Key People
TBC Bank is headed by Mamuka Khazaradze, the Chairman of the Supervisory Board, who co-founded the Bank in 1992 with his business partner, Badri Japaridze, and has since remained in his current position. Mamuka Khazaradze is also the founder of IDS Borjomi Georgia, Borjomi Beverages Co. N.V., where he held the position of President until 2004. Between 1999 and 2002, he acted as the Vice-Chairman of the Supervisory Board of Microfinance Bank of Georgia. In 2004, Mr. Khazaradze also founded the Georgian Reconstruction and Development Company of which he is still the President.
Badri Japaridze, one of the co-founders of the bank, is the Vice-Chairman of the Supervisory Board. Mr. Japaridze graduated from the faculty of psychology of Tbilisi State University in 1982 (where he also acted as a lecturer between 1985 and 1995) and completed his executive course at London School of Economics and Political Sciences. In 1992, he was appointed as Head of the Foreign Relations Department at TBC-Group and was appointed as Vice-President of TBC in 1993. In 1995, Mr. Japaridze was elected to the Supervisory Board of the bank and has held the position of Vice Chairman of the Supervisory Board since 1996. Since 2004, he has also acted as a member of the Supervisory Boards of the American Chamber of Commerce in Georgia and the Georgian Reconstruction and Development Company and was elected to the Supervisory Board of the EU-Georgian Business Council in 2006.
Reporting directly to the Chairman of the Supervisory Board is Vakhtang Butskhrikidze, who is responsible for all day to day operations. Vakhtang Butskhrikidze joined the Bank as a Senior Manager of the Credit Department in 1993 and was elected as Deputy Chairman of the Management Board in 1994. He became the Chairman of the Management Board in 1995. Since 1998, he has headed a number of the bank’s committees. Mr. Butskhrikidze is also a member of the Supervisory Board of the Association of Banks of Georgia and the Georgian Stock Exchange and is the Business Association of Georgia Financial Committee Chairman.
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