Vazgen Gevorkyan: Career Overview, Current Activities, Photos

Vazgen Gevorkyan

Vazgen Gevorkyan is an entrepreneur and innovator in the field of business management. He has international experience in the banking and hospitality sectors. Today, as a consultant, he contributes to social, charitable and urban development projects.

Gevorkyan Vazgen: Basic Information

Vazgen Gevorkyan was born in 1971 in Oshakan, Armenia.

In 1993, he graduated in Geology from Yerevan State University. The skills he acquired created a solid foundation for his future activities in infrastructure construction.

In 1996, Vazgen Simonovich Gevorkyan began studying management at the Academy of National Economy.He completed this two-year program while maintaining his professional responsibilities, acquiring competencies in organizational leadership and business strategy. The curriculum combined theoretical frameworks with practical applications in financial management.

2003 in Vazgen Gevorkyan biography was marked by the defense of his candidate dissertation, focused on improving pipeline construction labor processes. His research examined resource conservation as a factor in enterprise competitiveness, addressing operational efficiency and strategic planning considerations.

In 2004, Gevorkyan Vazgen Simonovich received a specialized Master of Business Administration degree from the same university. This program covered banking systems, regulatory frameworks, and financial product development.

Transition to the Banking Sector 

Vazgen Gevorkyan

From 1999 to 2020, Vazgen Gevorkyan biography was also closely tied to banking: he shaped the strategic direction of a major financial institution, initiating a series of major transformational projects.

During the tenure of Gevorkyan, the bank achieved impressive results in international cooperation. This included:

• integration into the international SWIFT system
• becoming a member of the ArCa and VISA payment systems
• establishing a partnership with MasterCard Europe

In 2008, the bank’s financial stability strengthened thanks to the successful private placement of its own bonds. The entrepreneur personally oversaw this process. 

In 2012, Vazgen Gevorkyan participated in the financial institution’s integration with the UNISTREAM money transfer system. That same year, a famous financial magazine recognized the bank as one of the world’s best sub-depository institutions. By 2015, Gevorkyan had overseen the successful launch of a mobile application campaign featuring a special branded card, along with the introduction of the institution’s own security application.

Gevorkyan was the mastermind behind the global reorganization of the financial institution. As a consultant, he suggested starting with a thorough study of client needs. Based on the information gathered, steps were outlined to update and reposition the structure. The financial institution changed its name and began actively developing its retail segment.

The transformation centered on a Mobile First approach. Under Gevorkyan’s leadership, the bank prioritized smartphone applications as the primary customer touchpoint. The strategy maintained a dual-channel model, preserving physical branch locations while redesigning them to improve face-to-face service delivery. This hybrid approach acknowledged regional market preferences for personal interaction when handling complex financial transactions.

The development of its advanced mobile application was one of the bank’s most significant achievements during the tenure of Gevorkyan. Its uniqueness lies in its ability to function as a universal payment terminal, designed not only for its own clients but also for cardholders of other banking institutions.

The IT solution is designed for use by both individuals and companies. Vazgen Gevorkyan explains the application’s capabilities with an example: a company’s accounting department creates a payment order on an office PC, the financial director verifies it from his smartphone, and the general director approves it using a personal tablet. He is convinced that at the current stage, this level of digitalization is not just a competitive advantage, but a necessary condition for successful commercial activity.

Thanks to these transformations, the bank became the undisputed leader among all financial institutions in the country in terms of social media followers, far outpacing its competitors. This demonstrates that the innovations initiated by Gevorkyan were not just a “facelift,” as he himself emphasized in one interview, but a real transformation that addressed the needs of the modern world already living in a digital future.

Under Gevorkyan, the bank strengthened its status as a socially oriented financial institution. This was evident in the support of cultural and sporting events in the country, as well as in the implementation of special programs designed to stimulate business activity among women.

The financial performance throughout the transition period supported the strategic direction. Annual capital expansion reached over 20 percent. Regulatory capital levels maintained a buffer of approximately three times the minimum requirements. Asset growth demonstrated steady year-on-year increases, with proportionate development between corporate and retail lending portfolios.

