TBC Bank Group PLC Oliver Hughes New Head of International Operations (3609M)
September 13 2023 - 10:34AM
UK Regulatory
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RNS Number : 3609M
TBC Bank Group PLC
13 September 2023
Oliver Hughes Appointed as Head of International Operations
TBC Bank Group PLC ("TBC PLC") is pleased to announce the
appointment of Oliver Hughes as Head of International Operations of
the Group, effective from September 14, 2023. Mr Hughes has also
been appointed to the Executive Committee of TBC PLC. Nika Kurdiani
will become CEO of the Group's business operations in Uzbekistan
and will remain as a member of the Executive Committee of TBC
PLC.
Mr Hughes is a renowned fintech entrepreneur and manager with
over 25 years of experience building and scaling up fintech
businesses in Emerging Markets. In particular, he spent 15 years as
the CEO of Tinkoff Group, during which time he led the evolution of
the company from launch to being one of the largest and most
profitable digital banks in the world.
Vakhtang Butskhrikidze, CEO, TBC Bank, commented: "I am
delighted to welcome Oliver Hughes to lead our international
expansion strategy. I strongly believe that his extensive
experience in the development of fintech businesses will prove
extremely valuable to TBC and will play a crucial role in our
future endeavours, helping to take our company to new heights."
Mr Hughes commented: "I am excited to be joining the TBC team to
lead the build out of their international operations. TBC already
has a great fintech business in Uzbekistan and I look forward to
working with Nika and the team to scale this up significantly.
There is a huge opportunity in Uzbekistan and this digital banking
strategy can potentially be replicated in other international
markets in the future."
For further enquiries, please contact:
Director of Investor Relations and International Media
Andrew Keeley
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. TBC PLC also offers
non-financial services via TNET, the largest digital ecosystem in
Georgia. Since 2019, TBC PLC has expanded its operations into
Uzbekistan by operating fast growing retail digital financial
services in the country. TBC PLC is listed on the London Stock
Exchange under the symbol TBCG and is a constituent of the 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 3 8.8 % of
customer loans and 40.1 % of customer deposits as of 30 June 2023,
according to data published by the National Bank of Georgia.
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END
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