Board Appointments

RNS Number : 6463T

TBC Bank Group PLC

25 November 2021

 

Board Appointments

TBC Bank Group PLC ("TBC PLC") is pleased to announce the appointment of Nino (Venera) Suknidze and Rajeev Sawhney as Independent Non-Executive Directors with immediate effect.  In line with TBC PLC's "Mirror Board" policy, Ms Suknidze and Mr. Sawhney are also appointed as members of the Supervisory Board of JSC TBC Bank.

Nino Suknidze is a business lawyer, with 18 years of experience on the Georgian market who has built excellent reputation over the years in various areas of practice among Georgian and international clients. Currently, Ms. Suknidze is the managing partner of the law firm Suknidze & Partners LLC and Vice President at the Georgian Chamber of Commerce and Industry. Between 2017-2020, she served as general counsel at JSC Bank of Georgia. Before joining the bank, she held various positions at Georgian offices of international law firms Dentons and DLA Piper.

Rajeev Sawhney is a corporate growth executive with 40 years of global experience in digital technologies, serving across various industry sectors in Europe, North America and Asia. Currently, Mr. Sawhney serves as Executive Chairman and non-executive director at Oxsight Ltd, an Oxford University spin out. He was formerly a senior advisor to the CEO at Zensar Ltd in the UK and member of the advisory board at Garble Cloud Inc., a cybersecurity company in Silicon Valley, USA.  Prior to that, Mr. Sawhney comes with strong operational experience as President of HCL Technologies and Mphasis, a Hewlett Packard .

Arne Berggren, Chairman of the TBC PLC Board commented:  "We are delighted to welcome Nino Suknidze and Rajeev Sawhney to TBC, who will bring new skills and expertise to the Board and support us in taking the Group to the next level".

TBC PLC confirms that there are no additional details that are required to be disclosed under LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

Or

Head of Investor Relations

Anna Romelashvili

[e-mail]

About TBC Bank Group PLC ("TBC PLC")

TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 38.4% of customer loans and 40.1% of customer deposits as of 30 September 2021, according to data published by the National Bank of Georgia.

 

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