Last checked at 
(Alliance News) - TBC Bank Group PLC said Friday it has made a number of changes to the composition of the management board of its subsidiary JSC TBC Bank, following the departure of Chief Risk Officer David Chkonia.
The company said Chkonia had left at the end of his contractual term in order to pursue other career opportunities.
As a result, TBC bank appointed Nino Masurashvili, former deputy chief executive officer as the new chief risk officer.
Meanwhile Tornike Gogichaishvili, deputy chief executive officer and chief operations officer of the bank has been appointed to lead the retail banking business of the bank.
The company said that functions which have previously been carried out by the chief operating officer have been re-allocated to be the responsibility of the chief financial officer or the deputy CEO, SME & Micro Banking.
Vakhtang Butskhrikidze, chief executive officer, said: "I would like to thank David Chkonia for his significant contribution to enhancing our risk management system and to wish him success in his future career."
"Also, I would like to wish Nino Masurashvili and Tornike Gogichaishvili success in their new roles," Butskhrikidze added.
TBC Bank shares were trading 1.8% higher in London at 1,246.00 pence each on Friday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
