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Our management

  • Grigor Hovhannisyan

    Grigor Hovhannisyan

    Chairman of the Board of Directors

    Born on 26 January 1971 in Yerevan.


    EDUCATION

    2001: Graduate of the Fletcher School of Law and Diplomacy, Tufts University, MA
    1993: Graduate of Haigazyan University, Beirut
    1992: Graduate of Yerevan State University, Department of Oriental Studies, Arab Studies


    PROFESSIONAL EXPERIENCE

    December 2018 - April 2020:  Deputy Minister of Foreign Affairs by the decision of RA Prime Minister.

    2016-2018: Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the United States.  

    2013-2016: Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the United Mexican States.

    2014-2016: joint appointments: Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the Republic of Cuba, Republic of Costa Rica, Republic of Panama and Republic of Guatemala.

    2009-2013: Consul General of Armenia in Los Angeles.

    2007–2009: Executive Director of the "Shushi Revival Fund" in Armenia. 

    2006: Field Coordinator at the UN Emergency Mission to the Saida region of Lebanon.

    2005-2008: Lecturer at Yerevan State University in Middle East Politics at the Faculty of Oriental Studies. 

    2004: Chief Adviser, the UN Assistance Mission for Iraq (UNAMI) (Jordan-Qatar). 

    2002-2003: UN Secretariat Coordinator for Palestinian Authority (West Coast Region and Gaza Strip).

    2001–2003: Team Leader and Emergency Planning Coordinator, Office of the UN Special Coordinator (UNSCO) for the Middle East Peace Process (Jerusalem: Israel, Palestinian Authority, Syria, Lebanon, Jordan).

    1998-2000: Head of the UN Secretariat Office for Coordination in the Democratic Republic of the Congo and the Republic of the Congo.

    1996-1998: UN Special Mission to the African Great Lakes region: Uganda, Zaire, Burundi, Rwanda, Tanzania, Kenya. Adviser to the Special Coordinator, program and public relations.

    1994-1996: UN High Commissioner for Refugees, Yerevan Office. Coordinator of the “Shelter” program.

    May 2020 to present: Chairman of the Board of Directors, ARARATBANK OJSC

    DIPLOMATIC RANK

    Ambassador Extraordinary and Plenipotentiary

    FOREIGN LANGUAGES

    English, Russian, Arabic, French, Spanish

    MARITAL STATUS 

    Married, two children

     

  • Arzik Suvaryan

    Arzik Suvaryan

    Board Member

    Born on July 2, 1951 in Sghnakh village, NKR.
    1968-1972: Graduate of Yerevan State University, Faculty of Economics.

    1972-1974:  Joined Soviet Army as an officer.
    1975-1979: Yerevan State University (presently Armenian State University of Economics), postgraduate.

    1981: Supreme Committee for Certification of the USSR, Degree of Doctor of Sciences (Economics).

    1994: Trading-Industrial Palace, Lion Certificate, France.

    2009: Supreme Committee for Certification of the RA Degree of Doctor of Sciences (Economics), Professor.

    1994/07-1995/02: Agrobank CJSC, Head of Resource Management Department.

    1995/02-1998/09: Agrobank CJSC, Vice-executive Director.

    1998/02-1999/09: Agrobank CJSC, Chairman.

    1999/09-2004/06: Armsavingsbank CJSC, Vice-executive Director.

    2004/06 – 2009: VTB Bank-Armenia CJSC, Head of Teaching Center.
    1979 to present: Yerevan State Institute of Economics, Associate Professor (docent), Labor Economics Faculty.

    2006 to present: Russian-Armenian (Slavonic) University, Head of the Chair of Management, author of more than 80 published science papers, text-books & manuals, some of which were published in Russian and English abroad.

