Vladimer "Lado" Gurgenidze (Georgian: ვლადიმერ [ლადო] გურგენიძე; born 7 December 1970) is a Georgian career banker, business executive, and the former politician, who was the sixth Prime Minister of Georgia, from 22 November 2007 to 1 November 2008.
Gurgenidze is a career banker. After a decade spent at several investment banks in Eastern Europe and London. Gurgenidze returned to his native Georgia following the Rose Revolution and spearheaded, as Executive Chairman and CEO, the turnaround of Bank of Georgia.[citation needed] During Lado’s three-year tenure Bank of Georgia’s Total Assets and Net Income increased by 854% and 1,779%, respectively. As its market share grew from 18% to 34%, Bank of Georgia became the leading universal bank in Georgia and in the region, with market capitalisation exceeding US$900 million at the time of Lado’s departure (up from US$30 million at the time of his arrival).[citation needed] Under Lado’s leadership Bank of Georgia became the first Georgian entity and the second bank from former Soviet Union to list its shares on the London Stock Exchange (November 2006), also the first-ever Georgian entity to issue international Eurobonds (February 2007) and obtain credit rating from all three major rating agencies (Standard & Poor’s, Moody’s and Fitch Ratings).[citation needed] During Lado’s tenure, more than 100 institutional investors became shareholders of Bank of Georgia’s and the bank’s free float reached 94%. In 2000 Gurgenidze established the first Georgian full-service investment bank, Galt & Taggart Securities, where he served as the Chairman of the Supervisory Board (2004–2007). Gurgenidze also served as the member of the Supervisory Board of the Georgian Stock Exchange from 2004 until 2007. Under Lado’s management Bank of Georgia became the first Georgian bank to receive Euromoney Award for excellence; Bank of Georgia was also named as the Best Bank in Georgia by the Banker in 2006 and 2007.[citation needed]
Before returning to Georgia, Gurgenidze was the Managing Director, Head of Europe at Putnam Lovell (now part of Jefferies) in 2003–2004. Prior to Putnam Lovell, Gurgenidze served as Head of Technology Corporate Finance, Head of M&A and held other positions at ABN Amro advising such clients as Swift, Reuters, Moneyline Telerate, Wirtualna Polska, Marconi, Andrew Corporation, Merloni Elettrodomestici, News Corp, Global One, Golden Telecom and UPC.[citation needed]
Political career
In November 2007 Gurgenidze was appointed as the Prime Minister of Georgia and served a one-year term until October 2008.[citation needed] During his short tenure as the Prime Minister, Gurgenidze has initiated significant changes to the fiscal and monetary laws of Georgia which paved the way for Georgia to become a regional trade and financial hub.[citation needed] Gurgenidze has also instigated changes to the Georgian financial services sector and improved the law of Georgia on industrial zones. After the armed conflict between Russia and Georgia, in August 2008, Gurgenidze has played a vital role in stabilising the Georgian economy and financial services sector.[citation needed] He obtained (in September 2008) US$750 million stand-by loan facility from International Monetary Fund and brought into country US$4.5 billion donor aid. As a result of his efforts, the Georgian economy stabilised after the armed conflict with Russia which coincided with the world financial crisis.[citation needed]
In October 2008 Gurgenidze was awarded the Victory Order of St. George.[citation needed]
Current engagements
Since he stepped down as Prime Minister of Georgia, Gurgenidze has been a frequent speaker on issues of economic liberty and free-market reforms at various forums and conferences and advised several developing countries in Africa on free-market reforms. From April 2009, Gurgenidze co-chairs the Emory Center for Alternative Investments. In September 2009, based on the decision of President and the government of Rwanda, Gurgenidze was appointed as the Chairman of the Supervisory Board of the largest bank in Rwanda, Bank of Kigali.[citation needed]
In September 2009, Gurgenidze established, together with Dinu Patriciu, Liberty Investments, an investment company focusing on financial services institutions in frontier markets with low corruption, low taxes and open economies. In the same month, Liberty Investments announced the acquisition of 91.2% equity interest in Liberty Bank, which has the largest branch network and client base in Georgia, serving some 1.2 million clients.[citation needed] Under Lado’s leadership, the first phase of the turnaround of Liberty Bank has been completed and the bank has returned to profitability in Q1 2010, growing much faster than the Georgian banking sector.[citation needed]
On 26 May 2010, Gurgenidze was awarded the Presidential Order of Excellence for leading the country’s government during an armed conflict with Russia and introducing innovations to the Georgian business.[citation needed]
In 2017, Gurgenidze joined the 4finance, one of Europe's largest online and mobile consumer lending groups, as the chairman of the supervisory board.[1]
References
^"Lado Gurgenidze Becomes Chairman of Supervisory Board at 4Finance". Georgia Today. 9 October 2017. Retrieved 17 January 2019.
