Changes in Senior Management Team

Crystal is pleased to announce several senior appointments, marking a new phase in the company’s development and strengthening its leadership team.

To serve the growing demand from micro and small entrepreneurs, Crystal shall continue its development as a financial group, adding new business lines to its successful record in microfinance. The Company’s first CEO Malkhaz Dzadzua has assumed the role Crystal Group’s CEO to lead its structuring and expansion. David Bendeliani, Crystal’s CFO shall fulfill the role of an acting CEO before appointment of a new Chief Executive.

We are delighted to announce that Crystal’s senior management team has been joined by Sergo Nozadze as the Head of People and Organizational Development, bringing in a vast experience of human resource management, including as a former Head of HR of the Bank Republic – Société Générale Group, which recently merged with TBC Bank.

Finally, to consolidate and further deepen Crystal’s social performance, after her successful tenure as part of the Executive Chairman’s office, Maya Kobalia has been appointed the Company’s Environmental and Social (E&S) Officer.

We shall carry out several new recruitments in the Company’s senior management and Supervisory Board in the course of 2018 to set up Crystal for a continued and long-term growth as the microfinance industry’s one of the most innovative, robust and impact-oriented player.