IN BRIEF: Lion Finance hires new finance chief from Moldova bank maib

Lion Finance Group PLC - Tbilisi-based lender formerly known as Bank of Georgia Group - Recruits Giorgi Shagidze to be its new group chief financial officer, as well as deputy chief executive officer & CFO of Georgian banking subsidiary JSC Bank of Georgia. Shagidze joins from maib, which Lion Finance describes as Moldova's largest bank. Shagidze has been CEO since 2021, leading the development of maib's digital capabilities. At Lion Finance, he replaces Sulkhan Gvalia, who also was group and bank CFO and steps down after 20 years with the company in March. Gvalia will remain a non-executive director of Lion Finance's Ameriabank subsidiary in Armenia and of other subsidiaries. Additionally, Giorgi Gureshidze, who leads Bank of Georgia's Mass Retail Banking initiative, is promoted to deputy CEO of Bank of Georgia.

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By Tom Waite, Alliance News editor

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