Business
Management Board Structural Changes
Management Board Structural Changes.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \nRNS Number : 8816A TBC Bank Group PLC 24 January 2020 \n\nStructural Changes to the composition of the Management Board\n \nTBC 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:\n\nNino 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;\nTornike Gogichaishvili, Deputy CEO and Chief Operations Officer of the Bank has been appointed to lead retail banking business of the Bank;\nFunctions 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\n\n \nVakhtang Butskhrikidze, Chief Executive Officer of TBC Bank, commented: \n\"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.\"\n \nFor further enquiries, please contact:\nDirector of International Media and Investor Relations\nZoltan Szalai\n \nOr\n \nHead of Investor Relations\nAnna Romelashvili\[email protected]\n \nAbout TBC Bank Group PLC (\"TBC PLC\")\nTBC 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.\nTBC 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. \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is ...