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TBC Bank Returns Expatriate Professionals to Georgia

The Company that attracts human capital from abroad

Tbilisi – October 23rd, TBC Bank Chairman Mamuka Khazaradze and CEO Vakhtang Butskhrikidze held a news-conference to introduce three new Vice Presidents of the company. Giorgi Tkhelidze, David Tsiklauri and Nikoloz Kurdiani are Georgian expatriates, who have made successful careers abroad in the field of finances. Their portfolios include such prominent financial institutions as Barclays, Deutsche Bank and Unicredit Bank.

Giorgi Tkhelidze will join the TBC team as a Vice President in the field of Risks Management. Previously Mr. Tkhelidze has worked as a Vice President at Barclays’ Financial Institutions Group (FIG) overseeing the bank’ initiatives in Eastern Europe. Mr. Tkhelidze says, “It is essential we have very rich experience and I hope this experience will blend well with TBC’s existing management.” Mr. Tkhelidze stresses the fact that the decision to move back to Georgia was a great change for him and his family.

 It comes as no surprise that individuals who have lived abroad and achieved prominence in the highly competitive field of finances would be facing high stakes giving up their careers at once and starting anew in Georgia. Yet Mr. Khazaradze believes that the future development and prosperity of Georgian economy lies in the hands of such individuals precisely. He stressed TBC Bank has undertaken lengthy negotiations in order to bring the expatriate professionals to the TBC Bank team. Mr. Khazaradze recognizes the bank’s responsibility on relocating these professionals to Georgia: “First and foremost I want to thank their families for having left the places, where they have resided and led their everyday lives for many years. By returning to their homeland, these individuals have not only added highly qualified professionals to the TBC team, but also enriched the Georgian economy overall.”

Attracting human capital from abroad represents TBC Bank’s long-term HR strategy. Mamuka Khazaradze says, “We will continue recruiting Georgian nationals who have gained high-quality education and independently paved successful careers abroad.”

In turn, the returned professionals are hopeful about their future career plans in Georgia. David Tsiklauri with eleven-year experience of working for  Deutsche Bank as a Vice President in the capital markets and financial operations says: “We are in the process of studying the market. Very soon we will start implementing new products in an innovative way.”

Another coming TBC Vice President Nikoloz Kurdiani who will lead the company’s microfinance issues  had occupied a chief position at UnicCredit Group in Austria before becoming an Executive Director of Kazakhstan’s top bank Kaspi. He received his MBA from IE Business School in Madrid, Spain. His outlook regarding his future at TBC is hopeful: “Today Georgian business sector’s competitive environment gives much room for many new endeavors. When the market is full of many successful players, one has to think on a broader scale. Consequently, I think we will make significant progress in the near future.”

  • Nikoloz Kurdiani- “Today Georgian business sector’s competitive environment gives much room for many new endeavors.”
  • George Tkhelidze- “It is essential we have very rich experience and I hope this experience will blend well with TBC’s existing management.”
  • David Tsiklauri-“We are in the process of studying the market. Very soon we will start implementing new products in an innovative way.”