Board of Directors

The Board of Directors (the Board) is responsible for the strategic management of the bank within the scope of authorities granted to the Board by the law and the Charter (for further details, please see the bank charter in Armenian) and is to ensure the long-term success of the bank, balancing the interests of the shareholders and other stakeholders of the bank. The Board is responsible for the long-term success and sustainable development of the bank. Our Board has the necessary balance of experience, knowledge and diversity to discharge its duties effectively. Geographic diversity together with key professional expertise in banking, asset management, advisory, finance and international business form core components of our Board succession planning. We recognize the importance of independent judgement and decision making at the Board level and currently the majority of our Board members are independent non-executive directors. 

  • Andrew Mkrtchyan

    Chairman of the Board of Directors

    Andrew Mkrtchyan

Born on December 2, 1973 in Yerevan.

As a Founder and Executive Chairman, Mr. Mkrtchyan has been successfully managing Ameria Group for more than 25 years. He has extensive experience in investment banking and management advisory in Armenia, which has been the key to the successful growth and development of the Group. Andrew Mkrtchyan is the first businessman from Armenia to be a Founding Member of World Economic Forum New Champions Chapter. He is a Board Member to a number of private and public organizations.

Education:

Mr. Mkrtchyan graduated from Yerevan State University, Department of Economics. He received a scholarship from American Economic Association (AEA) for his scholar studies at Economics Institute, Colorado State University, as well as participated in a number of executive programs in different universities, including Kingston Business School, Harvard Business School, INSEAD and others.

 
 






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Members of Board

  • Robert von Rekowsky
    Robert von Rekowsky

    Independent non-executive board member

    October 2012

  • Lindsay Forbes
    Lindsay Forbes

    Non-executive board member

    August 2018

  • Philip Lynch
    Philip Lynch

    Independent non-executive board member

    September 2018

Mr. von Rekowsky was appointed Independent non-executive board member on October, 2012.

Skills and Experience:

Mr. von Rekowsky has around 30 years of experience in global asset management.  He was a vice-president at Emerging Markets Strategy and portfolio manager for Fidelity Investments. He’s been managing several institutional and retail emerging market equity funds for U.S. and Canadian investors.

Mr. von Rekowsky joined Fidelity’s fixed-income division in 1989. In 1995, he moved along with the emerging markets debt group into the company’s high-income division as a sovereign debt analyst. He continued in that role while working from Fidelity’s London office (1996 - mid-1998), when he moved into European equity research. From 2002 to 2004, Mr. von Rekowsky was an associate fund manager for the emerging markets funds, responsible for the EMEA region. In 2004, he relocated to Boston to assume responsibility for Fidelity’s global emerging market equity funds.

Education: 

He received a BA from the University of New York at Albany (SUNY) and an MA from Northeastern University. He received an MSc in Finance from Brandeis University.

 
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Mr. Lindsay Forbes is Non-executive board member of Ameriabank since August, 2018

Skills and Experience: 

Mr. Forbes has over 35 years of experience commercial and investment banking, including more than 20 years with European Bank of Reconstruction and Development (EBRD).  
Joining EBRD in 1994, he worked as a Senior Banker/Country Director undertaking debt and equity transactions in Central and Eastern European countries. In 2000 he became director for Corporate Equity in 2000, focusing entirely on equity transactions in multiple countries, including Armenia. From 2012 till 2016 he was director for Industry, Commerce and Agribusiness in Russia, being responsible for new business origination, portfolio management, client relationships and team management of EBRD’s industrial activities in Russia. He has represented EBRD on the Boards and Audit Committees of numerous listed and unlisted corporates and Banks in a variety of countries, including in Croatia, Poland, Romania, Kazakhstan, Russia and Egypt. 

Before joining EBRD, Mr. Forbes spent 13 years with the British Linen Bank, the Investment Bank subsidiary of Bank of Scotland, specializing in commercial lending and private equity in various locations including the USA.

He qualified as a Solicitor with Norton Rose in 1978 and worked in Shipping Finance until 1980.

Education:

He has Degree in Jurisprudence from Oxford University (1975) and an MBA from INSEAD (1981).

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Mr. Lynch is Independent non-executive board member of Ameriabank since September, 2018.

Skills and Experience: 

Mr. Lynch has more than 30 years of experience in finance, including more than 20 years with Lehman Brothers. Starting his career as an analyst, he later moved to senior operating positions at Lehman Brothers - Co-head of Asia Pacific Investment Banking (1999-2002), Head of European Financing (2003-2006) and Co-head of European Equities (2007-2008).