External links
Wikimedia Commons has media related to Lado Gurgenidze.
Watch Interview With Lado Gurgenidze
Putting Georgia On A Path To Recovery; Interview With Lado Gurgenidze for IMF Survey
Georgia's Future Hinges On West; Heritage Foundation
Georgia's Search For Economic Liberty: A Blueprint For Reform In Developing Economics
Georgia Can Be A Guiding Light For Other States
February 02, 2023
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This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Lado Gurgenidze news newspapers books scholar JSTOR January 2019 Learn how and when to remove this template message Vladimer Lado Gurgenidze Georgian ვლადიმერ ლადო გურგენიძე born 7 December 1970 is a Georgian career banker business executive and the former politician who was the sixth Prime Minister of Georgia from 22 November 2007 to 1 November 2008 Vladimer Gurgenidzeვლადიმერ გურგენიძე6th Prime Minister of GeorgiaIn office 22 November 2007 1 November 2008PresidentMikheil SaakashviliNino Burjanadze Acting Mikheil SaakashviliPreceded byGiorgi Baramidze acting Succeeded byGrigol MgaloblishviliChairman of the Supervisory Board of Bank of GeorgiaIn office 15 September 2004 22 November 2007Succeeded byNicholas EnukidzePersonal detailsBorn 1970 12 07 7 December 1970 age 52 Tbilisi Georgian SSR Soviet UnionPolitical partyIndependentAlma materTbilisi State UniversityMiddlebury CollegeEmory University Goizueta Business SchoolOccupationInvestor banker free market advocateProfessionBusiness executiveSignatureWebsiteBank Website Contents 1 Early life 2 Early banking career 3 Political career 4 Current engagements 5 References 6 External linksEarly life EditGurgenidze was born on 7 December 1970 in Tbilisi Georgia citation needed He received an MBA degree from Goizueta Business School of Emory University Georgia USA in 1993 following undergraduate studies at Middlebury College Vermont USA and Tbilisi State University citation needed Early banking career EditGurgenidze is a career banker After a decade spent at several investment banks in Eastern Europe and London Gurgenidze returned to his native Georgia following the Rose Revolution and spearheaded as Executive Chairman and CEO the turnaround of Bank of Georgia citation needed During Lado s three year tenure Bank of Georgia s Total Assets and Net Income increased by 854 and 1 779 respectively As its market share grew from 18 to 34 Bank of Georgia became the leading universal bank in Georgia and in the region with market capitalisation exceeding US 900 million at the time of Lado s departure up from US 30 million at the time of his arrival citation needed Under Lado s leadership Bank of Georgia became the first Georgian entity and the second bank from former Soviet Union to list its shares on the London Stock Exchange November 2006 also the first ever Georgian entity to issue international Eurobonds February 2007 and obtain credit rating from all three major rating agencies Standard amp Poor s Moody s and Fitch Ratings citation needed During Lado s tenure more than 100 institutional investors became shareholders of Bank of Georgia s and the bank s free float reached 94 In 2000 Gurgenidze established the first Georgian full service investment bank Galt amp Taggart Securities where he served as the Chairman of the Supervisory Board 2004 2007 Gurgenidze also served as the member of the Supervisory Board of the Georgian Stock Exchange from 2004 until 2007 Under Lado s management Bank of Georgia became the first Georgian bank to receive Euromoney Award for excellence Bank of Georgia was also named as the Best Bank in Georgia by the Banker in 2006 and 2007 citation needed In 2006 Gurgenidze hosted the licensed Georgian version of The Apprentice TV show citation needed Before returning to Georgia Gurgenidze was the Managing Director Head of Europe at Putnam