Edition:
India

Bank of Georgia Group PLC (BGEO.L)

BGEO.L on London Stock Exchange

1,333.00GBp
18 Oct 2019
Change (% chg)

2.00 (+0.15%)
Prev Close
1,331.00
Open
1,355.00
Day's High
1,355.00
Day's Low
1,300.00
Volume
39,273
Avg. Vol
54,078
52-wk High
1,777.00
52-wk Low
1,220.00

Summary

Name Age Since Current Position

Neil Janin

64 2018 Non-Executive Chairman of the Board

Archil Gachechiladze

2019 Chief Executive Officer, Executive Director

Sulkhan Gvalia

2019 Deputy Chief Executive Officer, Chief Financial Officer

Levan Kulijanishvili

2017 Deputy Chief Executive Officer, Chief Operations Officer

Vakhtang Bobokhidze

2018 Deputy Chief Executive Officer, Chief Information Officer

George Chiladze

2013 Deputy Chief Executive Officer, Chief Risk Officer

Levan Gomshiashvili

2019 Chief Marketing Officer

Nino Suknidze

2017 General Counsel, Georgia

Nutsa Gogilashvili

2019 Head of Customer Experience and Human Capital Management

Mikheil Gomarteli

2017 Deputy CEO, Retail Banking Emerging and Mass Retail, And Micro Business Banking

Eter Iremadze

2019 Head of SOLO Business Banking

Ekaterine Liluashvili

2019 Head of Wealth Management

Zurab Masurashvili

2019 Head of SME Business Banking

Giorgi Pailodze

2019 Deputy CEO, Corporate and Investment Banking

Andro Ratiani

2018 Head of Innovation

Alasdair Breach

49 2018 Non-Executive Independent Director

Tamaz Georgadze

2018 Non-Executive Independent Director

Hanna-Leena Loikkanen

50 2018 Senior Non-Executive Independent Director

Veronique McCarroll

2018 Non-Executive Independent Director

Jonathan Muir

2018 Non-Executive Independent Director

Cecil Quillen

2018 Non-Executive Independent Director

Andreas Wolf

2018 Non-Executive Independent Director

Biographies

Name Description

Neil Janin

Mr. Neil Janin is Non-Executive Chairman of the Board of the Company since 24 February 2018. Mr Janin serves as Chairman of Bank of Georgia Group PLC’s Nomination Committee, as well as being a member of the Remuneration Committee. Mr Janin also serves as a member of the Supervisory Board of the Bank. Mr Janin previously served as Chairman of BGEO Group PLC from October 2011 until May 2018, which included positions on BGEO Group PLC’s Nomination and Remuneration Committees. Mr Janin also served as a Non-Executive Director of Georgia Healthcare Group PLC, from September 2015 to April 2018. Mr Janin serves as counsel to CEOs of both for-profit and non-profit organisations and continues to provide consulting services to McKinsey & Company. Prior to joining the Bank in 2010, Mr Janin was a Director of McKinsey & Company, based in its Paris office, for over 27 years, from 1982 until his retirement. At McKinsey & Company, he conducted engagements in the retail, asset management and corporate banking sectors, and was actively involved in every aspect of organisational practice, including design, leadership, governance, performance enhancement and transformation. Before joining McKinsey & Company, Mr Janin worked for Chase Manhattan Bank (now JP Morgan Chase) in New York and Paris, and Procter & Gamble in Toronto. Mr Janin has practised in Europe, Asia and North America. Mr Janin is also a Director of Neil Janin Limited, a company through which he provides his ongoing consulting services. Mr Janin holds an MBA from York University, Toronto, and a joint honours degree in Economics and Accounting from McGill University, Montreal.

