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Bank of Georgia further Strengthens Its Management Team

Published: October 12, 2012 | 3:05 pm
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The COMMERCIAL TIMES

Bank of Georgia, the leading commercial bank in the country, announced its Supervisory Board decision according to which, Nikoloz (Nika) Gamkrelidze was appointed the Chief Financial Director (CFO) of Bank of Georgia’s Group. Prior, Gamkrelidze worked as a Chief Executive Officer (CEO) of the bank’s daughter insurance company Aldagi-BCI. Another news announced is that Bank of Georgia’s Deputy CEO, finance Murtaz Kikoria was appointed the CEO of Aldagi-BCI.

“I welcome the decision of the Supervisory Board about appointing Nika Gakrelidze the bank’s CFO. I’m happy that this has happened through the internal promotion. Nika’s financial and leadership skills, also his strategic views, will play a significant role in the group’s further growth. Since 2007 Nika Gamkrelidze’s management Aldagi BCI was grown by around four times and its actives made GEL 09.3 million according to the June 30, 2012 data. I also welcome the fact that Murtaz Kikoria, who occupied different positions at Bank of Georgia’s group, including the Deputy CEO, finances, also Deputy CEO of Ukraines’ BG Bank, will lead the group’s insurance and health business direction, which will increase Aldagi-BCI’s value and  contribution in the success of the entire group,” declared Irakli Gilauri, CEO of Bank of Georgia.

“The new appointments respond to the board’s goal to create the strongest management team who will meet the group’s growth demands and scales. Looking at the impressive growth of Aldagi-BCI, the company that has been formed as a leader in Georgia’s insurance and healthcare field, we believe that Nika can now play a more important role within the entire group scale. At the same time, Aldagi-BCI is one of the main actives of Bank of Georgia and the young and talented team employed at the company will learn much from Murtaz Kikoria, due to his rich experience in finances. Murtaz has strong skills of decision making, professionalism and dignity. On behalf of the entire board I’l like to congratulate him on the new position and wish him all the best,” stated Neil Janin, the Chairman of the Supervisory Board at JSC Bank of Georgia.

 

 

 

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