Early Life
Timur Ruslanovich Turlov was born in Moscow, Russia, on November 13, 1987. He grew up in a post-Soviet era with his mother, who was a scientist. At a young age, Turlov developed an interest in the stock market. In 2003, he started his career as a trader at the Moscow branch of World Capital Investments (WCI). In 2005, he was hired by Yutreyd.ru to manage American stock market operations.
Rise to Success
In 2008, during the financial crisis, Turlov founded Freedom Finance, which provided access to US stock exchanges and brokerage services. He saw an opportunity to democratize investment opportunities, attracting retail investors by promoting American securities. In 2011, he moved to Almaty, Kazakhstan. In 2012, Freedom Finance expanded into Kazakhstan, becoming a leading brokerage company. Subsidiaries were opened in other countries between 2015 and 2018. In 2019, Freedom Holding Corp. was listed on the Nasdaq, making it the first financial institution from the Commonwealth of Independent States to be listed there.
Key Business Strategies
Turlov's strategies include a focus on technology, particularly AI-powered market analysis and digital payment systems. His business expanded by attracting retail investors and promoting American securities. Freedom Holding Corp. has grown into a global financial services company with operations in multiple countries and a diverse financial ecosystem in Kazakhstan.
Philanthropy
Timur Turlov is actively involved in philanthropic efforts. He supports educational initiatives, like the IQanat High School, and youth sports programs, including football and chess. Freedom Holding Corp. has allocated significant funds to support infrastructure, education, healthcare, and sports in Kazakhstan. Turlov believes in the importance of investing in the next generation and promoting sustainable development. In 2024, he became the chair of the Consultative Committee of the UN Global Compact in Central Asia.