- Bank of Georgia Group announced a new executive management team including the appointment of Sulkhan Gvalia as Deputy CEO and Chief Financial Officer, replacing David Tsiklauri.

Giorgi Pailodze, had been appointed as Deputy CEO, Corporate Investment Banking, replacing Vasil Khodeli, who would remain on the Management Board of the Bank.

Ramaz Kukuladze would step down from his role as Deputy CEO, SME and Premium Retail Business Banking. His directorate would be split into two roles, both reporting to Archil Gachechiladze, Chief Executive Officer, Zurab Masurashvili, newly appointed Head of SME and Eter Iremadze, Head of SOLO/Premium Retail Business banking.

The changes and appointments to JSC Bank of Georgia's executive management team, would take effect from 1 May 2019, subject to the necessary regulatory approvals.

Levan Kulijanishvili would continue as Deputy CEO, Operations; Mikheil Gomarteli would continue as Deputy CEO, Emerging and Mass Retail and Micro Business Banking; George Chiladze would continue as Deputy CEO, Chief Risk Officer; and Vakhtang Bobokhidze would continue as Deputy CEO, Chief Information Officer.

The new management structure had been updated following the recent appointment of Archil Gachechiladze as Chief Executive Officer.

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