Executive Committee

Vakhtang Butskhrikidze

Appointed on 29 April 2016

Experience

• Leading banker in the Caucasus and Eastern European region
• Extensive strategic and financial leadership experience of over 25 years
• Robust knowledge and expertise of strategic planning and development, startup and fintech management, mergers and acquisitions, and equity and debt capital debt raising and investor relations

Vakhtang has more than 30 years of banking and financial industry experience. He led the Group from its founding in Georgia in 1992 as a start-up to the current market-leading financial institution. He joined TBC Bank as a Senior Manager in 1993 and became Chairman of the Management Board in 1996. Since 1998, he has held the position of Chief Executive Officer of JSC TBC Bank and was appointed as Chief Executive Officer of TBC PLC in May 2016.

Vakhtang is a prominent banker in the Caucasus and Eastern European region and has received several prestigious awards, including the Best Banker 2011 award from the GUAM Organization for Democracy and Economic Development and was named CEO of the Year 2014 for Central and Eastern
Europe and the CIS by EMEA Finance magazine. In March 2019, he won the Special Award for Responsible Capitalism in Adversity from the prestigious FIRST organisation - a multidisciplinary international affairs organisation, which aims to enhance dialogue between leaders in industry, finance and government.

Current external (non-Group) non-executive appointments

• Board member of the Association of Banks of Georgia
• Board member of the Business Association of Georgia
• Member of the Visa Central & Eastern Europe, Middle East and Africa (CEMEA) Business Council

Giorgi Megrelishvili

Giorgi was appointed as the Deputy CEO and CFO of JSC TBC Bank in October 2020. He joined the Bank as a Deputy CFO in March 2020.

Giorgi has 25 years of global leadership experience in financial services. Before joining TBC, Giorgi was a Director and Head of Capital Risk and Stress Testing at Natwest Markets N.V. in Amsterdam. Prior to that, Giorgi held a number of key leadership positions at Barclays Bank in London between 2008 and 2019, including as a Director at Barclays Treasury, the Head of Barclays Internal Large Exposure and the Head of Barclays Central Planning. During his work at Barclays, Giorgi also served as Barclays Bank PLC Solo Capital and Leverage Management Lead and the Head of Strategic Planning at Barclaycard UK. In his earlier career, Giorgi held various senior managerial positions at several Georgian organisations.

Giorgi holds an MBA from the University of Cambridge, Judge Business School.

Tornike Gogichaishvili

Tornike was appointed to his current role as Head of MSME and Affluent in July 2024. Prior to that, Tornike was leading Retail, Payments and MSME. He joined TBC in 2018 as Deputy CEO and Chief Operating Officer of JSC TBC Bank.

Tornike has over 20 years of financial services and operations management experience in Georgia and CEE. Prior to joining TBC, he has served as a Deputy CEO and Chief Operating Officer at the Bank of Georgia Group and served at various other key positions at the same institution before that. During 2008-2010, Tornike held the position of CFO at BG Bank Ukraine (a subsidiary of Bank of Georgia). Earlier in his career, Tornike held the position of the CEO of Aldagi, an insurance company in Georgia, served as the chief financial officer of UEDC PA consulting and held various managerial positions at BCI Insurance.

Tornike holds an MBA from the Caucasus School of Business and an executive diploma from Said Business School, Oxford.

Nino Masurashvili

Nino was appointed to her current role as the Chief Risk Office of JSC TBC Bank in 2020. Prior to that, Nino held progressively senior positions at TBC after she first joined the Bank in 2000. Nino was appointed as the Deputy CEO of the Bank in 2006, leading TBC’s retail and MSME businesses at various times. Nino also serves on the supervisory boards of TBC’s key subsidiaries, including TBC Uzbekistan, TBC Leasing, and Space International, TBC’s digital banking platform.

Nino has over 25 years of financial services and banking experience in Georgia. In her earlier career, Nino held various leadership and managerial positions at JSC TbilCom Bank and the Barents Group.

Nino holds an MBA from the European School of Management in Tbilisi.

George Tkhelidze

George was appointed to his current role at JSC TBC Bank in November 2016, leading the Corporate and Investment Banking businesses. George is also responsible for the Bank’s Wealth Management and leasing businesses since January 2021. George first joined TBC in 2014 as Deputy CEO and the Chief Risk Officer of JSC TBC Bank.

George has more than 20 years of experience in global financial services. Prior to joining TBC, he worked for Barclays Investment Bank, where he held the position of Vice President in the Financial Institutions Group (FIG), EMEA. Before that, he was an Associate Director in the Barclays Bank Debt Finance and Restructuring teams. During his career at Barclays in London, George worked on and executed multiple M&A, debt and capital markets transactions with European financial institutions. In his earlier career in Georgia, George served as the Chief Executive Officer at Aldagi, the leading insurance company in Georgia and held progressively senior positions at the same company prior to that.