Archil Gachechiladze

Mr. Archil Gachechiladze is Chief Executive Officer, Executive Director of the Company since 28 January 2019. Mr Gachechiladze serves as CEO of the Bank. Prior to his recent appointment Mr Gachechiladze served as CEO of Georgian Global Utilities from January 2017 to January 2019. Mr Gachechiladze joined the Bank in 2009 as Deputy CEO, Corporate Banking (2009-2013) and has since held various roles with the Bank and the Group, such as Deputy CEO, Investment Management (2013-2015), CFO of BGEO Group (2015-2016) and Deputy CEO, Corporate and Investment Banking (2016-2017). Skills and experience Mr Gachechiladze has over 17 years of experience in the financial services, including various senior positions both in local and international organisations, such as TBC Bank (2008-2009), Lehman Brothers Private Equity (currently Trilantic Capital Partners) (2006-2008), Salford Equity Partners, KPMG and the World Bank’s CERMA (1998-2004). Education Mr Gachechiladze received his undergraduate degree in Economics from Tbilisi State University and holds his MBA with distinction from Cornell University. He is also a CFA Charterholder and a member of the CFA Society in the United Kingdom.

Sulkhan Gvalia

Mr. Sulkhan Gvalia is Deputy Chief Executive Officer, Chief Financial Officer of the Company since May 2019. Skills and experience Mr Gvalia has extensive experience in banking having worked in a number of senior management roles at the Bank, including Chief Risk Officer (2005-2012) and Head of Corporate Banking (2012-2016). Prior to these roles Mr Gvalia served as Deputy Chairman of the management board of TbilUniversalBank, prior to its acquisition by Bank of Georgia in November 2004. Prior to his recent appointment Mr Gvalia was the founder and CEO of E-Space Limited, Tbilisi – the only Georgian company developing the electric car charging infrastructure in Georgia. He also serves as a non-executive independent director at Inecobank (Armenia). Education Mr Gvalia holds a law degree from Tbilisi State University.

Levan Kulijanishvili

Mr. Levan Kulijanishvili is Deputy Chief Executive Officer, Chief Operations Officer of the Company. Prior to which he served as BGEO Group PLC’s CFO and as Deputy CEO, Finance of the Bank from February 2016. He has been with the Bank since 1997. Skills and experience During his 20 years of service, Mr Kulijanishvili has held various senior positions, including Head of Compliance and Internal Control from 2009 until his appointment as Deputy CEO, Finance, Head of the Internal Audit department (2000 to 2009), Manager of the Financial Monitoring, Strategy and Planning department (1999 to 2000) and Head of the Financial Analysis division (1997 to 1999). Education Mr Kulijanishvili received his undergraduate degree in Economics and Commerce from Tbilisi State University and received his MBA from Grenoble Graduate School of Business.

Vakhtang Bobokhidze

Mr. Vakhtang Bobokhidze is an Deputy Chief Executive Officer, Chief Information Officer of the Company since March 2018, prior to which he served as Head of IT since April 2016. Skills and experience Mr Bobokhidze joined the Bank in late 2005 as a Quality Control Manager through a progression of positions until he joined JSC Bank Republic in 2010. Mr Bobokhidze made his return to the Bank in December 2010 as IT Business Consultant and he currently holds the position Chief Information Officer. Education Mr Bobokhidze received his undergraduate and MBA degree from Tbilisi State University.

George Chiladze

Mr. George (Giorgi) Chiladze is an Deputy Chief Executive Officer, Chief Risk Officer of the Company since September 2013. He re-joined the Bank having already served as Deputy CEO, Finance from 2008 to 2012. Skills and experience From 2012 to 2013, Mr Chiladze was Deputy CEO at the Partnership Fund, and he served as general director of BTA Bank (Georgia) from 2005 to 2008. Prior to joining BTA Bank, he was an executive member of the Supervisory Board of JSC Europace Insurance Company and a founding partner of the management consulting firm, Altergroup Ltd. Mr Chiladze had previously worked in the US at the Programme Trading Desk at Bear Stearns in New York City, prior to returning to Georgia in 2003. Education Mr Chiladze received a PhD in Physics from Johns Hopkins University in Baltimore, Maryland and an undergraduate degree in Physics from Tbilisi State University.

Levan Gomshiashvili

Mr. Levan Gomshiashvili is Chief Marketing Officer of the Company since May 2019. Skills and experience Mr Gomshiashvili has extensive experience in marketing and communications. He started his career in Georgia in Georgian Railway, covering adverting and consulting roles. Before joining the Bank, Mr Gomshiashvili was the founder of HOLMES&WATSON, creative agency, where he acted as Key Account Manager for clients operating in banking, as well as other sectors. Mr Gomshiashvili is also the founder of Tbilisi School of Communication, educational facility with emphasis on ExEd. Education Mr Gomshiashivili received his MSc in Management from University of Edinburgh.

