Macar Stoianov will become Chief Executive Officer of maib, Moldova’s largest commercial bank, one of whose shareholders is the leading asset management group in the Baltics Invalda INVL, once the National Bank of Moldova (NBM) approves the appointment. Stoianov is currently Chief Financial Officer at maib.
He will replace Giorgi Shagidze, who has led maib since February 2021 and whose mandate as CEO ends on 31 December 2025. Pending the NBM’s approval, Marcel Teleuca, the longest serving board member at maib, will act as interim CEO of the bank.
“We are grateful to Giorgi for leading a remarkable transformation of maib and for building a strong foundation for the next chapter. Macar brings deep financial, strategic and operational expertise, proven leadership within maib, and a strong commitment to our customers and people. We are confident he will continue to raise the bar”, says Vytautas Plunksnis, the Chairman of the Supervisory Board at maib and Head of Private Equity at INVL Asset Management.
Giorgi Shagidze stated: “It has been a privilege to lead maib. I am proud of what we achieved together as a team, from market share gains to a step change in digital, customer experience and financial performance. Macar has been a key partner on this journey, and I am confident the bank will continue to thrive under his leadership.”
“I am honored by the Board’s nomination and see it as a huge privilege to become the new CEO of maib, subject to the NBM’s approval. Since joining the bank in February 2022, I have seen first-hand the strength of our team and the trust our customers place in us. We will stay focused on disciplined growth, service excellence and innovation while further strengthening maib’s resilience and readiness for future strategic milestones”, commented Macar Stoianov.
Macar Stoianov joined maib in February 2022, as head of the finance function, serving as Chief Financial Officer and vice-president of the Management Board. He played a central role in steering the bank through the volatile period that followed the full-scale invasion of Ukraine, helping to safeguard liquidity, capital and risk discipline while advancing the bank’s transformation agenda. Prior to maib, Macar spent seven years with McKinsey, working on strategy, finance and risk, digital transformation and core operations across financial institutions. Before that, he held roles with KBC and ING, gaining diverse experience in finance, risk management and budgeting. Macar holds an MBA from Vlerick Business School, MSc and BA from the Bucharest Academy of Economic Studies, is a CFA charterholder and holds the FRM certification from GARP.
About maib
Maib is the largest bank in Moldova. As of 31 June 2025, it accounted for 35.8% of the country’s bank assets market and 38% of loans. The bank serves more than a third of the people in Moldova and is one of the country’s largest employers. Maib has a high level of capitalisation – as of 31 June 2025, its capital adequacy ratio was 19.7%. In 2024, for the sixth consecutive year, The Banker – a magazine published by The Financial Times – named maib the best bank in Moldova and Global Finance named maib the best sustainable bank in the country.
Since 2018, maib’s largest shareholder is a consortium of investors consisting of the European Bank for Reconstruction and Development, Invalda INVL – the leading Baltic asset management group, and Horizon Capital – a private equity fund manager focused on emerging Europe.
About Invalda INVL Group
Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. The group’s companies manage or have under supervision more than EUR 2 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.