Draft:Mikheil Lomtadze

From Wikipedia, the free encyclopedia
(Redirected from Draft:Mikheil lomtadze)
  • Comment: See WP:BLP. All statements, starting with the date of birth, need to be sourced or removed. Greenman (talk) 19:35, 2 November 2023 (UTC)


Mikheil Lomtadze
მიხეილ ლომთაძე
Born
Mikheil Lomtadze

(1975-10-17) October 17, 1975 (age 48)
Batumi, Georgia
Occupation(s)Technology entrepreneur, investor, shareholder
Awards

Mikheil Lomtadze (Georgian: მიხეილ ლომთაძე, romanized: mikheil lomtadze) is a technology entrepreneur,[1] investor,[2] co-founder,[3] shareholder[4] and chairman of the board of Kazakhstan-based fintech business Kaspi.kz.

Education and early career[edit]

Mikheil Lomtadze holds a BBA degree from European School of Management (Georgia, Tbilisi) in 1997 and MBA degree from Harvard Business School in 2002.[5]

In 1995, while still a student, Lomtadze established his first company, Georgia Consulting Group Audit, which provided audit and consulting services. In 2002, Lomtadze sold the firm, which became part of the Ernst & Young global network.[6]

He then began his career at Russia's largest private equity fund, Baring Vostok Capital Partners, first as a project manager[7] and then as a partner.[8]

Kaspi[edit]

Baring Vostock invested in Kaspi in 2006, and Lomtadze became CEO of Kaspi shortly after.[3] He led a transformation of the bank, established in 1991, into Kaspi.kz, a highly profitable fintech. He “refounded” and incorporated Kaspi.kz Joint Stock Company in 2008 and overhauled a previously traditional business.[9][10][11] He identified an opportunity for Kaspi in technologies and services, and reallocated resources, rebranded the company,[12] and began building its business ecosystem.[13] In addition to standard banking products (deposits, loans and payment transfers), Kaspi provides an online platform for goods purchase and sale and a mobile app[14][15] now used by over 50% of Kazakhstan's population.[3]

In 2018, Lomtadze announced plans to hold an initial public offering, but, in 2019, postponed its London listing due to uncertainty in international stock markets and in the global technology sector in particular.[16] The move proved fruitful — Kaspi.kz's eventual October 2020 IPO was oversubscribed five times, valued the business at $6.5 billion,[17] and was recognized as Europe's fourth largest IPO in 2020.[18]

Following the IPO, Kazakhstan's president, Kassym-Jomart Tokayev had several meetings with Lomtadze and Kaspi chairman Vyacheslav Kim, recognising that the company's success benefited the Kazakh economy,[17] discussing the development of fintech, e-commerce, digital payments and transition to a cashless economy,[19] and identifying potential areas of joint activity.[20] Kaspi's transformation has played a significant role in the evolution of Kazakhstan's second-tier banks into marketplaces.[21]

In January 2024, Kaspi became the latest London-listed group to sell shares on the New York Stock Exchange.[22] Kaspi's “super app” offers services including online shopping, personal lending and filing marriage applications. The company reported revenue of $2.8bn in the first nine months of 2023, and net income of $1.3bn. Its London-listed shares had almost tripled since their debut in 2020.[22]

Football[edit]

In May 2024, Lomtadze was announced as the new owner of English Football League third tier club Wycombe Wanderers.[23]

Awards and recognition[edit]

In December 2012, Lomtadze was awarded the Order of Kurmet for his contribution to the development of Kazakhstan's economy and banking system.[24][25]

In June 2020, Lomtadze was awarded the People’s Gratitude medal for his contributions to Kazakhstan's COVID-19 pandemic response,[26] after allocating 100 million tenge to the country's healthcare system to purchase rapid antigen tests and ventilators,[27][28] as well as providing 100 free ambulances.[29] In December 2021, he was awarded the Order of Friendship for a significant contribution to the social and economic development of Kazakhstan.[30]

Between 2017 and 2021, Lomtadze was recognised as the best CEO in Kazakhstan, according to the Kazakhstan Growth Forum[31][32][33] and respondents to a PricewaterhouseCoopers survey, with Kaspi.kz noted for its adaptive traits, strategic vision and customer focus.[34][35][36][37][38]

In 2020, for the first time, the Forbes Kazakhstan magazine announced two winners of the Businessman of the Year Award – Vyacheslav Kim and Lomtadze.[39] A key factor in selecting two representatives of the same company was its successful IPO on the London Stock Exchange in October 2020.[40]

Lomtadze is a member of Harvard Business School's Middle East and North Africa Advisory Board.[41][42]

References[edit]