After the sale of Lehman Brothers’ European, Middle East and Asian businesses to Nomura, Mr. Lynch became the CEO of Middle East and Africa (2008-2009), later becoming the CEO Asia Pacific and Middle East (2010-2012) at Nomura.

Since 2013 Mr. Lynch has been the founding Partner of Stem Capital Partners - an independent direct investment (PE) business focusing on financial services in Southeast Asia.

Education:

Mr. Lynch earned his Bachelor Degree in History at Yale University (USA) in 1987.

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  • Richard Ogdon
    Richard Ogdon

    Independent non-executive board member

    July 2020

  • Tigran Davtyan
    Tigran Davtyan

    Independent non-executive board member

    July 2020

  • Kakhaber Kiknavelidze
    Kakhaber Kiknavelidze

    Independent non-executive board member

    July 2020

Mr. Ogdon is Independent non-executive board member  of Ameriabank since  July, 2020.

Skills and experience:

Richard  Ogdon has 30 years experience in the financial sector, with senior positions in investment banking, private equity, and fintech with a focus on the development of the Russian and CIS financial markets.
From 2012-2018 Mr. Ogdon served as an Independent Non Executive Director and Board Audit Committee Chair at the U.K.  FCA regulated Russian securities brokerage Sova (previously Otkritie) Capital.
In the 2000s Richard Ogdon worked in Moscow at Russia’s leading independent investment bank Troika Dialog as Head of Investment Banking (2003-2005) and then as Chief Risk and Capital Officer (2006-2011).  
Mr. Ogdon began his career at UBS Warburg in 1987 where he worked for 13 years until 2000 starting the bank’s business in Russia in 1992 and establishing the bank’s Moscow office in 1994.
Mr. Ogdon has  worked in education- at his alma mater Eton College in 2013 and at the Cambridge Careers Research Advisory Centre 2000-2003 -helping both organizations raise money for new educational projects.
Mr. Ogdon is a member of the supervisory board of the Russian Independent Directors Association and international goodwill ambassador of the Aurora Forum – a global humanitarian initiative.  

Education: 

Mr. Ogdon graduated from Lincoln College, Oxford University, Department of Classics and Modern Languages, BA (1984-1987).  
 
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Mr. Davtyan is Independent non-executive board member of Ameriabank since July, 2020.

Skills and experience: 

Tigran Davtyan has considerable executive experience in the Armenian financial sector and academic experience in the leading universities of Armenia. 

Mr. Davtyan held senior management positions at commercial banks of Armenia, acting as CEO, Chairman of Management Board at Inecobank CJSC (2018-2019) and CEO, Chairman of Management Board at Converse Bank CJSC (2009-2016). Prior to that, he was deputy CEO, Head of Financial markets department at Converse Bank (2008-2009). 
From 2016 to 2018 Mr. Davtyan was the Director of Financial policy department at Eurasian Economic Commission. 
Tigran Davtyan was the Team Leader of USAID/EMG Financial Sector Development Project in Armenia (2006-2008) and Team Leader of USAID/IBM BCS Capital Markets Development Program in Armenia (2002-2004). 

Mr. Davtyan was the Board Chairman of the Central Depository of Armenia in 1999-2002. Prior to that, he held the position of Advisor to Prime Minister of the RA, advising on financial markets (1998-1999). 
Mr. Davtyan started his career as a director of a boutique investment company in 1991, before moving to the Central Bank of Armenia where he held several positions from 1994 till 1998.

Mr. Davtyan has been a member of the Coordinating Council of the Financial and Banking Association of Euro-Asian Cooperation since 2016. 

From 2016 Tigran Davtyan is also a Member of the Board of Trustees of Insurance Foundation of Servicemen.

Education: 

Mr. Davtyan graduated from the Department of Economics of Yerevan State University with the qualification of Economist-Mathematician․   He holds PhD in economic sciences.
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Mr. Kiknavelidze is Independent non-executive board member of Ameriabank since  July, 2020.

Skills and experience: 

Mr. Kiknavelidze has more than 25 years of experience in commercial and investment banking. He has been the CEO of Bank of Georgia Group, the leading financial institution in Georgia, from 2016 till 2019, and Advisor to the CEO and the board on strategic and operational issues from 2019 to February, 2020. 

Prior to that, Mr Kiknavelidze served as an Independent Non-Executive Director and member of Audit and Risk Committees of BGEO Group from 2008 to 2016. 

Mr. Kiknavelidze was Managing Partner, Chief Investment Officer of Rioni Capital Partners, a UK based investment management company from 2007 to 2016.