    December 2010 to present: Member of the Board of Directors of ARARATBANK OJSC

     

  • Narek Beglaryan

    Narek Beglaryan

    Board Member

    Date of birth:        August 24, 1982

    Place of birth:       Republic of Armenia

    Education

    • 2006-2009 | Master of Public Administration | Public Administration Academy of the Republic of Armenia
    • 1999-2004 | Bachelor of Global Economics | Armenian State University of Economics

    Military service:

    • 2004-2006 Lieutenant of the RA Armed Forces

    Professional experience

    • 2023- present| General Director | HIMQ Foundation
    • 2020 – present | Executive Director | BB CAPITAL LLC
    • 2018 – present | Board Member | ARARATBANK OJSC
    • 2009-2022 | Deputy Director for Administration | Flash Trade LLC
    • 2007-2021 | Executive Director | Flash Tour LLC
    • 2000-2004 | Deputy Director for Regional Branch Development | Arzni Poultry Farm

    Languages

    • Armenian - native
    • English - intermediate
    • Russian - intermediate

    Awards and Certificates

    • 2011 | Marketing 3.0 Values-Driven Marketing seminar | Organized by Dr. Philip Kotler

    Marital Status

    • Married, 4 children
  • Karen Babajanyan

    Karen Babajanyan

    Board Member

    Professional  experince

    April 2020 to present: Board member at ARARATBANK OJSC

    2014 to present: Cofounder and brand Director in Braind company 

    2012-2014:  Armenian State University of Economics Marketing and Career Centre Head of Division

    2010 - 2017: Armenian State University of Economics Department of Marketing

    2008-2009:  Participation in AC Nielsen international marketing research company projects

    2007-2008: Brand specialist in Antares Holding

    Formal education

    2002-2007:  Armenian State University of Economics Department of Marketing and Business Organization 

    2007-2010:  Armenian State University of Economics PhD in the Department of Macroeconomics Dissertation topic: “The Main Issues of Branding Policy'' A number of scientific articles on branding have been published.

    2010:PhD Degree in Economics, issued by the Decision of Professional Board of Armenian State University of Economics․

    Marital status: Married, 2 daughters

  • Armen Harutyunyan

    Armen Harutyunyan

    Board Member

    Date of birth: September 9, 1981

    Place of birth: Republic of Armenia

    Education

    • 2010-2012 | Master of International Development | University of Bristol
    • 2006-2009 | Master of Public Administration | Public Administration Academy of the Republic of Armenia
    • 2000-2002 | Finance and Management | Agribusiness Teaching Center (ATC) of Armenian National Agrarian University and Texas A&M University

    Professional experience

    • November 2020 – present | Board Member | Global FinTech Institute
    • January 2021 – present | Director of Eurasian Economic Commission Department of Agro-Industrial Policy
    • October 2020 – present | Blockchain and Fintech Academic Council Member | Singapore University of Social Sciences (SUSS)
    • December 2019 – January 2020 | Senior Advisor to the Director | Global Center for Technology, Innovation and Sustainable Development in Singapore
    • April 2019 – December 2019 | Acting Chief of Staff, Partnership and International Finance Officer | United Nations
    • August 2018 – August 2021 | Chairman of Board of Trustees | Armenian National Agrarian University
    • November 2018 – March 2019 | Behavioral Economist | United Nations Development Programme (UNDP)
    • August 2018 – November 2018 | Senior Economist, Team Leader | United Nations Development Programme (UNDP)
    • October 2013 – August 2018 | Deputy Minister | RA Ministry of Agriculture
    • October 2012 – October 2013 | Adviser to the Minister | RA Ministry of Agriculture
    • November 2011 – August 2012 | Head of Marketing and International Relations Department | Armenian Harvest Promotion Center | Economist, Marketing Consultant | Center for Agribusiness and Rural Development
    • January 2010 – August 2010 | Akhalkalaki Branch Coordinator | Rural Development of United States Department of Agriculture (USDA) and Georgian Institute of Public Affairs (GIPA)
    • March 2004 – August 2004 | Business Plan Development and Finance Consultant | USDA Marketing Assistance Program (MAP)

     Teaching experience

    • January 2017 – January 2019 | Lecturer | Behavioral Economics | Executive MBA, YSMU
    • August 2016 – December 2017 | Lecturer | American University of Armenia (AUA)
    • September 2016 – March 2018 | Lecturer | Project Management | Agribusiness Teaching Center (ATC) of Armenian National Agrarian University

    Education programs

    • Stanford University, Innovation and Leadership in an Era of Change and Uncertainty, 2018
    • Finnish Innovation Fund, Sitra, Impact Investment, 2018
    • Harvard Kennedy School of Government, Cutting Edge Development, for Executive Leadership Development, 2016
    • French Ministry of Foreign Affairs and International Development, HLP Personalities of Future, 2015
    • London School of Public Relations, Thesis Topic: Integrated Approach on Public Relations, 2009
    • University of California, Davis, OIV Marketing Course, 2008

