TBC Bank Group PLC Management Board Structural Changes (8816A)
24 January 2020 - 10:20PM
UK Regulatory
TIDMTBCG
RNS Number : 8816A
TBC Bank Group PLC
24 January 2020
Structural Changes to the composition of the Management
Board
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
Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank,
commented:
"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."
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC PLC is a public limited company registered in England and
Wales that was incorporated in February 2016. TBC PLC became the
parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC
PLC is listed on the London Stock Exchange under the symbol TBCG
and is a constituent of FTSE 250 Index.
TBC Bank, together with its subsidiaries, is the leading
universal banking group in Georgia, with a total market share of
38.7% of loans and 39.3% of non-banking deposits as at 30 September
2019, according to data published by the National Bank of
Georgia.
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END
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