Advising on set up of non-banking financial institutions as well as consulting on different UNDP projects

Partnership Fund is a state owned investment fund with asset value of 6.3 billion GEL and equity 2.3 billion GEL. Shareholder of Georgian Railway (100%), Georgian Oil & Gas Corporation (100%), Georgian State Electricity System (100%), Electricity System Commercial Operator (100%), Telasi (24.5%), etc.Obtained ratings equal to sovereign after 6 month of Fund operations.Negotiated financing transactions including structured finance (involving equity call options), Index linked and direct loans.Implemented pricing models for guarantees and debt.Implemented internal control procedures.Engineered financial structures of Projects.Other day-to-day financial management (Treasury Management, Forecasting, Modeling, Audit, Valuation of 2 largest companies in Georgia, Preparation of Financial Statements, Tax Audit, ...)Have worked with 5 different CEOs, 4 major supervisory board changes, 1 major shareholder change. Have held different formal positions, such as Financial Director, CFO, Deputy CEO, Financial Department Director, Chairman of Risk committee, Member of Executive Board, Member of Investment Board, etc. Have been the acting CEO for 5 months (Nov 2011 - Apr 2012).

Financial Modeling

Process restructuring (e.g. salary system changes leading to $7 mn annual saving)Data room management for IPOHead office reorganizationIT management

1. Tbilisi Railway Bypass ProjectDecreased construction cost to 168 mn EUR, from initially designed 809 mn EURWorked on revenue valuation for lender credit committee (final report outcome $826mn from initial estimates $175mn)Project has secured EBRD financing, before the company replaced the facility with alternative financing sources.2. EuroBond issue250 mn USD @ 9.875%Participated in prospectus drafting, ratings presentation & forecast preparation