Resume - Mamuka Machaidze

M A M U K A M A C H A I D Z E

9 T.Tabidze str. 1st Lane, 0179, Tbilisi, Georgia; Mobile Phone: 899 22-00-80; E-mail: [email protected]

EDUCATION Graduate Student of Masters Program in Economic Policy Management (PEPM), School of International and Public Affairs (SIPA), Columbia University, New York, NY, USA, 07/2006 – 10/2006 Economist, Honors Diploma in Finance and Banking, Faculty of Finance and Banking, Department of Economics, Tbilisi State University, Tbilisi, Georgia, 09/1986 – 07/1991

PROFESSIONAL EXPERIENCE Head of Commercial Banks’ Off-Site Supervision Department, National Bank of Georgia (Central Bank), Tbilisi, Georgia, 10/2005 – 06 2006;  Managed the supervision and regulation process of activities of commercial banks and the overall banking system; dealt with macro and micro-prudential analyses of banking sector; identified existing and potential systemic risks, drafted and presented appropriate recommendations and decisions to top management of the Central Bank;  Worked on different types of issues concerning the policy development of financial stability; worked closely with IMF resident advisor on development and implementation of International Standards and Codes; in February 2006 represented banking supervision with joint IMF/WorldBank second FSAP mission. Deputy Head of Banking Supervision and Regulation Department, National Bank of Georgia (Central Bank), Tbilisi, Georgia, 03/1999 – 10/2005;  Created, drafted and coordinated implementation of various regulations in the banking system; drafted and coordinated implementation of modern financial reporting system for commercial banks and quarterly off-site monitoring system of commercial bank activities for banking supervision;  Drafted improvements in the Law on National Bank of Georgia and the Law on Activities of Commercial Banks and met with members of Parliament of Georgia and other government officials and convinced them to adopt the amendments; worked on transformation and modernization of Central Bank’s banking supervision function, policy and procedures;  During 2000-2004 worked and cooperated with “USAID Bank Supervision and Enforcement Program”; in May 2001 represented banking supervision with joint IMF/WorldBank first FSAP mission; worked and cooperated closely with foreign advisors (e.g. IMF, EBRD, USAID, TACIS) for development and implementation of International Standards on Banking Supervision (Basel Core Principles); Deputy Head of Bank Resolution Division, Banking Supervision & Regulation Department, National Bank of Georgia (Central Bank), Tbilisi, Georgia, 06/1997 – 03/1999;  Oversaw eleven largest commercial banks, during the period of 50% devaluation of the national currency exchange rate in 1998, supervised and regulated their activities;  Dealt with resolution of failing banks through on-site inspection and off-site monitoring, developed formal and informal prompt corrective action plans for problem financial institutions; supervised and regulated restructuring process of state-owned and private problem banks. Head of Economic Analysis and Forecasting Division, Joint-Stock Commercial Bank “Ivertbanki”, Tbilisi, Georgia, 05/1995 – 06/1997;  Analyzed the bank’s financial condition, identified problems and weaknesses, drafted and implemented improved internal control system and the system of Asset-Liability management; prepared monthly financial statements and analytical memoranda on condition of credit portfolio, investment portfolio and financial services for Board of Directors. Head of Securities Division, Joint-Stock Commercial Bank “Ivertbanki”, Tbilisi, Georgia, 02/1993 – 05/1995;

1 Resume - Mamuka Machaidze  Prepared and managed entire process of issuing bank’s common and preferred shares in primary market; dealt with bank’s long-term investment opportunities. Credit Officer, Loan Division, Joint-Stock Commercial Bank “Ivertbanki”, Tbilisi, Georgia, 07/1991–02/1993;  Reviewed and analyzed credit application, prepared reports, monitored creditworthiness of borrowers; analyzed credit portfolio, monitored correctness of loan classifications and adequacy of loan loss reserves; prepared reports and presentations on credit portfolio for Credit Committee. Assistant of Logistic Officer, IT Center of the State Statistic Committee of Georgia, Tbilisi, Georgia, 01/1986 – 08/1986;

