Board of Directors

Mel Carvill was appointed Non-Executive Chairman of Bank of Georgia Group PLC on 10 March 2022. Mr. Carvill serves as Chairman of Bank of Georgia Group PLC’s Nomination Committee, as well as a member of the Remuneration Committee. Mr. Carvill also serves as Chair of the Supervisory Board of JSC Bank of Georgia.

Skills and Experience

Mr. Carvill has extensive international experience across a broad range of companies in the financial sector. He qualified as a Chartered Accountant at Coopers & Lybrand and is a Fellow of the Institute of Chartered Accountants in England and Wales. He holds an Advanced Diploma in Corporate Finance, is a Chartered Insurer and an Associate of the Chartered Insurance Institute, as well as a Fellow of the Chartered Institute for Securities and Investment.

Career

Mr. Carvill worked at the Generali Group from 1985 until 2009, holding various positions including Chief Risk Officer, Head of Corporate Finance and M&A and of Strategic Planning. He also served as Head of Western Europe, Americas and Middle East at Generali. In 2009, he joined PPF Partners, a private equity fund investing in Central Eastern Europe and Asia, where he held the position of President until 2014, and then worked for the wider PPF Group, latterly serving as an advisor. Mr. Carvill served on company boards in European and Asian markets, including as senior independent director of Sanne Group plc.

Archil Gachechiladze was appointed as the Executive Director and CEO of Bank of Georgia Group PLC on 28 January 2019. Mr. Gachechiladze serves as the CEO of the Bank.

Skills and experience:

Mr. Gachechiladze has over 20 years of experience in financial services in both local and international organisations. He received his undergraduate degree in Economics from Tbilisi State University and holds his MBA with distinction from Cornell University. He is also a CFA charterholder and a member of the CFA Society in the United Kingdom.

Career:

Mr. Gachechiladze held senior positions between 1998 and 2009 at the Salford Equity Partners, The European Bank for Reconstruction and Development (EBRD), KPMG Barents and Lehman Brothers Private Equity (currently Trilantic Capital Partners). In 2009, he joined the Bank as Deputy CEO, Corporate Banking and has since held various roles with the Bank and the Group, such as Deputy CEO, Investment Management, CFO of BGEO Group and Deputy CEO, Corporate and Investment Banking. Prior to his appointment as CEO, Mr. Gachechiladze served as the CEO of Georgian Global Utilities (formerly part of BGEO Group PLC).

Hanna Loikkanen was appointed as the Senior Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. Ms. Loikkanen serves as a member of the Remuneration, Audit and Nomination Committees. Ms. Loikkanen also serves as a member of the Bank’s Supervisory Board.

Skills and experience

Ms. Loikkanen has over 25 years of experience working with financial institutions in Russia and Eastern Europe. She holds a master’s degree in Economics and Business Administration from Aalto University and has attained a certificate in Corporate Sustainability Management from Yale SOM.

Career

Ms. Loikkanen has worked for Nordea Finance in various senior management positions in Poland, the Baltic States and Scandinavia, with a focus on business development, strategy and business integration. She was responsible for the restructuring of SEB’s debt capital market operations for SEB in Moscow. She also worked ar MeritaNordbanken in St Petersburg, where she focused on trade finance and correspondent banking. In 2004, Ms. Loikkanen joined FIM, a Finnish investment bank, to run their brokerage and corporate finance operations in Russia. From 2007 to 2015, Ms. Loikkanen worked at the Moscow office of Swedish asset management company East Capital, managing a private equity fund focusing on investments in financial institutions in the region. She previously served as an independent director of BGEO Group PLC, which included positions on their Nomination and Risk Committees.

Andrew McIntyre was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 15 March 2024. Mr. McIntyre serves as a member of Bank of Georgia Group PLC’s Audit Committee and Nomination Committee and, subject to regulatory approval, will join the Supervisory Board of JSC Bank of Georgia.

Skills and experience

Mr. McIntyre is a qualified Chartered Accountant with broad experience of financial services businesses operating around the world. Since retiring from Ernst & Young in 2016, he has built a portfolio career, predominantly in the financial services industry. He holds a Master’s from Cambridge University in Medical Sciences and Music.

Career

Mr. McIntyre was a partner at Ernst & Young from 1988 to 2016, specialising in international financial services. He was based in the firm’s London offices during this time, apart from a period spent in the Zurich office between 2004 and 2010. At Ernst & Young, he acted for some of the firm’s largest financial services clients and held various management positions, including as a member of the UK firm’s board. Mr. McIntyre is the Senior Independent Director of C. Hoare & Co. and is a non-executive director of Lloyds Bank Corporate Markets PLC. He has previously held board positions at National Bank of Greece S.A., Ecclesiastical Insurance Group PLC and the Centre for Economic Policy Research.

Tamaz Georgadze was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. He serves as a member of the Risk, Remuneration and Nomination Committees. Mr. Georgadze is also a member of the Bank’s Supervisory Board.

Skills and experience:

Mr. Georgadze has extensive experience with wide range of international companies. He holds two PhDs, one in Economics from Tbilisi State University and the other in Agricultural Economics from Justus-Liebig Universität Gießen, Germany. Mr. Georgadze also studied Law at Justus-Liebig Universität Gießen and graduated with honours.

Career

Mr. Georgadze worked as an aide to the President of Georgia in the Foreign Relations Department from 1994 to 1995. He had a ten-year career at McKinsey & Company in Berlin, where he served as a Partner from 2009 to 2013. At McKinsey & Company, he conducted engagements with banks in Germany, Switzerland, Russia, Georgia and Vietnam, focusing on strategy, risk identification and management, deposit and investment products, operations and sales. In 2013, Mr. Georgadze founded Raisin, which launched the first global deposit platform in Europe, where he continues to serve as CEO. Mr. Georgadze previously served as an independent non-executive director of BGEO Group PLC, which included positions on their Audit, Nomination and Risk Committees.

