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Nikoloz Shurgaia Appointed as a Member of Georgian Stock Exchange Supervisory Board

Member of PASHA Bank Supervisory Board, Nikoloz Shurgaia, has been appointed as a member of Georgian Stock Exchange Supervisory Board by the General Meeting of Member-shareholders.

Georgian Stock Exchange (GSE) – is the only organised securities market in Georgia. Designed and established with the help of USAID and operating within the legal framework drafted with the assistance of American experts, GSE complies with global best practices in securities trading and offers an efficient investment facility to both local and foreign investors.

Automated trading system of GSE can accommodate thousands of securities that may be traded by brokers from the workstations at the GSE floor or remotely from their offices. As of June 1, 2015 129 companies were traded on GSE, with total market capitalization of USD 0.880 billion and the average daily turnover of USD 587.55 .

Nikoloz Shurgaia received his bachelor’s degree in Finance and Credit at Tbilisi State University in 1995. In 2004 he obtained his Master of Business Administration Degree at London Business School.

Mr. Shurgaia began his career at United Georgian Bank working as a loan officer in 1994, and was later promoted to the following positions: Head of Mortgage Division; Deputy Director, Lending; Director, International Relations; Director, Corporate and Retail Lending.

In 2004, Mr. Shurgaia moved to Moscow and joined ABN AMRO BANK as Assistant Vice President, Integrated Energy Group.

From 2005, Shurgaia began working as a Principal Banker at EBRD, London. From 2008 to 2009 he worked for VTB Bank (Georgia) as the Chief Executive Officer. He continued his career at Belarusky Narodny Bank as Executive Chairman, while he simultaneously served Bank of Georgia as Deputy CEO. From 2012 to 2014, Mr. Shurgaia worked in Azerbaijan for Rabitabank as a Chairman of the Management Board.

Since 2011, Mr. Shurgaia has worked as an Independent Advisor and Entrepreneur in Azerbaijan, Georgia, Kazakhstan and Belarus.

Mr. Nikoloz Shurgaia was appointed a Member of the Supervisory Board of PASHA Bank on January 31, 2015.

 

PASHA Bank is a Baku-based financial institution operating in Azerbaijan, Georgia and Turkey – providing full range of corporate and investment banking services to large and medium-sized enterprises.

PASHA Bank is part of PASHA Holding, a major investment group in Azerbaijan with assets in insurance, corporate and retail banking, wealth management, construction and tourism. Total assets of the holding as per December 2014 exceeded 3 billion Euros.

PASHA Bank star.ted operating in Georgia in February 2013. PASHA Bank capital is GEL103 million.

PASHA Bank is located at Shota Rustaveli Ave. 15, Tbilisi