JSC Liberty Bank Announces Changes in Senior Management

JSC Liberty Bank has announced the appointment of Mr. Davit Tsiklauri as Chief Financial Officer, effective 8 April 2020.

Mr. Tsiklauri will take over from Mr. Levan Lekishvili.

Davit Tsiklauri has extensive experience in banking, having worked in a number of senior management positions, including CFO of Bank of Georgia Group and Deputy CEO in charge of Corporate Banking at TBC Bank. Prior to that, he served as Vice President of the Capital Markets and Treasury Solutions team at Deutsche Bank since 2011. Until March 2020, Tsiklauri served as an Investment Board Member of the Pension Agency of Georgia.

He also boasts an MBA degree from the London Business School.

“I am delighted to welcome Davit to our team," Vasil Khodeli, CEO of Liberty Bank said. "I am confident his professional experience in banking accumulated over many years at leading Georgian and international banks will be an asset to the transformation process of our fast-growing Bank, especially in these turbulent times in Georgia and worldwide.  I wish the new member of the Liberty family every success in this exciting and challenging role.

"I would also like to take this opportunity to thank Levan Lekishvili for his invaluable contribution to Liberty Bank and wish him every success in his endeavors," he said.

Liberty is one of the largest Banks in Georgia, with total Assets of over GEL 2 bln and Capital over GEL 200 mln. The Bank operates the largest branch network comprised of over 360 branches and 550 ATMs. The Bank is the exclusive agent of the Government of Georgia for the distribution of pensions and social benefits. The Bank employs over 4 700 employees serving over 1.7 mln customers.