Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information Alasdair (Al) Breach Independent Non-Executive Director Alasdair Breach was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. Mr Breach serves as Chairman of Bank of Georgia Group PLC’s Remuneration Committee, as well as being a member of the Risk Committee and Nomination Committee. Mr Breach also serves as a member of the Supervisory Board. Mr Breach previously served as an Independent Non-Executive Director of BGEO Group PLC, which included positions on BGEO Group PLC’s Remuneration, Nomination and Risk Committees. Skills and experience: October 2007. From 1998 to 2002, Mr Breach was a Russia In 2013, Mr Breach co-founded Gemsstock Limited, a UK and Former Soviet Union (FSU) economist at Goldman FCA-regulated fund manager, where he also serves as an Sachs, based in Moscow. Mr Breach is also the co-founder Executive Director. In 2010, Mr Breach founded Furka of The Browser.com, a web-based curator of current Advisors AG, a Swiss-based asset management firm, and affairs writing, established in 2008. Mr Breach serves as served as an Executive Director until founding Gemsstock a Director of Gemsstock Limited, the Gemsstock Fund, Limited, which manages the Gemsstock Fund, which was The Browser and Furka Holdings AG, all of which are previously called the Gemsstock Growth Fund and was private entities. He is also an advisor to East Capital. managed by Mr Breach at Furka Advisors AG. His previous career was in research in investment banks, principally in Education: Russia. In January 2003, Mr Breach joined Brunswick UBS Mr Breach holds an MSc in Economics from the London (later UBS Russia) as Chief Economist, and later was School of Economics and an undergraduate degree in appointed Head of Research and Managing Director until Mathematics and Philosophy from Edinburgh University. Jonathan Muir Independent Non-Executive Director 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 being a member of the Nomination Committee. He was appointed as an Independent Non-Executive Director to BGEO Group PLC’s Board of Directors in June 2017 after previously serving as an advisor to BGEO Group PLC’s Board since December 2016. Mr Muir was appointed to the Bank’s Supervisory Board in August 2017. Skills and experience: of TNK-BP, which he joined after serving as CFO of Mr Muir has over 30 years’ experience working as a SIDANCO, one of TNK-BP’s heritage companies. Prior to professional in accounting and finance. He is an executive this, he was a partner at the global audit and consulting director (CEO) of LetterOne Holdings SA and is CEO company Ernst & Young (1985-2000). of LetterOne Investment Holdings. LetterOne is an international investment business consisting of two Education: groups which target investments in the healthcare, Mr Muir graduated with first class honours from energy, telecoms and technology, and retail sectors. St. AndrewsUniversity in the UK. He is a British qualified Prior to joining LetterOne, Mr Muir was CFO (2008-2013) Chartered Accountant and a member of the Institute and Vice President of Finance and Control (2003-2008) of Chartered Accountants of England and Wales. Annual Report 2018Bank of Georgia Group PLC 113