24.Jan .2020 16:43

TBC Bank Group announces certain changes to the composition of the Management Board

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TBC Bank Group PLC ("TBC PLC") announces certain changes to the composition of the Management Board of its principal subsidiary, JSC TBC Bank ("TBC Bank"). These changes are being driven by the appointment of a new Chief Risk Officer following the departure of the previous Chief Risk Officer at the end of his contractual term in order to pursue other career opportunities. As a result, TBC Bank has decided to implement the following structural changes to the composition of the Management Board:

1. Nino Masurashvili, Deputy CEO, who has previously been in charge of retail banking development of TBC Bank, has been appointed as the new Chief Risk Officer;

2. Tornike Gogichaishvili, Deputy CEO and Chief Operations Officer of the Bank has been appointed to lead retail banking business of the Bank;

3. Functions which have previously been carried out by the COO have been re-allocated to be the responsibility of the CFO or the Deputy CEO, SME & Micro Banking


“I would like to thank David Chkonia for his significant contribution to enhancing our risk management system and to wish him success in his future career. Also, I would like to wish Nino Masurashvili and Tornike Gogichaishvili success in their new roles,” Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank, commented.