Governing Bodies

Supervisory Board

  • Vartan Sirmakes

    Mr. Vartan Sirmakes

    Chairman of the Board

    Vartan Sirmakes is the founder and the indirect significant participant of ARMSWISSBANK. An influential businessman in Switzerland, Mr Sirmakes is the founder, owner and CEO of the famous Franck Muller Watchland watch manufacturer. He was born in 11/02/1956 and lives in Geneva.

  • Mr. Raffi Balyozyan

    Member of the Board

    Raffi Balyozyan was born on 02.11.1983 in Nice, France. After studying Business Management at IUT (Nice, France) in 2004, he graduated in 2007 from SKEMA Business school (Sophia Antipolis, France) with a Master’s degree in Financial Markets & Investments. Raffi started his career in 2007 as an analyst in JPMorgan (London, UK). In 2008, he joined Natixis Bank Securities first as an equity research analyst in Paris (France) followed by a debt syndication analyst position at Natixis Bank Capital Markets in New York (USA). In 2010, he joined the Swiss luxury company Frank Muller Group where he is in charge of investment advisory activities for the luxury, lifestyle and consumer retail sector.

  • Mr. Gevorg Chakmishyan

    Member of the Board

    Gevorg Chakmishyan is a highly qualified and experienced professional, whose key areas of expertise include tax and civil law. Mr Chakmishyan brings broad executive experience - gained in a range of international organizations, including PricewaterhouseCoopers – to the ArmSwissBank Board. Born in 24/02/1971, Mr Chakmishyan graduated from Yerevan State University and from leading French Universities, where he studied law and international relations.

  • Mr. Armenak Darbinyan

    PhD, Member of the Board

    Armenak Darbinyan was born on July 25, 1961. He studied at the Armenian State University of Economics, received the degree of Professor of Economics, graduating from the Institute of Economic Research of the RA Ministry of Finance and Economy. Mr. Darbinyan worked for the Central Bank of the Republic of Armenia for almost ten years as a member of the Board, before that 1992-1997 he was the Chairman of the Board of Directors of the Armenian Business Corporation (ABC), from 2003 to 2008 he was the Deputy Minister of Economy of the Republic of Armenia. Has worked as a Public Administration Consultant at the UK Department for Development (DFID), 2005-2011 years Worked as a UNDP Program Coordinator, worked at a number of research institutes.

  • Mr. Meruzhan Galstyan

    Member of the Board

    Meruzhan Galstyan was born on August 26, 1963. In 1984 he graduated from the Yerevan Institute of National Economy with a degree in economics. He earned his MBA from Old Dominion University, Norfolk, VA in 2000, majoring in Financial Management. During 1984-1991 he worked in "Electron" PA as an economist, deputy head of a department, head of a department. In 1991-1993 he was the financial director of "Hayplay" Armenian-Canadian joint venture. During 1993-1997 he has held senior positions at the Central Bank of the Republic of Armenia, working as a Head of Department, Deputy Head of Department, Department Head/Chief Accountant. During 2002-2017 he was the financial director of "Nork-Marash Medical Center" CJSC, and in 2017-2020 he was the Executive Director of the "Environmental Project Implementation Unit" state agency. During 2002-2012 he taught at the Yerevan State University, College of Finance and Banking, French University of Armenia. He currently works as an Executive Director of the "Research & Business Center at the Economics and Business Department of the Yerevan State University" Foundation. He is a founding member of the RA Association of Accountants and Auditors. He is an author of several monographs on financial management, financial and managerial accounting, banking.

Management Team

The extensive experience and expertise on ArmSwissBank~s management team are fundamental to our ongoing success. The team comprises highly qualified specialists from a range of relevant disciplines, all of whom follow high corporate governance values and are committed to the needs of our clients.

  • Gevorg Machanyan

    Dr. Gevorg Machanyan

    Chairman of the Management Board,
    Executive Director

    Gevorg Machanyan has served as Executive Director of ArmSwissBank since it was established and has more than 40 years of experience in the financial industry. For two decades he held senior roles at the Central Bank of Armenia, where he progressed to the position of Chief Auditor, Head of Internal Audit. Dr. Machanyan's managerial and leadership skills have been proven through several large-scale infrastructure development projects, including the implementation of the ArCa and SWIFT payment systems in Armenia. Dr. Machanyan works with a range of international organizations and participates in various conferences and summits around the world. Mr. Machanyan is the Chairman of Armenian-Swiss Business Development Association and member of the Board of Switzerland-Armenia Chamber of Commerce. He was born in 22/08/1959 and graduated from the Yerevan State Institute of Economy.

  • Grigor Movsisyan

    Mr. Grigor Movsisyan

    Management Board Member,
    Deputy CEO-Director of Risk Management and compliance Department

    Grigor Movsisyan has overseen the overall financial performance of ArmSwissBank since its establishment. Bringing his extensive experience in banking supervision gained at the Central Bank of Armenia, he ensures compliance with prudential standards, monitors expenditure and reviews internal control systems. he oversees AML/ATF, compliance, risk management and information security functions at ArmSwissBank. In 2022-2023, he participated in the one-year study program "Executive Certificate in Management" of the American University of Armenia and received a management certificate.He was born in 26/03/1974, and graduated from the Yerevan State Institute of Economy. Grigor Movsisyan has been working at ArmSwissBank since it's foundation.

