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Alpha Bank Cyprus Ltd: New CEO Mr. Miltos Michaelas

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Alpha Bank Cyprus Ltd: Νèος Διευθ yνων Σyμβουλος ο κ ?

The Board of Directors of Alpha Bank Cyprus Ltd, decided on appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd.

The choice of Mr. Michael, an executive who combines long international experience in the financial sector with excellent knowledge of the Cypriot economic and business reality, opens a new chapter to the Alpha Bank Group's presence in the Cypriot market. It underlines the determination of the Shareholder and the Board of Directors of the Bank for rapid implementation of the development Business Planof Alpha Bank Cyprus Ltd, with the aim of providing modern products and services, developing business banking and supporting the progress of the Cypriot economy.

The CEO of the Alpha Bank Group, Mr. Vassilis Psaltis, stated: “We are launching a new period of extroversion and promotion of Alpha< /em> Bank Cyprusin a key banking partner of progress for Cypriot society and entrepreneurship. I am happy that Miltos Michaelas accepted our invitation to join the Management Team of Alpha Bank and contribute to the implementation of our strategic plan for an efficient and profitable Bank. Miltos' deep knowledge of the Cyprus Economy, his proven effectiveness and his strategic approach to the issues of the transformation of banking institutions are a guarantee for the development of Alpha Bank Cyprus”.

Mr. Michaelas will take his new duties, following the approval of his appointment by the European Central Bank, succeeding Mr. Konstantinos Koutentakis, who, in recent years, has been instrumental in the transformation of Alpha Bank Cyprus Ltd, with an emphasis on productivity improvement, cost rationalization and consolidation of its portfolio. With his accumulated experience, Mr. Koutentakis will support the work of the new Management, during the first period, and, subsequently, he will contribute from a new position of responsibility to the implementation of the Group's strategic development plan.

The President and the Board of Directors of Alpha Bank Cyprus Ltd welcome Mr. Michaelas to the Alpha Bank Group and wish him every success in his new duties, while at the same time, they thank Mr. Koutentakis< /strong> for his contribution to date. 

Biography of Miltos Michaelas

Born in 1967. Graduated from the American Academy in Larnaca, holds a BA in Management and Computer Science from Aston University, as well as an MBA with specialization in Financial Services from the University of Nottingham .

Starting with Laiki Bank, in 1992, he began a long career in the financial sector. In October 1999, he left Laiki Bank and took over as Finance Director of the Petrolina Group until 2001. Then, and for the period 2001 – 2006, he was General Manager at Laiki Bank in Sydney, Australia. From 2006 to 2013 he served in various roles that led him to the position of General Manager International & Financial Services of Laiki Bank. Between 2013-2016 he was the International Affairs Advisor of the Bank of Cyprus, while in 2015 he also took over the newly established REMU department. In October 2016, he took over as CEO at Bank of Sydney, a position he has held until today.

Source: www.kathimerini.com.cy

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