TBC Group announces the appointment of Oliver Hughes as Head of International Operations of the Group, effective from September 14, 2023 - reads the document published on the London Stock Exchange's website.
According to the statement, Mr Hughes has also been appointed to the Executive Committee of TBC PLC. Nika Kurdiani will become CEO of the Group's business operations in Uzbekistan and will remain as a member of the Executive Committee of TBC PLC.
"Mr Hughes is a renowned fintech entrepreneur and manager with over 25 years of experience building and scaling up fintech businesses in Emerging Markets. In particular, he spent 15 years as the CEO of Tinkoff Group, during which time he led the evolution of the company from launch to being one of the largest and most profitable digital banks in the world", - reads the statement shared by TBC Group.
Vakhtang Butskhrikidze, CEO, TBC Bank, commented: "I am delighted to welcome Oliver Hughes to lead our international expansion strategy. I strongly believe that his extensive experience in the development of fintech businesses will prove extremely valuable to TBC and will play a crucial role in our future endeavours, helping to take our company to new heights."
Mr Hughes commented: "I am excited to be joining the TBC team to lead the build out of their international operations. TBC already has a great fintech business in Uzbekistan and I look forward to working with Nika and the team to scale this up significantly. There is a huge opportunity in Uzbekistan and this digital banking strategy can potentially be replicated in other international markets in the future."