Mr. Kiknavelidze has extensive experience in the equity markets, including serving as an Executive Director of UBS, where he supervised the Russian oil and gas research team from 2005 to 2007. Prior to joining UBS, he spent eight years at Troika Dialog, initially covering metals and mining and the utilities sectors and, later, as Deputy Head of Research and Associate Partner, leading the oil and gas team. Prior to that he served as Investment Associate at Legacy Investment Group, a US based investment company. 

Mr. Kiknavelidze began his career at the Bank of Georgia as a Financial Manager in 1994.

Education 

Mr. Kiknavelidze received his undergraduate degree (BA) in Economics from the Georgian Agrarian University (Tbilisi, Georgia) and MBA from Emory University (Georgia, USA).
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  • Robert von Rekowsky
    Robert von Rekowsky

    Independent non-executive board member

    October 2012

Mr. von Rekowsky was appointed Independent non-executive board member on October, 2012.

Skills and Experience:

Mr. von Rekowsky has around 30 years of experience in global asset management.  He was a vice-president at Emerging Markets Strategy and portfolio manager for Fidelity Investments. He’s been managing several institutional and retail emerging market equity funds for U.S. and Canadian investors.

Mr. von Rekowsky joined Fidelity’s fixed-income division in 1989. In 1995, he moved along with the emerging markets debt group into the company’s high-income division as a sovereign debt analyst. He continued in that role while working from Fidelity’s London office (1996 - mid-1998), when he moved into European equity research. From 2002 to 2004, Mr. von Rekowsky was an associate fund manager for the emerging markets funds, responsible for the EMEA region. In 2004, he relocated to Boston to assume responsibility for Fidelity’s global emerging market equity funds.

Education: 

He received a BA from the University of New York at Albany (SUNY) and an MA from Northeastern University. He received an MSc in Finance from Brandeis University.

 
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  • Lindsay Forbes
    Lindsay Forbes

    Non-executive board member

    August 2018

Mr. Lindsay Forbes is Non-executive board member of Ameriabank since August, 2018

Skills and Experience: 

Mr. Forbes has over 35 years of experience commercial and investment banking, including more than 20 years with European Bank of Reconstruction and Development (EBRD).  
Joining EBRD in 1994, he worked as a Senior Banker/Country Director undertaking debt and equity transactions in Central and Eastern European countries. In 2000 he became director for Corporate Equity in 2000, focusing entirely on equity transactions in multiple countries, including Armenia. From 2012 till 2016 he was director for Industry, Commerce and Agribusiness in Russia, being responsible for new business origination, portfolio management, client relationships and team management of EBRD’s industrial activities in Russia. He has represented EBRD on the Boards and Audit Committees of numerous listed and unlisted corporates and Banks in a variety of countries, including in Croatia, Poland, Romania, Kazakhstan, Russia and Egypt. 

Before joining EBRD, Mr. Forbes spent 13 years with the British Linen Bank, the Investment Bank subsidiary of Bank of Scotland, specializing in commercial lending and private equity in various locations including the USA.

He qualified as a Solicitor with Norton Rose in 1978 and worked in Shipping Finance until 1980.

Education:

He has Degree in Jurisprudence from Oxford University (1975) and an MBA from INSEAD (1981).

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  • Philip Lynch
    Philip Lynch

    Independent non-executive board member

    September 2018

Mr. Lynch is Independent non-executive board member of Ameriabank since September, 2018.

Skills and Experience: 

Mr. Lynch has more than 30 years of experience in finance, including more than 20 years with Lehman Brothers. Starting his career as an analyst, he later moved to senior operating positions at Lehman Brothers - Co-head of Asia Pacific Investment Banking (1999-2002), Head of European Financing (2003-2006) and Co-head of European Equities (2007-2008).

After the sale of Lehman Brothers’ European, Middle East and Asian businesses to Nomura, Mr. Lynch became the CEO of Middle East and Africa (2008-2009), later becoming the CEO Asia Pacific and Middle East (2010-2012) at Nomura.

Since 2013 Mr. Lynch has been the founding Partner of Stem Capital Partners - an independent direct investment (PE) business focusing on financial services in Southeast Asia.

Education:

Mr. Lynch earned his Bachelor Degree in History at Yale University (USA) in 1987.

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  • Richard Ogdon
    Richard Ogdon

    Independent non-executive board member

    July 2020

Mr. Ogdon is Independent non-executive board member  of Ameriabank since  July, 2020.

