PASHA_BANK_ANNUAL REPORT 2022

46 PASHA Bank 2022 Annual Report Jalal Gasimov earned his Bachelor’s degree in economics from Azerbaijan Economy University, and his Master’s degree in Economic Relations from the Higher Diplomatic College of Azerbaijan. He completed his MBA at the Warwick Business School, UK. Gasimov began his banking career at Ilkbank OSJC, Azerbaijan in 1999. In 2002‑2003, he held various finance-related positions at private sector companies. From 2003-2004, he worked at Azpetrol Oil Company as a finance director, and served as the Deputy Chairman of the Board of Directors of Azpetrol Holding between 2004-2006. He joined the Moscow Office of McKinsey & Company as a consultant from 2006-2007. He held top management duties as CEO at the Bank of Baku, finance director at CRA Group Companies, and as the CEO and Chairman of the Executive Board at Unibank between 2007-2015, respectively. Jalal Gasimov joined PASHA Holding as the Head of the Banking Group and Deputy CEO in 2015, and served as the First Deputy CEO between October 2016 and December 2019 and from January 2020, became the CEO of PASHA Holding. He also serves as Supervisory Board Member at PASHA Insurance, PASHA Life, PASHA Investment, JSC PASHA Bank Georgia, and as the Chairman of the Supervisory Board of Kapital Bank OSJC. Mr. Gasimov has been the Chairman of the Board of Directors of PASHA Yatırım Bankası A.Ş. since 31 March 2017, where he joined as a Board Member effective 17 August 2015. He has 24 years of experience in banking and business administration. JALAL GASIMOV Chairman Farid Mammadov earned his Bachelor’s degree in Political Science at Baku Institute of Social Management and Political Sciences, and his Master’s degree in Political Science at the Academy of Public Administration under the President of the Republic of Azerbaijan. He holds international MBA degree from IE Business School and a CFA degree. He began his banking career in 1999 as a loan officer at United Credit Bank CB. From 2001 to 2010, he worked at Bank of Baku OJSC as Director of Credit Department and subsequently as Deputy CEO. Mr. Mammadov joined PASHA Holding in 2012 as Director of Risk Management, while also serving as a Board Member at PASHA Bank OJSC until June 2013. He was the First Deputy CEO at Kapital Bank OJSC between 2013 and February 2017. He currently serves as Deputy CEO and Director of the Business Lines Group at PASHA Holding. He is Supervisory Board Member at PASHA Investment and Kapital Bank OJSC, in addition to his role as Chairman of the Supervisory Board at PASHA Insurance, PASHA Life, PASHA Technology, PashaPay and JSC PASHA Bank Georgia. Farid Mammadov has been the Deputy Chairman of the Board of Directors of PASHA Yatırım Bankası A.Ş. since 31 March 2017. He has 24 years of experience in banking and business administration. Shahin Mammadov graduated with a Bachelors’ degree in accounting and auditing from Azerbaijan State Economic University in 2002. He obtained his Master’s degree 2004. He also completed his Ph.D. study in Economy at the Azerbaijan Republic Science Academy in 2010 and graduated from the Harvard Business School in July 2017. He started his business career at Yapı Kredi Bank Azerbaijan (formerly, Koçbank JSB Azerbaijan) in 2003 and then continued as Audit Manager at Deloitte&Touche LLC. In 2009, Mr. Mammadov was assigned to the position of Director of the Financial Management Department at PASHA Bank Azerbaijan and in 2011 he became a Member of the Executive Board. In 2013, he joined the Board of Directors of PASHA Bank Georgia supervising the business development function. In July 2014, Mr. Mammadov was appointed as the CEO and Chairman of the Board of Directors at PASHA Bank Georgia. In January 2018, Mr. Mammadov was assigned to the position of Business Support Director and Deputy CEO at PASHA Holding. On 1 March 2018 Shahin Mammadov became Member of the Supervisory Board of PASHA Bank Azerbaijan and on 30 May 2018 became Member of the Supervisory Board of PASHA Bank Georgia. He is also Supervisory Board Member at PASHA Insurance, PASHA Life and PASHA Technology in Azerbaijan. Shahin Mammadov joined PASHA Yatırım Bankası A.Ş. as a Board Member effective 31 March 2015. He has 20 years of experience in banking and business administration. FARID MAMMADOV Deputy Chairman SHAHIN MAMMADOV Board Member Board of Directors