Nino Suknidze

Ms. Nino Suknidze is General Counsel, Georgia of the Company since December 2017. Skills and Experience Prior to joining the Bank, Ms Suknidze worked as Counsel at an international law firm Dentons Georgia. Ms Suknidze held a position of Legal Director at international law firm DLA Piper Georgia for several years after serving as a Senior Associate at the same firm. Prior to starting her career at a law firm, Ms Suknidze served as a legal advisor to financial director of United Energy Distribution Company of Georgia and senior legal advisor at Georgian representative office of PA Consulting Group GmbH. Ms Suknidze has experience of working with Georgian non-governmental organisations on various legal projects and worked as a foreign legal intern with various law firms in the US and the Netherlands. Education Ms Suknidze obtained her LLM (cum laude, Nuffic scholar) in Business and Trade Law from Erasmus University Rotterdam. She graduated with honors from faculty of International Law and International Relations of Ivane Javakhishvili Tbilisi State University and has qualification of a lawyer and a specialist of international law.

Nutsa Gogilashvili

Ms. Nutsa Gogilashvili is Head of Customer Experience and Human Capital Management of the Company since August 2019. Skills and Experience Ms Gogilashvili has over 8 years of experience in financial services, including various senior positions both in local and international organisations. She joined the Bank in May 2016 and has held various senior positions, including Head of Strategic Processes of Corporate and Investment Banking in 2016 and Head of Customer Experience Management since January 2017. Prior to joining the Bank she served as Head of Strategic Planning and Budgeting of TBC Bank. Ms Gogilashvili had previously worked in London as analyst at JP Morgan covering several product control roles (2011-2014). Education Ms Gogilashvili received her MSc in Finance from Cass Business School in London and an undergraduate degree in Economics from Moscow State Institute of International Relations.

Mikheil Gomarteli

Mr. Mikheil Gomarteli is Deputy CEO, Retail Banking Emerging and Mass Retail, And Micro Business Banking of the Company. Following the split of Retail Banking into two segments in February 2017 due to significant growth in the Retail Banking business, Mr Gomarteli assumed the role of Deputy CEO responsible for Emerging and Mass Retail Banking and Micro Business Banking. Prior to this, Mr Gomarteli had served as the sole Deputy CEO of Retail Banking since February 2009. He has been with the Bank since December 1997. During his 20 years of service with the Bank, Mr Gomarteli has held various senior positions, including Co-Head of Retail Banking (March 2007 to February 2009), Head of Business Development (March 2005 to July 2005), Head of Strategy and Planning (2004 to 2005), Head of Branch Management and Sales Coordination (2003 to 2004), Head of Branch Management and Marketing (2002 to 2003) and Head of Banking Products and Marketing (2000 to 2002). Mr Gomarteli received an undergraduate degree in Economics from Tbilisi State University.

Eter Iremadze

Ms. Eter (Etuna) Iremadze is an Head of SOLO Business Banking of the Company since May 2019. Skills and experience Ms Iremadze has over 18 years of experience in financial services. She joined the Bank in 2006 and has held various senior positions, including Head of Blue Chip Corporate Banking Unit covering structured lending, M&As, significant buyouts in the country, as well as project financing. Prior to her recent appointment, Ms Iremadze served as Head of Strategic Projects Department in Georgian Global Utilities, where she was working under the direct supervision of the CEO since 2017. Education Ms. Iremadze received her undergraduate degree in Economics and Commerce from Tbilisi State University and received her MBA from Grenoble Graduate School of Business.

Ekaterine Liluashvili

Ms. Ekaterine Liluashvili is Head of Wealth Management of the Company since May 2019. Skills and experience Ms Liluashvili has extensive experience in financial services. She joined the Bank in 2008 and has held various senior positions, including Head of International Business Development (2015-2019) and Private Banker (2008-2015). Prior to joining the Bank, Ms Liluashvili worked at Bank Republic (Société Générale Group) as Private Banker. Education Ms Liluashvili received her undergraduate degree in business administration from European School of Management Tbilisi and holds a degree in Banking from University of Cooperative Education - Berufsakademie Mosbach, Germany, with a specialisation in Private Banking.

