Why is this important
Paresishvili is a prominent figure in the regional financial sector, with experience in managing stock markets in Georgia and Uzbekistan. His transfer to the supervisory board of one of the country’s largest private banks could strengthen strategic expertise and dialogue with the capital market. The appointment of the ex-head of the exchange to a large bank is another marker of the gradual convergence of the banking sector and the stock market.
What happened
- On October 16, Kapitalbank shareholders elected Georgy Paresishvili as an independent member of the supervisory board for a period of 3 years.
- The appointment will take effect after the candidate is approved by the Central Bank.
- In September 2025, Paresishvili left the post of Chairman of the Board of the Republican Stock Exchange “Tashkent” — after the expiration of his three-year contract.
- In January, he announced the need for “serious institutional reforms” for the full functioning of the capital market.
Context
Georgi Paresishvili previously headed the Georgian Stock Exchange, and since 2022, he has headed the Republican Stock Exchange “Tashkent”. Kapitalbank is one of the largest private banks in Uzbekistan, actively developing digital services and corporate products. Appointment to the supervisory board can be part of a strategy to strengthen corporate governance and enter the public equity market.
