29.Oct .2020 13:30

TBC Bank Appoints Giorgi Megrelishvili as Its CFO; Giorgi Shagidze Steps Down

TBC Bank Appoints Giorgi Megrelishvili as Its CFO; Giorgi Shagidze Steps Down
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TBC Bank Group PLC ("TBC PLC") announces that the Board has appointed Giorgi Megrelishvili as the company’s Chief Financial Officer and as a member of the management board (deputy CEO, Chief Financial Officer) of its main subsidiary, JSC TBC Bank (“TBC Bank”) starting from 28 October 2020.
Following Giorgi Megrelishvili’s appointment, Giorgi Shagidze has stepped down from his positions as deputy CEO of the Bank and Group CFO and as a member of the TBC PLC Board. As announced earlier, he will stay with TBC Bank until the end of the year in an advisory role to ensure a smooth transition.
Vakhtang Butskhrikidze, CEO of TBC PLC commented: “I would like to congratulate Giorgi Megrelishvili on his new role and wish him success as group CFO. He has very valuable skills and experience and has already become a great addition to our team and the company. We look forward to having a long and successful journey together. I would also like to thank Giorgi Shagidze for his tremendous contribution to the development of our company during the past 10 years and wish him all the very best with his future endeavors”.
Giorgi Megrelishvili has significant international experience in strategic financial management and regulatory risk compliance. He joined TBC Bank as deputy CFO in March 2020 with responsibilities for budgeting, NBG and IFRS reporting, financial analytics, and treasury. Before joining TBC Bank, Giorgi was Director, Head of Capital Risk and Stress Testing at Natwest Markets N.V. in Amsterdam, Netherlands and prior to that Giorgi worked for 11 years at Barclays Bank PLC in London, where he held various senior positions across Barclays' treasury and finance functions. Giorgi received his MBA degree with honors from the University of Cambridge, Judge Business School in 2008.