  • Grigor Hovhannisyan

    Mr. Grigor Hovhannisyan

    Management Board Member,
    Deputy CEO-Director of Lending Department

    Grigor Hovhannisyan has worked in the banking sector for over 15 years, for most of which he has held senior lending and customer service positions. He is highly experienced in banking supervision and the provision of banking services, with expertise in corporate and consumer loans, card products and express transfers. He was born in 16/02/1974 and graduated from Armenian State Engineering University. Grigor Hovhannisyan has been working at ArmSwissBank since 2009.

  • Arkadi Pinachyan

    Mr. Arkadi Pinachyan

    Management Board Member,
    Deputy CEO-Director of Investment Department

    Arkadi Pinachyan has many years of experience in the fields of securities and regulation, having worked in the Securities Market Inspectorate and at the Armenian Securities Commission. Along with his professional career he has also lectured at the Armenian State University of Economy. Mr. Pinachyan was born in 18/02/1976 and graduated from the Yerevan State University, faculty of Economics. He has participated in number of seminars and training sessions in order to improve his professional knowledge and skills. Arkadi Pinachyan has been working at ArmSwissBank since 2006: from 2010 till 2017 he was the Head of Internal Audit and from 01/10/2017 he has been appointed as the Deputy CEO- Director of Business Development Department.

  • Sedrak Baghdasaryan

    Mr. Sedrak Baghdasaryan

    Management Board Member,
    Chief Accountant-Director of Accounting and Reporting Department

    Board experience in commercial banking and work in the department of methodology and analysis at the Central Bank of RA allow Sedrak Baghdasaryan to head Accounting and Reporting Department appropriately and contribute to the Bank’s activities. He was born in 27/04/1976, and graduated from the Yerevan State Institute of Economy. Sedrak Baghdasaryan has been working at ArmSwissBank since October 2005.

  • Gevorg Khachatryan

    Mr. Gevorg Khachatryan

    Management Board Member,
    Deputy CEO-Director of Customer Service Department

    Gevorg Khachatryan leads ArmSwissBank's Customer Service department, ensuring that all our services follow international banking standards. He is also responsible for developing and introducing new products and services in response to our clients~ needs. Mr. Khachatryan has held management positions at the Central Depository of Armenia and was a lecturer at the Armenian-German Financial Banking College. He was born in 29/06/1970 and graduated from the Yerevan State University. Gevorg Khachatryan has been working at ArmSwissBank since it's foundation.

  • Ara Makaryan

    Mr. Ara Makaryan

    Management Board Member,
    Deputy CEO-Director of Business Development Department

    Ara Makaryan was born on July 31, 1990. In 2011 he graduated from the Faculty of Marketing and Business Organization in the Armenian State University of Economics. In 2017, he acquired the Global Finance specialty in the Public Administration of the Russian Academy.

    Ara Makaryan started working in “Procredit Bank” CJSC as a business client consultant in 2012. Then, since 2016 he continued his career at "Capital Locus" LLC as the head in the investors relations department. A. Makaryan started working at "ARMSWISSBANK" since 2017 where he worked as the head of the Project Financing Department until 2019, and then since 2019 he was promoted as the Deputy Director of the Lending Department - Head of the Project Financing Department, and since 2022 he held the position as the Director of Business Development Department.

    He participated in professional and training courses and events organized by a number of internationally recognized institutions. He has rich experience in working with international financial organizations, such as European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB), Eurasian Development Bank (EDB), KfW Development Bank, Green Climate Fund, etc.

  • Anzhela Barseghyan

    Mrs. Anzhela Barseghyan

    Management Board Member,
    Director of Trade Finance and Correspondent Relationship Department

    Anzhela Barseghyan was born on January 2, 1986. In 2007 she graduated from the Faculty of Economics in the Armenian-Russian University.

    Anzhela Barseghyan started working at "ARMSWISSBANK" since 2007 where she worked as a international operations specialist, since 2008 as senior specialist in the Corporate Finance Division. Then since 2010 she worked as the head of the Corporate Service Division, then as the Director of Business Development Department, and since 2017 she was promoted as the head of the Corporate Service Department.

    Since 2023 she held the position as the member of Management Board and Director of Trade Finance and Correspondent Relationship Department.

    She participated in professional and training courses and events organized by a number of internationally recognized institutions. She has rich experience in working with international and local factoring services and international trade financing, while coordinating the Bank's cooperation with European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB), Eurasian Development Bank (EDB), Factors Chain International (FCI, International Factoring Association) and other international financial institutions.

  • Internal Audit

  • Mr. Vahagn Payan

    Head of Internal Audit

    Vahagn Payan has many years of experience in the fields of accounting and auditing. He has participated in number of seminars and training sessions in order to improve his professional knowledge and skills. He is a member of Association of Chartered Certified Accountants (ACCA) as well as a member of the Association of Accountants and Auditors of Armenia. Mr. Payan has an auditor's qualification in accordance with the qualifications of the Association of Accountants and Auditors of Armenia. Vahagn Payan was born in 31/08/1978 in Gyumri and graduated from the Yerevan State Institute of Economics, faculty of Accounting and Auditing. He has been working at ArmSwissBank since 02/10/2017 as the Head of Internal Audit.