Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

TBC Bank taps George Tkhelidze to lead Georgian unit

(Sharecast News) - TBC Bank revealed on Monday that it had made changes to the executive management team of its Georgian banking subsidiary, JSC TBC Bank. TBC said responsibility for its Georgian operations will now be assumed by George Tkhelidze, in order to enable the group chief executive, Vakhtang Butskhrikidze, to focus on the bank's strategic priorities in Georgia, Uzbekistan and internationally.

Tkhelidze will take over as CEO of JSC TBC Bank with effect from 1 March, or such later date as may be required for the completion of relevant regulatory approvals.

TBC said Tkhelidze has "significant international banking experience and a strong track record in the group", having joined the bank in 2014 as deputy CEO and chief risk officer. Since November 2016, Tkhelidze has been head of the TBC's CIB and wealth management businesses.

Tornike Gogichaishvili, deputy CEO and head of MSME and affluent banking, will leave TBC on 1 March.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Deutsche Bank downgrades B&M, Wickes, Currys and Dunelm
(Sharecast News) - Deutsche Bank downgraded a host of UK retailers on Friday, saying the biggest debate right now is whether we are in the "calm before the storm" with regards the inflationary impact on consumer spending and retailer margins or whether we are creating a "storm in a teacup".
Deutsche Bank downgrades B&M, Wickes, Currys and Dunelm
(Sharecast News) - Deutsche Bank downgraded a host of UK retailers on Friday, saying the biggest debate right now is whether we are in the "calm before the storm" with regards the inflationary impact on consumer spending and retailer margins or whether we are creating a "storm in a teacup".
BoE's Bailey says above‑target inflation tolerable for now amid Middle East uncertainty
(Sharecast News) - Bank of England governor Andrew Bailey said on Friday that allowing inflation to sit above the central bank's 2% target was justified for now, given the uncertainty created by the Iran war and the UK's weak growth backdrop.
Dell surges as AI boom drives record revenue growth
(Sharecast News) - Dell Technologies posted its strongest revenue growth since returning to public markets on Thursday, comfortably beating Wall Street expectations and sending shares as much as 39% higher in extended trading.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.