Lovell now part of Jefferies in 2003 2004 Prior to Putnam Lovell Gurgenidze served as Head of Technology Corporate Finance Head of M amp A and held other positions at ABN Amro advising such clients as Swift Reuters Moneyline Telerate Wirtualna Polska Marconi Andrew Corporation Merloni Elettrodomestici News Corp Global One Golden Telecom and UPC citation needed Political career EditIn November 2007 Gurgenidze was appointed as the Prime Minister of Georgia and served a one year term until October 2008 citation needed During his short tenure as the Prime Minister Gurgenidze has initiated significant changes to the fiscal and monetary laws of Georgia which paved the way for Georgia to become a regional trade and financial hub citation needed Gurgenidze has also instigated changes to the Georgian financial services sector and improved the law of Georgia on industrial zones After the armed conflict between Russia and Georgia in August 2008 Gurgenidze has played a vital role in stabilising the Georgian economy and financial services sector citation needed He obtained in September 2008 US 750 million stand by loan facility from International Monetary Fund and brought into country US 4 5 billion donor aid As a result of his efforts the Georgian economy stabilised after the armed conflict with Russia which coincided with the world financial crisis citation needed In October 2008 Gurgenidze was awarded the Victory Order of St George citation needed Current engagements EditSince he stepped down as Prime Minister of Georgia Gurgenidze has been a frequent speaker on issues of economic liberty and free market reforms at various forums and conferences and advised several developing countries in Africa on free market reforms From April 2009 Gurgenidze co chairs the Emory Center for Alternative Investments In September 2009 based on the decision of President and the government of Rwanda Gurgenidze was appointed as the Chairman of the Supervisory Board of the largest bank in Rwanda Bank of Kigali citation needed In September 2009 Gurgenidze established together with Dinu Patriciu Liberty Investments an investment company focusing on financial services institutions in frontier markets with low corruption low taxes and open economies In the same month Liberty Investments announced the acquisition of 91 2 equity interest in Liberty Bank which has the largest branch network and client base in Georgia serving some 1 2 million clients citation needed Under Lado s leadership the first phase of the turnaround of Liberty Bank has been completed and the bank has returned to profitability in Q1 2010 growing much faster than the Georgian banking sector citation needed On 26 May 2010 Gurgenidze was awarded the Presidential Order of Excellence for leading the country s government during an armed conflict with Russia and introducing innovations to the Georgian business citation needed In 2017 Gurgenidze joined the 4finance one of Europe s largest online and mobile consumer lending groups as the chairman of the supervisory board 1 References Edit Lado Gurgenidze Becomes Chairman of Supervisory Board at 4Finance Georgia Today 9 October 2017 Retrieved 17 January 2019 External links Edit Wikimedia Commons has media related to Lado Gurgenidze Watch Interview With Lado Gurgenidze A Conversation With Lado Gurgenidze Co Chair Of The Emory Center For Alternative Investments Putting Georgia On A Path To Recovery Interview With Lado Gurgenidze for IMF Survey Georgia s Future Hinges On West Heritage Foundation Georgia s Search For Economic Liberty A Blueprint For Reform In Developing Economics Georgia Can Be A Guiding Light For Other States Interview Gurgenidze looks to do a BoG with Romanian tycoon Retrieved from https en wikipedia org w index php title Lado Gurgenidze amp oldid 1107459375, wikipedia, wiki, book, books, library,