Vazgen Gevorkyan biography at the digitalized bank concluded in 2020 so he could reflect upon his experience and concentrate on initiating new global projects. During his time with the financial institution, he created a strong team of professional managers and provided a reliable foundation for further development. As a result of his activities, the financial institution became one of the leading innovative banks in the country.

Vazgen Simonovich Gevorkyan: Hotel Business

Vazgen Gevorkyan

In 2007, Gevorkyan ventured into a new business sector. He started implementing a project to create a hotel complex. To this end, he acquired a land plot, and by 2013 an innovative hotel was built.

In 2016, the entrepreneur was actively involved in the development of the resort. By this time, the complex had significantly expanded its infrastructure. Gevorkyan introduced new hospitality standards and formed a strong management team. According to his concept, the hotel was to become a place where guests would want to return again and again.

The development of the innovative resort continued with the opening of its second phase in 2018. The park-hotel significantly expanded its capabilities. Additional facilities appeared in the complex, including separate houses for guests, and sports and entertainment infrastructure, including the largest indoor swimming pool in the region. The high-quality service is confirmed by numerous victories in industry competitions.

The hospitality complex invested significant resources in developing its employees, understanding that human capital was a key success factor in the hospitality industry. To this end, comprehensive social programs were implemented, aimed at the professional and personal growth of each team member.

Employees were provided access to advanced training courses. The hotel collaborated with the educational platform Typsy, which specialized in training specialists in hospitality and tourism. Thanks to this partnership, employees had the opportunity to take online courses developed by leading industry experts and constantly improve their skills and knowledge. In addition, the resort has implemented Agile methodology principles—a flexible approach to project and team management that emphasizes adaptability, iterative processes, and continuous improvement.

As part of the charitable activities supported by Gevorkyan, the park-hotel focused on supporting social institutions in the region. Children’s homes, medical facilities, and educational organizations received assistance. Projects were also implemented to improve the urban environment and support the local animal shelter.

As founder, investor, and manager of the popular resort, Vazgen Gevorkyan created an exceptional hospitality destination that has garnered significant recognition in the industry. His vision for a premium retreat has been validated through numerous prestigious awards. The commitment of Gevorkyan to creating a distinctive experience has positioned the resort among the elite hospitality venues in the region.

Vazgen Gevorkyan made the decision to completely exit the project by selling his stake in the hotel business in 2023.

Role in Sustainable Development 

Vazgen Gevorkyan

Vazgen Gevorkyan also provides support in the operations of an international company founded by his wife, Mareta. It implements large-scale projects aimed at stimulating economic growth and creating a multifunctional environment for sustainable development in the country.

The organization’s philosophy is based on creating inclusive and harmonious spaces that become new centers of attraction for local communities and businesses. The company is distinguished by how it takes into account the cultural characteristics and needs of the region.

The company of Gevorkyan’s wife has assembled a team of professionals — market leaders who are capable of bringing competitive and high-quality projects to life. Special attention is given to developing corporate culture and a professional environment in the country. While not holding official positions in the company, Gevorkyan provides support to his wife on matters of strategic growth.

The company’s project portfolio includes the following initiatives:

• building restoration
• construction of a sports complex
• implementation of an eco-taxi service
• creation of a modern park

Gevorkyan emphasizes the relevance of forming local brand, the importance of the environmental aspect, and the need to increase the investment attractiveness of the republic’s hospitality industry.

Gevorkyan Vazgen Simonovich: Global Entrepreneurship and Mentorship

Vazgen Gevorkyan

As an example of the further expansion of his international entrepreneurial activities, Vazgen Gevorkyan established a development company in Florida in the 2020s. Its first project is the construction of a rental property that will provide spaces to both residents and businesses. Construction began in late 2024.

In addition to his business activities, Gevorkyan engages in mentoring emerging entrepreneurs. His approach focuses on developing independence, drive, and comprehensive market knowledge, providing practical insights into the challenges and opportunities of business leadership.

For more on the latest in business and leader reads, click here.