Zakar Boyajyan joined Gazelle Finance in July of 2014 as the Chief Investment Officer for Armenia. Zakar brings 22 years of finance, banking, risk management, and structured finance experience.
Zakar works for Unibank, one of the leading banks in the region as the First Deputy Executive Director, Chief Risk Officer, and a member of the Credit Committee. At Unibank Zakar manages a $260M loan portfolio with less than 4% default rate and oversees 65 individuals. He is also responsible for establishing the bank’s operating procedures and risk management policies. Prior to Unibank, Zakar worked as the Executive Director at Izmirlyan-Eurasia Universal Credit Company, where he managed a $25M loan portfolio without a single default. Prior to Izmirlyan-Eurasia, Zakar served as the Country Director of the $10.5M Small Business Loan Program at Eurasia Foundation, where he had a successful lending track record of financing companies in every region of Armenia, achieving less than a 2% default rate over a ten year period. Zakar is highly experienced in both origination, risk and portfolio management, and is respected in the banking industry for his skill and successful track record of managing the default and collection processes according to the Armenian legal system. Zakar also served on various positions at the Ministry of Finance and the Central Bank of Armenia, and is a frequent lecturer with the leading universities in Armenia.
Zakar holds an MBA degree from the American University of Armenia and a bachelor's degree in economics from the National Institute of Economics in Yerevan. He is fluent in Armenian, English, and Russian.