People’s Bank of Georgia (“PBG”) announced today new senior appointments.

Armen Mathevosyan has been appointed as Deputy CEO overseeing Retail Banking. Prior to joining PBG, Armen served as Deputy Director, Retail Products and Marketing Department at Rosbank from June 2009 until December 2009. Prior to this appointment Armen served as Affiliates Supervisor at Société Générale International Retail Banking, Department of Europe from January 2009 until May 2009. Before that Armen worked at various senior positions at Bank Republic Société Générale, including as Executive Board Advisor (May 2008 – December 2008), Head of Retail Banking Division (December 2006 – April 2008), Head of Internal Audit Department (August 2005 – November 2006) and Director overseeing Finance and IT (October 2003 – July 2005). Before that Armen served as General Director at RELCO Ltd from October 1998 until September 2003. Prior to this appointment Armen worked as Chief Controller at World Bank Centre for Enterprise Restructuring and Management Assistance from June 1998 until September 1998.