Back to previous section

Lion Finance reshuffles senior team with new CFO, deputy CEO appointments

Financial services firm Lion Finance announced a series of senior management changes on Thursday, affecting both the group and its Georgian banking arm, Bank of Georgia.

Lion Finance Group

Source: Sharecast

Lion Finance said Sulkhan Gvalia, who has been serving as acting chief financial officer for both the group and the bank, will step down from his executive role in March 2026 after two decades with the organisation. He will remain involved as a non‑executive member of the supervisory boards of several subsidiaries, including Ameriabank in Armenia.

Gvalia will be succeeded by Giorgi Shagidze, who will become group CFO, as well as deputy chief executive and CFO of Bank of Georgia. Shagidze joins Lion from Moldovan lender maib, where he served as CEO. His previous experience also includes senior roles at TBC Bank Group, where he helped steer its initial public offering and early expansion into Uzbekistan.

Lion Finance, formerly known as Bank of Georgia Group, added that Giorgi Gureshidze, who has led its mass retail banking division since March 2025, had been promoted to deputy CEO.

As of 0945 GMT, Lion Finance shares were up 0.21% at 9,585p.

Reporting by Iain Gilbert at Sharecast.com

Lion Finance Group ( BGEO )

Isin: GB00BF4HYT85
Exchange: London Stock Exchange
Sell:
10,600.00 p
Buy:
10,620.00 p
Change: -290.00 ( -2.68 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2026 Refinitiv, an LSEG business. All rights reserved.