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Lado Gurgenidze

Vladimer Gurgenidze
ვლადიმერ გურგენიძე
Lado Gurgenidze (August 25, 2008).jpg
6th Prime Minister of Georgia
In office
22 November 2007 – 1 November 2008
President Mikheil Saakashvili
Nino Burjanadze (Acting)
Mikheil Saakashvili
Preceded by Zurab Noghaideli
Succeeded by Grigol Mgaloblishvili
Chairman of the Supervisory Board of Bank of Georgia
In office
15 September 2004 – 22 November 2007
Succeeded by Nicholas Enukidze
Personal details
Born (1970-12-07) 7 December 1970 (age 46)
Tbilisi, Georgian SSR, Soviet Union
Political party Independent
Alma mater Tbilisi State University
Middlebury College
Emory University-Goizueta Business School
Occupation Investor, banker, free market advocate
Profession Business executive
Website Bank Website

Vladimer "Lado" Gurgenidze (Georgian: ვლადიმერ [ლადო] გურგენიძე) was born on 7 December 1970 in Tbilisi, Georgia. Gurgenidze has received an MBA degree from Goizueta Business School of Emory University (Georgia, USA) in 1993, following his undergraduate studies at Middlebury College (Vermont, USA) and Tbilisi State University.

Lado 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. 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). 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 (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). 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.


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