local businesses and startups
- Promoting financial literacy and education
- Supporting infrastructure development
Philanthropy and Social Contributions
Beyond finance, Turlov is actively engaged in philanthropy. In 2023, he was elected as the head of the Kazakhstan Chess Federation, aiming to promote intellectual sports among young people. Additionally, in 2024, Freedom Holding Corp. invested over $100 million in startups focused on:
- Healthcare – Funding medical innovations to improve public health
- Technology – Supporting digital transformation projects
- Education – Enhancing financial and business education in the region
A Vision for the Future
Timur Turlov is recognized as a visionary leader in the financial sector. His dedication to democratizing access to financial markets and leveraging technology for global expansion continues to shape the future of Freedom Holding Corp. As he pushes forward with innovation and investment, his influence on the financial industry remains profound. His long-term goals include:
- Expanding Freedom Holding Corp.'s presence worldwide
- Increasing investments in sustainable and innovative businesses
- Strengthening Kazakhstan’s position as a financial hub
With his relentless drive and strategic foresight, Timur Turlov remains a key figure in shaping the future of modern finance.