PROFESIONAL TRAININGS Czech National Bank & Its Experience with the Process of Transformation, Czech National Bank, Prague, Czech Republic, 10/2002 Basic Risk Management, Financial Stability Institute (FSI) of Bank for International Settlements (BIS), Beatenberg, Switzerland, 06/2002 Bank Regulation and Supervision, Studienzentrum Gerzensee of the Swiss National Bank, Gerzensee, Switzerland, 08/2000 Banking Supervision: Bank Evaluation Methods and Risk Assessment, Banque de France, Paris, France, 11/1999 Banking Supervision for Executive Staff Members of Central Banks, Deutsche Bundesbank, Frankfurt am Main, Germany, 03/1999 Training Program for Bank Examiners, USAID program, Evansville, Indiana, USA, 05/1998 Banking Supervision, Basle Committee on Banking Supervision and Bank for International Settlements (BIS), Vienna, Austria, 09/1997 Analysis of Credit and Investment Opportunities for Bankers, Economic Development Institute (EDI) of the World Bank, World Bank/Georgian Government Project of Agricultural Development, Tbilisi Banking Training & Consulting Center, Tbilisi, Georgia, 09/1996 Training Program for Bank Senior Managers, Bankakademie Consortium and TACIS, Tbilisi, Georgia, 05/1994, 10/1994 and 05/1995

PROFESSIONAL CONFERENCES 16th Conference of the Regional Group on Banking Supervision for the Transcaucasia, Central Asia & Russian Federation, Tsakhkadzor, Armenia, 10/2005. Presentation title “Risk-Based Supervision” International conference “Early Warning System as a Key Issue to Bank Solvency and Financial Stability”, organized by the International Association of Deposit Insurers (IADI), Kazakhstan Deposit Insurance Fund (KDIF), European Bank for Reconstruction and Development (EBRD), Almaty, Kazakhstan, 05/2005 International conference “Financial Sector Issues in CIS-7”, organized by the National Bank of Kyrgyzstan, International Monetary Fund (IMF) and Financial Sector Reform and Strengthening Initiative (FIRST), Bishkek, Kyrgyzstan, 05/2003. Presentation title “The Role of Georgian Private Banks in Financial Sector Development” Central Bank Governors’ Club - Experts’ Conference “Banking Structures, Supervisory Practices and the New Basel Accord”, organized by Financial Stability Institute (FSI) of Bank for International Settlements (BIS) and Central Bank of Greece, Athens, Greece, 11/2001. Presentation title “Changing Banking Structure and Supervisory Practices in Georgia” Newly Independent States (NIS) Policy Forum on Microfinance Law and Regulation, organized by USAID and Microfinance Center for Central and Eastern Europe and Newly Independent States, Krakow, Poland, 06/2001 Almaty International Conference of Banks and Stock Exchanges of the NIS and Baltic countries, organized by Central Bank of Kazakhstan, Almaty, Kazakhstan, 09/2000. Presentation title “Regulation of Commercial Bank’s and Problems of Financial Market Development in Georgia” 5th Annual Bank Supervision conference: Financial Sector Supervision in a Global Environment “Implementing International Standards”, organized by USAID and Barents Group LLC of KPMG, Warsaw, Poland, 07/2000 4th Annual Bank Supervision conference: Bank Supervision in a Global Environment “Meeting International Standards”, organized by USAID and Barents Group LLC of KPMG, Sofia, Bulgaria, 07/1999

PUBLICATIONS “The Role of Georgian Private Banks in Financial Sector Development”, Publication of International Seminar of the National Bank of Kyrgyzstan, May 2003, Bishkek, Kyrgyzstan “Basis for Institutional Setting of Financial Sector in Georgia”, official journal of National Bank of Georgia “BANKI”, N 3-4 (12), September 2002, Tbilisi, Georgia “Changing Banking Structure and Supervisory Practices in Georgia”, Central Bank Governor’s Club – Expert’s Conference Publication, November 2001, Athens, Greece “Foreign Capital in Georgian Banking System”, official journal of National Bank of Georgia “BANKI”, N 2, October 2000, Tbilisi, Georgia

2 Resume - Mamuka Machaidze “Regulation of Commercial Bank Activities and Problems of Financial Market Development in Georgia”, Almaty International Conference Publication, September 2000, Almaty, Kazakhstan

SKILLS Languages: Georgian (native); English (fluent); Russian (fluent) Computer Skills: MS Office package

3 Resume - Mamuka Machaidze