George is Stanford Executive Program (SEP) graduate, holds an MBA from the London Business School and a Master of Laws degree (LLM) in International Commercial Law from the University of Nottingham.

Nikoloz Kurdiani

Nikoloz was appointed to his current role as the CEO of Group’s Operations in in Uzbekistan in September 2023. Prior to that, he was head of Group’s International Expansion. He also held position as a Deputy CEO of JSC TBC Bank leading various directions, including Brand Experience, Marketing and PR, Digital Banking Platform-Space, MSME Banking, and Payments. He also covered TBC Groups subsidiaries TBC Kredit in Azebaijan, TBC Leasing, TBC Pay, and UFC.  He first joined TBC in August 2014.

Nikoloz currently also serves as the CEO of Digital banking platform Space International, chair of the supervisory board at TBC Bank Uzbekistan and Payme in Uzbekistan.

Nikoloz has over 20 years of experience in the banking industry in Central Asia, CEE and Europe. Prior to joining TBC Bank, Nikoloz was the managing director at Kaspi Bank, a leading retail bank in Kazakhstan. At Bank Austria, UniCredit Group, he served as the senior sales support expert at the CEE retail division, responsible for Turkey, Kazakhstan, Ukraine and Serbia. At ATF Bank, UniCredit Group in Kazakhstan, he was Managing Director in charge of the Retail and SME banking division. Earlier in his career in Georgia, he served as the head of the retail banking division of Bank Republic Georgia, Société Générale Group, and held several managerial positions at Bank of Georgia.

Nikoloz holds an MBA degree from IE Business School in 2007 and a Masters degree in International Economics from the Georgian Technical University.

Oliver Hughes

Oliver Hughes was appointed to his current role at TBC Bank Group PLC in September 2023, as the Head of International Business.

Oliver is a fintech entrepreneurial manager with a successful track record of building and scaling fintech companies, including Tinkoff, one of the largest and most profitable digital banks in the world.

Oliver worked as Tinkoff CEO from 2007 to 2022. Under Oliver’s leadership Tinkoff grew into the one of the world’s largest independent and most profitable digital banks serving over 22 mn customers without a single branch. Oliver navigated the company through three major macroeconomic crises while maintaining the bank’s profitability and healthy balance sheet. In 2013, he led Tinkoff to a highly successful IPO on the London Stock Exchange.

From April 2022 to February 2023, Oliver advised Breeze Ventures, a digital lending startup that launched its operations in the Philippines. Before Tinkoff, Oliver worked for Visa International for a decade, including as Head of Visa in Russia from 2004 until 2007. Prior to Visa, he held various positions including at Reebok, Shell UK and the British Library.

Oliver holds a Bachelor of Arts (First Class) degree in Russian and French from the University of Sussex, a Master of Arts degree in International Politics from Leeds University and a Master of Science degree in Information Management and Technology from City University in London.

Bidzina Matsaberidze

Bidzina was appointed to his current role as the Chief Information Officer at JSC TBC Bank in 2020. Prior to that, Bidzina held progressively senior technology positions at TBC after he first joined the Bank in 2008, starting from senior software engineer and team leader, followed by head of software architecture and CIO advisor roles. Bidzina also serves on the supervisory boards of TBC’s key subsidiaries, including UFC, a card processing center, and Space International, TBC’s digital banking platform.

Bidzina has nearly 20 years’ experience in financial services and banking in Georgia. He has over 10 years of teaching experience in leading Georgian universities and is still actively involved in various scientific research projects in the field of computer science.

Bidzina holds a PhD in Computing from Tbilisi State University.

Gvantsa Murghvliani

Gvantsa was appointed as the Head of Human Capital Management at JSC TBC Bank in January 2019. She first joined TBC Bank in 2004, since when she has progressed through various positions within the organization and accumulated over ten years of managerial experience.

Prior to her current appointment, Gvantsa held the position of Head of Operations at Corporate and Investment Banking, where she was responsible for overseeing CIB operations, managing customer treatment activities, and addressing human capital issues. Before that, Gvantsa was in charge of the Business Transformation and Lean Management Department, where she led the end-to-end process redesign, implemented a lean methodology across the bank, provided efficiency enhancements, and optimized sales at the bank's branches.

Gvantsa holds an Executive Diploma from the Said Business School, University of Oxford, UK and a Master's degree from Lund University, Sweden. In addition, she holds both a Bachelor's and Master's degree in Computer Science from Georgian Technical University.