TBC Bank PLC: Appointment of Chief Risk Officer
January 17 2017 - 11:24AM
TBC Bank Group PLC ("TBC PLC")
together with its subsidiary JSC TBC Bank ("TBC Bank") is pleased
to announce the appointment of David Chkonia to the Management
Board of TBC Bank as Chief Risk Officer and Deputy CEO with
immediate effect.
Mr. Chkonia brings 15 years of
international banking and risk management experience. Prior to
joining TBC Bank, he was a Director at BlackRock in the BlackRock
Solutions group advising financial institutions and regulators on
areas related to enterprise risk management, balance sheet
strategy and regulation. Mr. Chkonia also served as Senior Vice
President at PIMCO responsible for the risk advisory practice
focusing on origination and execution across European credit and
capital markets.
In his earlier career, Mr. Chkonia
has held different managerial roles at European Resolution Capital,
Goldman Sachs, and EBRD. David holds a BSc from San Jose State
University and an MBA from The Wharton School at the University of
Pennsylvania.
Commenting on the appointment,
Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank said,
"I am very pleased to welcome David to TBC Bank's Management Board
as our Chief Risk Officer. David brings with him extensive
financial services and risk management expertise. I am confident
that David will contribute a great deal to the Bank's further
growth and development."
For further enquiries, please
contact:
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About 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 TBC Bank on 10
August 2016. TBC PLC is listed on the London Stock Exchange under
the symbol TBCG.
About TBC Bank
TBC Bank, together with its subsidiaries, is the
leading universal banking group in Georgia, with a total market
share of 29.7% of loans (37.2% with Bank Republic) and 30.6% of
non-banking deposits (35.5% with Bank Republic) as at 30 September
2016, according to the data published by the NBG.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: TBC Bank PLC via Globenewswire
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