TBC Bank Group PLC Board Changes (6382M)
17 Settembre 2019 - 02:29PM
UK Regulatory
TIDMTBCG
RNS Number : 6382M
TBC Bank Group PLC
17 September 2019
Eric Rajendra returns to Board of TBC Bank as Independent
Non-Executive Director
TBC Bank Group PLC ("TBC PLC") is pleased to announce the
re-appointment of Eric Rajendra as an Independent Non-Executive
Director with immediate effect. In line with TBC's "Mirror Board"
policy, Mr. Rajendra will also join Supervisory Board of JSC TBC
Bank (the "Supervisory Board") following approval of his
appointment by the National Bank of Georgia.
Eric Rajendra has a very good understanding of TBC Bank's
strategy and operations and his presence will enhance shareholder
value by bringing profound expertise and stability to the
Group.
As announced on 15 March 2019, he stepped down from his roles as
a Director of TBC PLC and Supervisory Board member of JSC TBC Bank
due to health reasons. Following the recovery in his health, TBC
PLC is delighted that he is now able to re-join the Board.
Eric has extensive experience in the financial services
industry, with a significant emphasis on emerging markets. He
graduated from Brandeis University, earned his M.A.L.D. at The
Fletcher School in 1982 (Tufts University in cooperation with
Harvard University). From 2005 to 2014, he was a senior adviser to
the IFC, whilst also serving as a board director or adviser to
several emerging market financial institutions in which the World
Bank Group had an equity interest, as well as implementing a number
of transformative strategic initiatives. Mr Rajendra was first
appointed to the Board of TBC PLC as an Independent Non-Executive
Director in May 2016.
Nikoloz Enukidze, Chairman of the TBC PLC Board commented: "We
are delighted to welcome Eric Rajendra back to TBC. Eric brings a
wealth of experience to the role and a deep knowledge of the Bank,
having been a member of our Supervisory Board since 2010 and the
Board of TBC PLC since May 2016. His presence will support the
Board's continuity and contribute to the sustainable development of
the Group."
Vakhtang Butskhrikidze, CEO of TBC Bank commented: "Eric
Rajendra is our long-term partner, who has been supporting the Bank
for many years and has played a significant role in development of
our strategy. I am pleased to welcome him back and look forward to
his invaluable input into our future development."
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
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC PLC is a public limited company registered in England and
Wales that was incorporated in February 2016. TBC PLC became the
parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC
PLC is listed on the London Stock Exchange under the symbol TBCG
and is a constituent of FTSE 250 Index.
TBC Bank, together with its subsidiaries, is the leading
universal banking group in Georgia, with a total market share of
38.5% of loans and 41.0% of non-banking deposits as at 30 June
2019, according to data published by the National Bank of
Georgia.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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