GOVERNANCE

Thea Lortkipanidze

Thea Lortkipanidze holds the position of the Chief Executive Officer of JSC Terabank since May 2014. She has an extensive work experience in a financial institutions.

In 2008-2013 she was Chief Risks Officer of TBC Bank. In 2007-2008 she was Deputy Chief Risks Officer and in 2004-2006 – CEO of TBC Leasing. At various times she was the member of the Supervisory Board of Credit Info Georgia, Micro-Finance Company “Credo”, TBC Leasing and Real Estate Management Fund.  She also served as the President of Leasing Association of Georgia.  In 1993-2003 Thea worked at various positions at the TBC Bank.  

Thea studied and graaduated from Tbilisi State University, faculty of Engineering Economics, in 1988-1993. In 1999-2000 she continued studying for her Master's Degree at ESM and in 2008-2013 she successfully graduated from Banking School of American Business Association.

Teimuraz Abuladze

Temur Abuladze has been the Chief Risks Officer of Terabank since January 2015.He joined with the team in November 2014, as an acting Chief Risks Officer.

He has 25 years’ experience in banking and finances. In 2009-2014 he was in charge of the risks management at Liberty Bank and in 1999-2006 he worked at the Bank of Georgia in the sphere of credit risks management at various positions including the position of credit risks analyst(1999-2000), Manager of Credit Risks Analysis Unit (2000-2001) and as a Deputy Director of Credit Risks Management Department (2001-2006). In 2006-2009 Temur worked at “Geopromining Group”, which owned the enterprises in mining sphere in Georgia (JSC “Madneuli and LTD Kvartsiti”) and in Armenia. In 2007-2009 he was the Chief Financial Officer of the JSC “Agaraki Copper-Molibden Combinate”.

Temuri holds Master's Degree in Economy from Tbilisi State University.

David Verulashvili

David Verulashvili was appointed as Chief Commercial Officer of terabank in November 2020. His extensive career in banking began in 2000 at MBG Bank (ProCredit Bank) where he held positions of Team Leader, Senior Loan Officer and Head of Credit.

In 2003, he transitioned into a new role at ProCredit Bank where he was initially Head of Credit of the central branch and later acting Branch Manager.
Between 2006 and 2008, David Verulashvili was the Deputy Head of Corporate and Investment Banking at the Bank of Georgia after which he returned to ProCredit Bank as Head of Corporate Banking. A year later, he moved to Liberty Bank where he worked for 11 years, initially as Deputy Head of Corporate Banking and Trade Finance, and later, from 2013 onwards, as Deputy CEO and Head of Corporate Banking.

David obtained his Master's Degree in Informatics and Enterprise Management from Tbilisi State University in 2001.  
 

Sophia Jugheli

Sophie Jugeli was appointed as the Chief Financial Ofiicer of Terabank in August, 2016. She joined the team in April, 2015 as the Deputy CFO. 

Sophie has many years of experience at financial managment positions. From 2001 she held different positions at TBC Bank, including Chief Accountant, Head of Strategic Planning and Control Department, Head of Financial Department and Deputy Chief Financial Officer.  Sophie manages Treasury, Finance and Tax Accounting, Financial Risks and Reporting, Budgeting, Analysis and IFRS Departments. She is also in charge of relations with international financial institutions.

Sophie Jugheli holds MBA from ESM and MA in Physics from Tbilisi State University.

Vakhtang Khutsishvili

Vakhtang Khutsishvili was appointed as a Chief Operating Officer of Terabank from October 2014.

In 2013 he worked at the Bank Republic, as a Head of Central Back Office service and in 2009-2013 he was in charge of Planning and Controlling Department of Liberty Bank. In 2009 he has in charge of Banking Channels Development Department of Liberty Bank. In 2005-2008 he was at various leading positions in various departments. In 2003-2005 he was the Financial Manager of the company – “Cardio-Express’’.

Vakhtang is the Master of International Business Management of Tbilisi State University of Ivane Javakhishvili. In 1998-2002 he also studied at Tbilisi State University of Ivane Javakhishvili and has the Bachelor’s Degree in Organizational Management and International Economic Relations.  

His Highness Sheikh Nahayan Mabarak Al Nahayan

His Highness Sheikh Nahayan Mabarak Al Nahayan is the Minister of State for Tolerance, being a member of the Federal Government of the United Arab Emirates since 1992.

Initially, he was the Minister of Higher Education and Scientific Research and has headed the Ministry of Culture, Youth and Community Development since 2013; then Minister of Culture and Knowledge Development from 2016 to 2017.

His Highness Sheikh Nahayan Mabarak Al Nahayan is also Chairman of the Board at The Centre of Excellence for Applied Research and Training, President of the National Council of Tourism and Antiquities of the United Arab Emirates and Honorary President of the Future Centre for Special Needs.
In 1983-2013, His Highness Sheikh Nahayan was the Chancellor of the United Arab Emirates University and held the same post at the Higher Colleges of Technology in 1988-2013. Also was the Chancellor of Zayed University.