Skills and experience:

Richard  Ogdon has 30 years experience in the financial sector, with senior positions in investment banking, private equity, and fintech with a focus on the development of the Russian and CIS financial markets.
From 2012-2018 Mr. Ogdon served as an Independent Non Executive Director and Board Audit Committee Chair at the U.K.  FCA regulated Russian securities brokerage Sova (previously Otkritie) Capital.
In the 2000s Richard Ogdon worked in Moscow at Russia’s leading independent investment bank Troika Dialog as Head of Investment Banking (2003-2005) and then as Chief Risk and Capital Officer (2006-2011).  
Mr. Ogdon began his career at UBS Warburg in 1987 where he worked for 13 years until 2000 starting the bank’s business in Russia in 1992 and establishing the bank’s Moscow office in 1994.
Mr. Ogdon has  worked in education- at his alma mater Eton College in 2013 and at the Cambridge Careers Research Advisory Centre 2000-2003 -helping both organizations raise money for new educational projects.
Mr. Ogdon is a member of the supervisory board of the Russian Independent Directors Association and international goodwill ambassador of the Aurora Forum – a global humanitarian initiative.  

Education: 

Mr. Ogdon graduated from Lincoln College, Oxford University, Department of Classics and Modern Languages, BA (1984-1987).  
 
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  • Tigran Davtyan
    Tigran Davtyan

    Independent non-executive board member

    July 2020

Mr. Davtyan is Independent non-executive board member of Ameriabank since July, 2020.

Skills and experience: 

Tigran Davtyan has considerable executive experience in the Armenian financial sector and academic experience in the leading universities of Armenia. 

Mr. Davtyan held senior management positions at commercial banks of Armenia, acting as CEO, Chairman of Management Board at Inecobank CJSC (2018-2019) and CEO, Chairman of Management Board at Converse Bank CJSC (2009-2016). Prior to that, he was deputy CEO, Head of Financial markets department at Converse Bank (2008-2009). 
From 2016 to 2018 Mr. Davtyan was the Director of Financial policy department at Eurasian Economic Commission. 
Tigran Davtyan was the Team Leader of USAID/EMG Financial Sector Development Project in Armenia (2006-2008) and Team Leader of USAID/IBM BCS Capital Markets Development Program in Armenia (2002-2004). 

Mr. Davtyan was the Board Chairman of the Central Depository of Armenia in 1999-2002. Prior to that, he held the position of Advisor to Prime Minister of the RA, advising on financial markets (1998-1999). 
Mr. Davtyan started his career as a director of a boutique investment company in 1991, before moving to the Central Bank of Armenia where he held several positions from 1994 till 1998.

Mr. Davtyan has been a member of the Coordinating Council of the Financial and Banking Association of Euro-Asian Cooperation since 2016. 

From 2016 Tigran Davtyan is also a Member of the Board of Trustees of Insurance Foundation of Servicemen.

Education: 

Mr. Davtyan graduated from the Department of Economics of Yerevan State University with the qualification of Economist-Mathematician․   He holds PhD in economic sciences.
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  • Kakhaber Kiknavelidze
    Kakhaber Kiknavelidze

    Independent non-executive board member

    July 2020

Mr. Kiknavelidze is Independent non-executive board member of Ameriabank since  July, 2020.

Skills and experience: 

Mr. Kiknavelidze has more than 25 years of experience in commercial and investment banking. He has been the CEO of Bank of Georgia Group, the leading financial institution in Georgia, from 2016 till 2019, and Advisor to the CEO and the board on strategic and operational issues from 2019 to February, 2020. 

Prior to that, Mr Kiknavelidze served as an Independent Non-Executive Director and member of Audit and Risk Committees of BGEO Group from 2008 to 2016. 

Mr. Kiknavelidze was Managing Partner, Chief Investment Officer of Rioni Capital Partners, a UK based investment management company from 2007 to 2016.

Mr. Kiknavelidze has extensive experience in the equity markets, including serving as an Executive Director of UBS, where he supervised the Russian oil and gas research team from 2005 to 2007. Prior to joining UBS, he spent eight years at Troika Dialog, initially covering metals and mining and the utilities sectors and, later, as Deputy Head of Research and Associate Partner, leading the oil and gas team. Prior to that he served as Investment Associate at Legacy Investment Group, a US based investment company. 

Mr. Kiknavelidze began his career at the Bank of Georgia as a Financial Manager in 1994.

Education 

Mr. Kiknavelidze received his undergraduate degree (BA) in Economics from the Georgian Agrarian University (Tbilisi, Georgia) and MBA from Emory University (Georgia, USA).
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