Bank of Georgia Group appoints Mel Carvill as Chairman of the Board of Directors

– UK, London –  Bank of Georgia Group PLC (LON: BGEO) today announced that Mel Carvill has been appointed as Chair of the Board of Directors with effect from 10 March 2022, succeeding Neil Janin who has stepped down from the Board at the same date and will also step down as a member of JSC Bank of Georgia’s Supervisory Board.

Mel Carvill has extensive international experience across a broad range of companies in the financial sector, and has also been appointed as Chair of the Nomination Committee and as a member of the Remuneration Committee. Subject to regulatory approvals, he will also join the Supervisory Board of JSC Bank of Georgia where he is expected to become its Chair.

About Mel Carvill

Mr Carvill has extensive international experience across a broad range of companies in the financial sector. He worked at the Generali Group from 1985 until 2009, holding various positions, including CRO, Head of Corporate Finance and M&A, and of Strategic Planning. He also served as Head of Western Europe, Americas and Middle East at Generali. In 2009 he joined PPF Partners, a private equity fund investing in Central Eastern Europe and Asia, where he held the position of President until 2014, and then worked for the wider PPF Group, serving as an advisor. Mr Carvill also served on company boards in multiple European and Asian markets.

Mr. Carvill has built a portfolio of non-executive directorships, including as Non-Executive Director at Home Credit N.V., Chairman at Aviva Life UK, Chair of the Financial Services Opportunities Investment Fund Ltd in Guernsey, and Investor Non-Executive Director at Clearbank. He is the Senior Independent Director at Sanne Group plc, a FTSE-250 company, which he will resign from upon the completion of the Apex Group’s acquisition of Sanne. Mr Carvill has spoken at a number of universities, regulatory events and think tanks, maintaining his links with high-level global foreign policy and economics contacts.

Mel Carvill said: “I am delighted to have been appointed Chairman at such a transformative time for the business. My first impressions of the Group and its management team have been extremely positive. Bank of Georgia’s purpose is to support its customers and other stakeholders, and this has never been more important than in these challenging times. On behalf of the Board, I would like to thank Neil for his excellent leadership and guidance over the last ten years. We wish him all the best for the future.”

Mr. Carvill qualified as a Chartered Accountant while at Coopers & Lybrand and is a Fellow of the Institute of Chartered Accountants in England and Wales. He holds an Advanced Diploma in Corporate Finance, is a Chartered Insurer and an Associate of the Chartered Insurance Institute, as well as a Fellow of the Chartered Institute for Securities and Investment.

About Bank of Georgia Group PLC

Bank of Georgia Group PLC is the UK incorporated holding company.

The Group comprises:

• a) retail banking and the payment business (Retail Banking);
• b) corporate banking and investment banking operations in Georgia;
• c) banking operations in Belarus. JSC Bank of Georgia, a systemically important and leading universal bank in Georgia, is the core entity of the Group.

The Bank is a leader in the payments business and financial mobile application, with strong retail and corporate banking franchises. The Group focuses on expanding its technological and advanced data analytics capabilities, to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group expects to benefit from the growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking operations, it aims to deliver on its strategy and its key medium-term objectives – at least 20% return on average equity and c.10% growth of its loan book.

For more information : https://bankofgeorgiagroup.com/