  1. ^ "Conversation with Mikhail Lomtadze".
  2. ^ "Mikheil Lomtadze Named Best CEO at Kazakhstan Growth Forum". 24 September 2021.
  3. ^ a b c "Mikhail Lomtadze". Forbes. Retrieved 7 May 2024.
  4. ^ "Mikhail Lomtadze becomes major shareholder of Kaspi.kz and Kaspi Bank".
  5. ^ "Mikhail Lomtadze: Another Globally Renowned Georgian on the Forbes Billionaires List". 2021-04-28. Archived from the original on 2022-07-29. Retrieved 2022-08-15.
  6. ^ "Правила игры ЦБ сможет проверять банки повторно". www.kommersant.ru (in Russian). 2003-01-15. Retrieved 2022-08-10.
  7. ^ "Georgian Billionaires". forbes.ge. 2021-07-13. Retrieved 2022-08-10.
  8. ^ "Mikheil Lomtadze — the Georgian who became a Kazakh billionaire". www.investor.ge. 10 December 2020. Archived from the original on 2022-03-27. Retrieved 2022-08-10.
  9. ^ "Understanding Entrepreneurial Opportunity in Kazakhstan - Global Activities 2020 - Harvard Business School".
  10. ^ "Kaspi.kz IPO ^ 220007".
  11. ^ "Kazakhstan's SuperApp: Kaspi.kz". 21 January 2022.
  12. ^ https://kase.kz/files/emitters/CSBN/csbnf9_draft.pdf
  13. ^ "Secret of $2 Billion - What Caused the Success of Kazakh Kaspi at LSE, run by Mikheil Lomtadze?".
  14. ^ "Inside Kaspi's Kazakh banking experiment". 13 January 2020.
  15. ^ "Kaspi.kz once again recognized as # 1 in e-commerce". 16 September 2021.
  16. ^ "Mikheil Lomtadze becomes a Billionaire as a Result of Listing Kaspi on LSE".
  17. ^ a b "Kazakhstan Attracts over US$370 Billion in FDI Since Independence". Astana Times. 6 December 2021.
  18. ^ "Fintech star Kaspi.kz most valuable ever listed Kazakh company after huge London IPO". BNE Intellinews. 16 October 2020.
  19. ^ "Kaspi.kz founders met with the President of Kazakhstan". 25 February 2020.
  20. ^ "The President receives Kaspi.kz founders — Official website of the President of the Republic of Kazakhstan".
  21. ^ "Kaspi.kz – сделано в Казахстане с любовью!". April 2019.
  22. ^ a b Megaw, Nicholas (21 January 2024). "Kaspi looks beyond London listing to brighter lights of New York". Financial Times. Retrieved 7 May 2024.
  23. ^ "Kazakhstan billionaire takes over League One Wycombe". BBC Sport. 5 May 2024. Retrieved 7 May 2024.
  24. ^ "Kazakhstan Investment Forum 2021". www.lsegissuerservices.com. 2021-10-29. Retrieved 2022-08-13.
  25. ^ "Михаил Ломтадзе «Құрмет» орденімен марапатталды". 7kun.kz (in Kazakh). 2022-04-23. Archived from the original on 2021-11-17. Retrieved 2022-08-13.
  26. ^ "Mikhail Lomtadze awarded the 'People's Gratitude' medal by the President of Kazakhstan". forbes.kz. 2020-06-26. Archived from the original on 2021-12-15. Retrieved 2022-08-13.
  27. ^ "Saby Foundation and Kaspi.kz purchase rapid tests for the determination of coronavirus". saby.kz/. 2022-03-19. Archived from the original on 2021-06-19. Retrieved 2022-08-10.
  28. ^ "Фонд "Саби" и Kaspi.kz выделили 200 миллионов тенге на экспресс-тесты на коронавирус". tengrinews.kz (in Russian). 2020-03-19. Archived from the original on 2022-01-21. Retrieved 2022-08-10.
  29. ^ "Kaspi.kz дарит 100 машин скорой помощи". informburo.kz (in Russian). 2022-04-23. Archived from the original on 2022-05-17. Retrieved 2022-08-10.
  30. ^ "Prime Minister of Kazakhstan Askar Mamin presents state awards on 30th anniversary of Independence". primeminister.kz. 2021-12-13. Archived from the original on 2021-12-20. Retrieved 2022-08-13.
  31. ^ "Кто лучше всего руководит компаниями в Казахстане?". kapital.kz (in Russian). 2018-09-20. Archived from the original on 2019-09-23. Retrieved 2022-08-14.
  32. ^ "Глава Kaspi.kz Михаил Ломтадзе признан лучшим первым руководителем казахстанской компании — 2019 Country's Best CEOs". inbusiness.kz (in Russian). 2019-09-20. Archived from the original on 2021-12-08. Retrieved 2022-08-14.
  33. ^ "Kazakhstan Growth Forum Names Mikheil Lomtadze as the Best CEO". cbw.ge. Retrieved 2022-08-14.
  34. ^ "Казахстанский выпуск 21-го ежегодного опроса руководителей крупнейших компаний мира, 2018" (PDF). Archived from the original (PDF) on 2022-04-12. Retrieved 2022-04-12.
  35. ^ "Названы лучшие CEO Казахстана". forbes.kz (in Russian). 2019-06-17. Retrieved 2022-08-13.
  36. ^ "Mikhail Lomtadze recognized as best business manager in Kazakhstan". kaztag.kz. 2020-06-11. Archived from the original on 2020-06-29. Retrieved 2022-08-10.
  37. ^ "Mikhail Lomtadze named best CEO in Kazakhstan for the third successive year". forbes.kz. 2021-04-06. Archived from the original on 2022-03-03. Retrieved 2022-08-14.
  38. ^ "Казахстанский выпуск 25-го ежегодного опроса руководителей крупнейших компаний мира, 2022" (PDF). Archived from the original (PDF) on 2022-04-21. Retrieved 2022-04-12.
  39. ^ "Дуумвират: Forbes Kazakhstan определился с выбором лучшего бизнесмена 2020 года". forbes.kz (in Russian). 2021-01-08. Retrieved 2022-08-10.
  40. ^ "Kazakhstan Fintech Firm Kaspi Surprises With Huge London IPO". www.forbes.com. 2020-10-15. Archived from the original on 2022-08-16. Retrieved 2022-08-10.
  41. ^ https://www.hbs.edu/globalactivities/Shared%20Documents/archive/2019%20Global%20Activities%20Report.pdf
  42. ^ "Middle East & North Africa - Global - Harvard Business School".
Retrieved from "https://en.wikipedia.org/w/index.php?title=Draft:Mikheil_Lomtadze&oldid=1222733214"