Zurab Masurashvili

Mr. Zurab Masurashvili is Head of SME Business Banking of the Company. He was appointed as Head of SME Business Banking of JSC Bank of Georgia in May 2019. Prior to this appointment, Mr Masurashvili held several senior positions in the Bank since 2015, including Head of Express Business, Head of MSME Business and Head of Retail Business Banking. Skills and experience Mr Masurashvili has extensive experience in financial services. In 2002-2007, he held several positions in international organisations such as EBRD’s Small Enterprise Lending Programme, the World Bank’s Access to Rural Finance in Bangladesh and GTZ’s Micro Finance and Reform of Rural Finance Sector. In 2007-2015, prior to joining the Bank, he served as a Deputy Chairman of the Board of Directors in JSC Privatbank. Education Mr Masurashvili received his undergraduate degree in Geology from Georgian Technical University.

Giorgi Pailodze

Mr. Giorgi Pailodze is Deputy CEO, Corporate and Investment Banking of the Company since June 2019. Skills and experience Mr Pailodze has extensive experience in the global financial services sector, having worked for international and local banking institutions. Prior to joining the Bank, Mr Pailodze was a Vice President at Evercore, an investment banking advisory firm, where he was based in London (2017-2019) and New York (2015-2017). In his role at Evercore he provided strategic, debt and equity advice to corporate and private equity clients across a range of sectors. Prior to joining Evercore, Mr Pailodze spent two years in corporate and investment banking at Citigroup in New York. Mr Pailodze started his banking career in Georgia, where he held various managerial roles at TBC Bank and HSBC Bank Georgia. Education Mr Pailodze received his MBA degree from Cornell University and his undergraduate degree in business administration from Caucasus School of Business.

Andro Ratiani

Mr. Andro Ratiani is Head of Innovation of the Company since January 2018. Skills and Experience Mr Ratiani has extensive experience in the global financial services sector, having worked for international banking institutions and financial service provider. Prior to joining the Bank, Mr Ratiani was Director – Global Head of Product Management at IHS Markit, a leading Financial Services Information provider, where he was based in New York (2014-2018). In his role at IHS Markit he was overseeing and managing Global and US based Strategic Technology projects for Syndication Lending. Prior to joining IHS Markit, Mr Ratiani spent 6 years in UBS AG Investment Bank and Wealth Management Bank in New York, where he led multiple strategic technology projects. Prior to UBS roles, Mr Ratiani worked for Wells Fargo (2009-2011) during major acquisition phase of Wachovia Bank. Mr Ratiani started his banking career in Georgia, where he held various roles at Bank of Georgia’s Corporate and Investment Banking Department (2002-2006). Education Mr Ratiani received his undergraduate degree in business administration from University of Hawaii and his Master’s degree in technology management from Columbia University.

Alasdair Breach

Mr. Alasdair (Al) Breach is Non-Executive Independent Director of the Company since 24 February 2018. Mr Breach serves as Chairman of Bank of Georgia Group PLC’s Remuneration Committee, as well as being a member of the Risk Committee and Nomination Committee. Mr Breach also serves as a member of the Supervisory Board of the Bank. Mr Breach previously served as an Independent Non-Executive Director of BGEO Group PLC, which included positions on BGEO Group PLC’s Remuneration, Nomination and Risk Committees. Skills and Experience In 2013, Mr Breach co-founded Gemsstock Limited, a UK FCA-regulated fund manager, where he also serves as an Executive Director. In 2010, Mr Breach founded Furka Advisors AG, a Swiss-based asset management firm, and served as an Executive Director until founding Gemsstock Limited, which manages the Gemsstock Fund, which was previously called the Gemsstock Growth Fund and was managed by Mr Breach at Furka Advisors AG. His previous career was in research in investment banks, principally in Russia. In January 2003, Mr Breach joined Brunswick UBS (later UBS Russia) as Chief Economist, and later was appointed Head of Research and Managing Director until October 2007. From 1998 to 2002, Mr Breach was a Russia and Former Soviet Union (FSU) economist at Goldman Sachs, based in Moscow. Mr Breach is also the co-founder of The Browser.com, a web-based curator of current affairs writing, established in 2008. Mr Breach serves as a Director of Gemsstock Limited, the Gemsstock Fund, The Browser and Furka Holdings AG, all of which are private entities. He is also an advisor to East Capital. Education Mr Breach holds an MSc in Economics from the London School of Economics and an undergraduate degree in Mathematics and Philosophy from Edinburgh University.