Jonathan Muir was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. Mr. Muir serves as Chairman of Bank of Georgia Group PLC’s Audit Committee, as well as a member of the Nomination Committee. Mr. Muir also serves as a member of the Bank’s Supervisory Board.

Skills and experience:

Mr. Muir has over 30 years’ experience working as a professional in accounting and finance. He graduated with first class honours from St. Andrews University in the UK. He is a British-qualified Chartered Accountant and a member of the Institute of Chartered Accountants of England and Wales.

Career

Mr. Muir was a partner at the global audit and consulting company Ernst & Young from 1985 to 2000. From 2003 to 2013, he was Vice President of Finance and Control, then CFO of TNK-BP, which he joined after serving as CFO of SIDANCO, one of TNK-BP’s heritage companies. Mr. Muir is the CEO of LetterOne Holdings SA and LetterOne Investment Holdings. LetterOne is an international investment business consisting of two groups which target investments in the healthcare, energy, telecoms and technology, and retail sectors. Mr. Muir previously served as an independent non-executive director of BGEO Group PLC, including positions on their Audit and Nomination Committees.

Maria Gordon was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 20 September 2024. Ms Gordon serves as a member of the Bank of Georgia Group PLC’s Remuneration Committee, Nomination Committee and Audit Committee and, subject to regulatory approval, will join the Supervisory Board of JSC Bank of Georgia.

Skills and Experience

Ms Gordon is an experienced non-executive director, and an accomplished senior finance executive with over twenty years of investment experience in senior roles. She holds a Masters from the Fletcher School of Law and Diplomacy, Tufts University and a Bachelors in Political Science from the University of Wisconsin. She is a Chartered Financial Analyst and holds a Corporate Director Certificate from Harvard Business School.

Career

Ms Gordon began her investment and finance career at Goldman Sachs (1998 to 2010), where she was Head of Emerging Markets Equity Strategy. This was followed by her role as EVP, Head of Emerging Markets Equity Strategy at PIMCO (2010-2014). In such positions she built considerable expertise in portfolio management and equity and debt capital markets, including in emerging markets. She is an experienced governance professional, having served as chair, senior independent director and committee member of various public companies. She currently serves as Non-Executive Chair of Capricorn Energy PLC, which is listed on the London Stock Exchange, and as Non-Executive Chair of Constellation Oil Services.

Cecil Quillen was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. Mr. Quillen serves as Chair of Bank of Georgia Group PLC’s Remuneration Committee and as a member of the Audit Committee and the Nomination Committee. Mr. Quillen is also a member of the Bank’s Supervisory Board.

Skills and experience:

Mr. Quillen has extensive legal and commercial experience in Europe and the United States. He received his undergraduate degree from Harvard and his law degree from the University of Virginia.

Career

Mr. Quillen is a lawyer and a London-based US partner of Linklaters LLP, the global law firm where he is a leading US capital markets practitioner in the London market. He works on a broad spectrum of securities and finance matters; a particular focus of his practice has been transactions in the CIS and in central and eastern Europe. Mr. Quillen became a partner of Linklaters in 1996 and was a resident in the firm’s New York office before transferring to the London office in 2000. He is admitted to practice in New York and the District of Columbia and is a registered foreign lawyer in England and Wales.

Véronique McCarroll was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 1 October 2018. Ms. McCarroll serves as a Chair of Bank of Georgia Group PLC’s Risk Committee, a member of the Nomination Committee, and as a member of the Bank’s Supervisory Board.

Skills and experience:

Ms. McCarroll has over 30 years’ experience in financial services, with a strong focus on corporate and investment banking, risk management and digital banking. She graduated from ESSEC (Ecole Supérieure des Sciences Economiques et Commerciales) in 1985.

Career

Ms. McCarroll started her career with Banque Indosuez in Capital Markets in 1986, serving in various front office fixed income and then market risk management roles. She served as an executive director at Crédit Agricole CIB, overseeing Strategy and Business Transformation. Ms. McCarroll spent 19 years in consulting, advising large banking clients on risk and finance matters, and held partner positions at McKinsey & Company, Oliver Wyman, and Andersen/Ernst & Young. As Deputy CEO at Orange Bank S.A., she oversees finance, the data office, risk and compliance, and the SME subsidiary. Previously, she led Strategy and Innovation for Mobile Finance and Digital Banking across Europe at Orange. Additionally, she teaches Finance at Paris Dauphine University.

Mariam Megvinetukhutsesi was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 12 March 2021. Ms. Megvinetukhutsesi also serves as a member of Bank of Georgia Group PLC’s Risk and Nomination Committees, and as a member of the Bank’s Supervisory Board.

Skills and experience:

Ms. Megvinetukhutsesi has extensive governance and financial experience. She received her undergraduate degree in Banking and Finance from Tbilisi State University and holds an MSc in Finance and Investments from the University of Edinburgh.

Career

Ms. Megvinetukhutsesi has 20 years’ prior experience in financial services, including in banking appointments at the European Bank for Reconstruction and Development from 1997 to 2007 and as Deputy CEO at TBC Bank from 2009 to 2014. Previously, she served as Head of Georgia’s Investors Council Secretariat from 2015 to 2019, promoting reforms for improvement of Georgia’s investment climate. Ms. Megvinetukhutsesi provides consulting services to businesses on governance and financial management.