Sheikh Nahayan is the owner of Dhabi Group—one of the leading business groups in the United Arab Emirates. Dhabi Group operates in a variety of fields, including tourism, construction, real estate, development and management, production, marine boreholes, banking and financial services, etc.  The group made its first investment in Georgia back in 2007, in Kor Standard Bank (now Terabank) and Biltmore Hotel Tbilisi.

His Highness Sheikh Nahayan studied in the United Kingdom. He attended the Millfield School and Magdalen College at the Oxford University. He has obtained numerous degrees at a variety of universities around the world.

Abhijit Choudhury

Abhijit Choudhury is a member of the Supervisory Board of Terabank  starting from 2022. He also holds the position of Independent Non-Executive Director on the Board of ABC Islam Bank in Bahrain and is founder of Athena Advisory Limited, a platform for bankers, regulators and investment professionals.

Abhijit has a background of more than 40 years in the banking sector. This period covered careers with ANZ Grindlays Bank in India, Arab Banking Corporation in Bahrain, National Bank of Abu Dhabi in the UAE, and finally with the Central Bank of the UAE. During this period he has held various management and board level positions. Specifically, some of his responsibilities were as Group Chief Risk Officer and interim CEO at National Bank of Abu Dhabi (NBAD), Group Chief Risk Officer at First Abu Dhabi Bank, and Advisor to the Governor of the Central Bank of the UAE. Abhijit has also held Board positions at NBAD subsidiaries.

Abhijit holds a Masters degree in Economics from the Jawaharlal Nehru University, New Delhi, India.

Seit Devdariani

Seit Devdariani, a member of terabank’s Supervisory Board since 2018, has 15 years of experience in the management of banking and financial institutions in Eastern European, South Asian and post-Soviet countries.

Before joining terabank’s Supervisory Board, he was actively involved in the development of credit and non-credit products for corporations and SME businesses as well as risk management improvement for banking and financial institutions.

Seit Devdariani studied at Ivane Javaskhishvili Tbilisi State University in 1977-1982 and holds a Master’s degree in Mathematical Sciences. He studied Bank Financial Management at the American Banking Institute in Washington in 2004-2005 and Banking at the University of Pennsylvania in 2005-2007. In 2007, Seit Devdariani obtained a Master’s degree in Strategic Management at Indiana University.

Gerlof de Korte

Gerlof de Korte has been a member of terabank’s Supervisory Board since 2018. He has over 15 years of experience in managerial and consultancy positions in the international banking and financial fields. Before joining terabank, he was responsible for improving the organizational functionality and technical facilitation of business enterprises at a Netherlands-based investment management company.

He has held numerous leading positions at a US-based financial services company where he was responsible for the standardization of business processes and technologies as a global adviser. Gerlof de Korte obtained his Master’s degree in Organizational Development at Amsterdam University. He has also attended educational programs at Harvard and Edinburgh Business Schools.

Nana Mikashavidze

Nana Mikashavidze has 20 years of experience in the financial sector. In addition to being a member of the terabank Supervisory Board, she is also directing the Georgian ICT Cluster, is the Founding Director of Wizard Ltd. and, simultaneously, the Head of the Management Concentration at the Georgian-American University Business School. 

Nana has previously managed investments for Finance in Motion GmbH and held the Chief Executive Officer position at TBC Leasing. She was also a member of the Rhea and Credo Microfinance supervisory boards and the Deputy Corporate Banking Director at TBC Bank.

Nana Mikashavidze graduated from the European School of Management. She has taken part in numerous professional conferences and has attended a variety of trainings.

Teona Mikadze

Teona Mikadze has served as an independent member of the Terabank Supervisory Board since September 2023, contributing her 20 years of experience in financial services, both in executive and advisory roles.
In addition to her board membership, Teona is the Founder and Lead Advisor at Tara Consulting, where she assists companies with growth through strategic planning, customer insights, value proposition design, strategic marketing, business development, and sustainability strategies. She is also a Senior Consultant at EBRD's Green Economy Financing Facility in the Caucasus region.

Teona's career includes roles such as a Senior International Consultant in green and inclusive finance projects for EBRD, EIB, and GGF in Eastern Europe, Caucasus, and Central Asia. She has also held positions as the Director of Premium Banking division (SOLO Banking) at Bank of Georgia, Head of the Marketing Department at TBC Bank and ProCredit Bank. 

From 2014 to 2017, Teona led Terabank's strategic planning project as an external advisor and played a key role in overseeing a comprehensive rebranding initiative.
Teona holds Bachelor's and Master's degrees from the Faculty of International Economics at the Technical University of Georgia, along with a Master's in Business Administration (MBA) from IE Business School in Spain. She also has certificates from numerous executive education courses.

Other Shareholders

• H. H. Sheikh Nahayan Mabarak Al Nahayan – 65%
• H. H. Sheikh Mansur Bin Zayed Bin Sultan Al Nahayan – 15%
• H. E. Sheikh Mohamed Buti Al Hamed – 15%
• LTD. Investment Trading Group – 5%