Tamaz Georgadze

Mr. Tamaz Georgadze is Non-Executive Independent Director of the Company. He was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. Mr Georgadze serves as Chairman of Bank of Georgia Group PLC’s Risk Committee, as well as being a member of the Remuneration Committee and the Nomination Committee. Mr Georgadze was also appointed to the Bank’s Supervisory Board in December 2013. Mr Georgadze previously served as an Independent Non-Executive Director of BGEO Group PLC, which included positions on BGEO Group PLC’s Audit, Nomination and Risk Committees. Skills and Experience In 2013, Mr Georgadze founded Raisin GmbH (formerly SavingGlobal GmbH) a company which launched the first global deposit intermediation in Europe and he continues to serve as its CEO/Chairman. Prior to founding this company, Mr Georgadze had a ten-year career at McKinsey & Company in Berlin, where he served as a Partner from 2009 to 2013. At McKinsey & Company, he conducted engagements with banks in Germany, Switzerland, Russia, Georgia and Vietnam, focusing on strategy, risk identification and management, deposit and investment products, operations and sales. Prior to joining McKinsey & Company, Mr Georgadze worked as an aide to the President of Georgia in the Foreign Relations Department from 1994 to 1995. Save for his role at Raisin GmbH, Mr Georgadze does not hold any other directorships. Education Mr Georgadze holds two PhDs, one in Economics from Tbilisi State University and the other in Agricultural Economics from Justus-Liebig University Gießen, Germany. Mr Georgadze also studied Law at Justus-Liebig Universität Gießen and graduated with honours.

Hanna-Leena Loikkanen

Ms. Hanna-Leena Loikkanen is Senior Non-Executive Independent Director of the Company since 24 February 2018. Ms Loikkanen also serves as a member of the Audit Committee and Nomination Committee. Ms Loikkanen was appointed to the Bank’s Supervisory Board in August 2015. Ms Loikkanen previously served as an Independent Non-Executive Director of BGEO Group PLC from 2011 until 2013 and from 2015 until 2018, which included positions on BGEO Group PLC’s Audit, Nomination and Risk Committees. Skills and Experience Ms Loikkanen has over 20 years of experience working with financial institutions in Russia and Eastern Europe. She currently serves as an advisor to East Capital Private Equity AB. Prior to this, she served from 2010 to 2012 as the Chief Representative and Head of the Private Equity team at East Capital, a Swedish asset management company in Moscow, with a special focus on financial institutions. Prior to this, Ms Loikkanen held the position of Country Manager and Chief Executive Officer at FIM Group in Russia, a Finnish investment bank, where she was responsible for setting up and running FIM Group’s brokerage and corporate finance operations in Russia. During her tenure at FIM Group, the company advised several large foreign companies in their M&A activities in Russia. Earlier in her career, Ms Loikkanen worked for Nordea Finance in various management positions in Poland, the Baltic States and Scandinavia with a focus on business development, strategy and business integration; for SEB in Moscow where she was responsible for the restructuring of SEB’s debt capital market operations in Russia; and for MeritaNordbanken in St Petersburg where she focused on trade finance and correspondent banking. In addition to her directorships at Bank of Georgia Group PLC, Ms Loikkanen serves as a Non-Executive Director, Chair of the Compensation and Remuneration Committee and member of the Audit Committee of PJSC Rosbank.

Veronique McCarroll

Ms. Veronique McCarroll is Non-Executive Independent Director of the Company since 1 October 2018. Ms McCarroll serves as a member of Bank of Georgia Group PLC’s Risk and Nomination Committees. Skills and Experience Ms McCarroll has over 30 years’ experience in financial services, with a strong focus on corporate and investment banking and risk management. She currently sits on the Executive Committee of Mobile Finance, where she heads Strategy and Innovation for Digital banking across Europe. She was until recently an Executive Director at Crédit Agricole CIB, in charge of Strategy and Business Transformation. Prior to joining CACIB in 2016, she spent 19 years in consulting firms, helping large banking clients on financial matters, including as a Partner at McKinsey & Company (2013-2016), Oliver Wyman (2004-2013) and Andersen/Ernst & Young (1996-2003). Ms McCarroll started her career with Banque Indosuez in Capital Markets in 1986, serving in various front office fixed income and then market risk management roles. Ms McCarroll teaches Finance at Paris Dauphine University. Education Ms McCarroll graduated from ESSEC (Ecole Supérieure des Sciences Economiques et Commerciales) in 1985.