    Languages

    Fluency in Armenian, English, Russian

    Awards and Prizes

    • Eurasian Economic Union (EEU), Order for Contribution to the Establishment of the Eurasian Economic Union;
    • Joint Japan/World Bank Graduate Scholarship Program (JJWSP), Food and Agriculture Organization of the United Nations, Effective Partnership Commemorative Medal;
    • Gold Medal of the RA Ministry of Agriculture for Agricultural Achievements;
    • Best Defender Award in RA Prime Minister's Football Cup.

    Marital Status

    Single

  • Ara Chalabyan

    Ara Chalabyan

    Board Member

    Born on December 28 1975 in Yerevan

    Education

    • 2012 | Columbia University Business School, General Management Leadership Program
    • 2004 | Fletcher School, Tufts University, Boston, Special six-month Economic Program
    • 2000-2001 | Business Administration (MBA), American University of Armenia
    • 1992-1997 | Department of Economics, Yerevan State University

    Qualification and Membership

    • 2014 | Information Systems Audit and Control Association (ISACA), Qualification CRISC (2014)
    • 2006 | Association of Chartered Certified Accountants (ACCA), Qualification ACCA (2006)
    • 2001 | Institute of Internal Auditors (IIA), Qualifications CIA (2014), CRMA (2013)

    Work Activity

    • 2012-2021, 2023 - to date | President | Institute of internal Auditors Armenia NGO
    • 2022 - to date | Financial, Investment, and Management Adviser | "Armenian Software" LLC | "SV and GA" LLC
    • 2020-2022 | Director, Corporate Services and Development Directorate/Member of the Executive Committee | Central Bank of Armenia
    • 2010 - 2020 | Chief Audit Executive / Head of Internal Audit Department | Central Bank of Armenia
    • Short-term Expert, International Monetary Fund since 2022
    • Started career in 1998, worked as a banking supervisor, internal auditor, risk manager, loan officer, Credit Unit Manager, Director of Corporate Finance Department/Executive Board Member, CFO, CEO, Chief Audit Executive, Corporate Services Director/Executive Committee Member

    Social Activity

    • Independent Member of  the Internal Audit Committee, Ministry of Finance, 2017-18
    • Independent Member of the Internal Audit Committee, Ministry of Labor and Social Affairs, 2018
    • Member of different Committees of the Institute of Internal Auditors Global, Florida, 2015-2020
    • Member of the Board of trustees, Dilijan Central School, 2014-2017

    Military Service

    • 1997-1998 | Senior Sergeant

    Teaching Experience

    • 2012 - to date | American University of Armenia, Finance and Audit, 4 courses
    • 2012 - 2019 | Agribusiness Teaching Center: Finance, 3 courses
    • 2020 - to date | IIA-Armenia, CIA Qualification, and Internal Audit Fundamentals Trainings
    • 2004 - 2010 | IAB Centre – ACCA Qualification Training: 3 courses

    Publications

    • Articles on Internal Auditing (2024)
    1. What Is an Internal Audit?
    2. Differences in External and Internal Audit
    3. What is Audit Committee?
    4. Three lines of Defense
    5. Ethics and Professionalism
    • "The Challenges of Internal Audit in the Public Sector" – IIA-Armenia (2019)
    •  Elevating Team Performance article published in Internal Auditor and Внутренний Аудитор (2018)
    •  Series of articles published at www.banks.am and "Внутренний Аудитор" (2017)
    1. Is the Boss Always Right?
    2. Cultural Stereotypes – Fears of the Boss
    3. The Excuses of "Simple Mortal"

    Awards

    • 2019 | John B. Thurston Outstanding Contributor 2019, Internal Auditor Magazine
    • 2018 | American University of Armenia, Teaching Excellence Award
    • 2016 | Agribusiness Teaching Center, Teaching Excellence Award
    • 2015 | CIA (certified internal auditor) certificate of excellence for 2014 top 10 worldwide result

    Languages

    • Armenian, English, Russian

    Marital Status

    • Married, has four daughters

     

Page updated 08.07.2024 | 14:32

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.