TBC Bank Group PLC Changes to Board (2688X)
April 30 2021 - 7:08AM
UK Regulatory
TIDMTBCG
RNS Number : 2688X
TBC Bank Group PLC
30 April 2021
Changes to Board
TBC Bank Group PLC ("TBC PLC") announces the appointment of three new independent Non-Executive
Directors: Eran Klein, Per Anders Fasth, and Thymios P. Kiriakopoulos to the TBC PLC Board
with effect from 4 May 2021. Subject to the National Bank of Georgia's approval, in line with
the mirror boards structure, TBC PLC intends to appoint them to the Supervisory Board of its
main subsidiary JSC TBC Bank ("the Bank") as well.
Following collective discussions, TBC PLC Board is pleased to announce that it has voted unanimously
for the election of these new independent Non-Executive Directors. Consequently, Nikoloz Enukidze,
Nicholas Dominic Haag, and Eric J. Rajendra have conclusively agreed not to stand for re-election
at the forthcoming AGM. TBC PLC Board thanks Messrs. Enukidze, Haag, and Rajendra for their
extensive contribution to the growth of TBC into the largest bank in Georgia and welcomes
the new members of the Board.
TBC PLC Board believes that the appointed new Non-Executive Directors' significant and wide-ranging
experience will bring further valuable skills and balance to the TBC PLC Board.
Eran Klein is an experienced international senior banker and lawyer who held senior roles
over decades in leading financial institutions such as Commerzbank, Citibank, ING Financial
Markets and Deutsche Bank across both developed and emerging markets. He has accumulated valuable
knowledge in capital markets, SME, retail lending, corporate governance, liquidity, and balance
sheet management, as well as risk management and strategy implementation. Currently, he serves
as a non-executive director and risk committee chair at Privatbank, the largest bank in Ukraine.
Per Anders Fasth is an independent non-executive director with a proven track-record as an
executive. Mr. Fasth has been senior executive for 20 years - at the leading North-European
Bank SEB and as CEO of SBAB Bank - as well as top-tier consultant for 10 years at McKinsey
and QVARTZ (now Bain & Company). He is currently the chairman of FundedByMe, a listed Fin-tech
equity crowd-funding company. He is also a board member and chairman of risk and audit committee
at Skandiabanken AB. From 2017 to 2019 he was a board member and member of the risk, audit,
remuneration, strategy, nomination and ethics committees of Piraeus Bank S.A., a listed leading
Greek Bank.
Thymios P. Kyriakopoulos is an internationally experienced banking executive specializing
in the areas of risk management and transformation, financial engineering and portfolio management.
He serves on the board of the Hellenic Corporation of Assets and Participations, the Greek
sovereign wealth fund, and is a chairman of the investment and risk committee. From 2017-2020,
he served as executive general manager, chief risk officer of Piraeus Bank S.A, a listed leading
Greek Bank. Prior to that he was a managing director in the fixed income currencies and commodities
division of Goldman Sachs.
There are no further matters in respect of Messrs. Klein, Fasth, and Kyriakopoulos requiring
disclosure under LR 9.6.13 R.
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
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. 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 39.0% of loans and 37.2% of non-banking deposits as of 31 December
2020, according to data published by the National Bank of Georgia.
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