Jonathan Muir

Mr. Jonathan Muir is Non-Executive Independent Director of the Company since 24 February 2018. Mr Muir serves as Chairman of Bank of Georgia Group PLC’s Audit Committee, as well as being a member of the Nomination Committee. He was appointed as an Independent Non-Executive Director to BGEO Group PLC’s Board of Directors in June 2017 after previously serving as an advisor to BGEO Group PLC’s Board since December 2016. Mr Muir was appointed to the Bank’s Supervisory Board in August 2017. Skills and Experience Mr Muir has over 30 years’ experience working as a professional in accounting and finance. He is an executive director (CEO) of LetterOne Holdings SA and is CEO of LetterOne Investment Holdings. LetterOne is an international investment business consisting of two groups which target investments in the healthcare, energy, telecoms and technology, and retail sectors. Prior to joining LetterOne, Mr Muir was CFO (2008-2013) and Vice President of Finance and Control (2003-2008) of TNK-BP, which he joined after serving as CFO of SIDANCO, one of TNK-BP’s heritage companies. Prior to this, he was a partner at the global audit and consulting company Ernst & Young (1985-2000). Education Mr Muir graduated with first class honours from St. Andrews University in the UK. He is a British qualified Chartered Accountant and a member of the Institute of Chartered Accountants of England and Wales.

Cecil Quillen

Mr. Cecil D. Quillen III., is Independent Non-Executive Director of the Company since 24 February 2018. He serves as a member of Bank of Georgia Group PLC’s Audit Committee, Remuneration Committee and Nomination Committee. Mr Quillen also serves as a member of the Bank’s Supervisory Board. Skills and Experience Mr Quillen is a lawyer and a London-based US partner of Linklaters LLP, the global law firm. He is the leader of the firm’s US securities practice. Mr Quillen works on a broad spectrum of securities and finance matters. A particular focus of his practice has been transactions in the CIS and in Central and Eastern Europe. Mr Quillen is an officer of the Securities Law Committee of the International Bar Association, chairing its Underwriting and Distribution Subcommittee, and sits on the Advisory Committee for Securities Regulation in Europe of the Practising Law Institute. He is a trustee of the University of Virginia Law School Foundation and of UK Friends of Harvard University. Mr Quillen became a partner of Linklaters in 1996 and was resident in the firm’s New York office before transferring to the London office in 2000. He is admitted to practice in New York and the District of Columbia and is a registered foreign lawyer in England and Wales. Education Mr Quillen received his undergraduate degree from Harvard and his law degree from the University of Virginia.

Andreas Wolf

Mr. Andreas Wolf is Non-Executive Independent Director of the Company since 1 October 2018. Mr Wolf serves as a member of Bank of Georgia Group PLC’s Audit and Nomination Committees and as a member of the Bank’s Supervisory Board. Skills and Experience Mr Wolf has more than 12 years of experience working with financial institutions in Central and Eastern Europe as well as Asia. He currently serves as Head of Strategy and Business Development for MHB-Bank AG in Germany. He also serves as an advisor to Raisin, a European deposit brokerage marketplace. Prior to his current positions, Mr Wolf had more than ten years at McKinsey & Company in Frankfurt, where he served as a Partner from 2014 to 2018. At McKinsey, he worked with banking and insurance clients in Germany, Austria, the Netherlands, Croatia, Georgia, India and China, focusing on digital transformation/digital attackers, strategy, risk management, operations and sales. Prior to that, Mr Wolf worked as a lecturer in Statistics at the University of Jena for four years. Education Mr Wolf holds a PhD in Statistics and Research Methodology from the Friedrich-Schiller-University of Jena, and also studied Psychology at the Universities of Tuebingen, St. Andrews and Jena and graduated with honours.