Who Has Replaced Mamuka Khazaradze in TBC Bank
New head of the supervisory board of TBC Bank has been appointed. The corresponding information has been already published for shareholders in English language.
Namely, according to the group’s decision, York Coscelo will replace Mamuka Khazaradze on the position of a chairman of the supervisory board of the bank.
According go the statement, Coscelo was member of the boards of several companies all over the world, including he has worked for Agriculture and Tarde Investment Fund of Africa, EXPO Bank and FIBank. Before, he had worked for various international finance corporations.
We remind you that Mamuka Khazaradze quitted the position of chairman of TBC Bank’s supervisory board in February 2019, after the Prosecutor’s Office released statement on January 8 that the 2008 activities of TBC Bank comprised signs of money laundering. As a result, the National Bank of Georgia (NBG) applied to TBC Bank with the request for firing Mamuka Khazaradze and Badri Japaridze from their positions.