Business
TBC Bank Strengthens CIB Capabilities
TBC Bank Strengthens CIB Capabilities.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \nRNS Number : 6598P TBC Bank Group PLC 21 November 2016 \n\n \nTBC Bank Group PLC (\"TBC\" or \"the Bank\") Strengthens Corporate and Investment Banking Capabilities\n \nFollowing the successful acquisition of Bank Republic, TBC is further strengthening its corporate and investment banking capabilities.\nTBC announces today the creation of a CIB unit through the merger of its Corporate and Investment Banking to provide clients with debt, capital markets products and advisory services through a fully integrated franchise.\nThe new CIB structure will be headed by George Tkhelidze, who currently holds the position of Deputy CEO and Chief Risk Officer. \nGeorge brings strong international and local banking experience to the role. Before joining TBC, he spent five years at Barclays Bank, London in its Corporate and Investment Banking units as Vice President in Financial Institutions Group (FIG). \nAfter joining TBC in 2014 as a Management Board member in charge of Risk Management, George successfully led the strengthening of the Bank's risk management structure and overall risk profile.\nGeorge also played an important role in the successful acquisition of Bank Republic and has a thorough knowledge of the Bank's business clients.\nFollowing the change, David Tsiklauri, head of the corporate banking division will be leaving the bank to pursue other opportunities outside TBC Bank. \nVakhtang Butskhrikidze, Chief Executive Officer said: \"I would like to congratulate George on this appointment, and wish him the same success in this new role as he enjoyed as our Chief Risk Officer. Newly-formed Corporate and Investment Banking business will play crucial role in TBC Bank's development.\" \n \nGeorge joined TBC Bank in 2014 from Barclays Investment Bank, where he held the position of Vice President in the Financial Institutions Group (FIG) M&A, EMEA since June 2011. Prior to this, from September 2009 he was an Associate Director in Barclays Debt Finance and Restructuring Teams in Barclays Corporate Division. During his career with Barclays in London, George worked on and executed multiple M&A, debt and capital markets transactions with European clients. In his earlier career in Georgia, George held various managerial positions at ALDAGI insurance company, where he also served as Chief Executi...