THURSDAY, 18 JUL 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Nicos Anastasiades Congratulates Ursula von der Leyen

Christine Lagarde Resigns as Head of IMF

IMH LTD
GAP_Group_2019_468x60px

BUSINESS

brought to you by Deloitte

Bank of Cyprus Appoints Panicos Nicolaou as New CEO

Bank of Cyprus Appoints Panicos Nicolaou as New CEO

At their corresponding Board of Directors’ meetings held today, 13 May 2019, Bank of Cyprus decided to appoint Panicos Nicolaou as Group Chief Executive Officer to succeed John Patrick Hourican, subject to approval by the European Central Bank.

Nicolaou will formally take up his duties once his appointment is approved by the ECB. Once approved by the ECB, he will also join both Boards as an Executive Board Member.

Nicolaou joined the Bank in 2001 and his career has been mostly within the Corporate Banking Division starting as a Corporate Relationship Officer, with a brief assignment as Manager of the Corporate Department of the Restructuring and Recovery Division. He was promoted to the position of Director of the Corporate Banking Division in June 2016 and has been an Executive Committee member since that time.

He has been responsible for managing the Corporate Banking Centres throughout Cyprus, the International Corporate Banking Centre and International Operations, as well as the Bank's Factoring Unit. Under his supervision, Corporate Banking serves over 2,500 corporate clients across key sectors of the economy.

Nicolaou holds a BSc in Financial Services from the University of Manchester Institute of Science and Technology (UMIST) School of Management, UK, a BSc in Mechanical Engineering from National Technical University of Athens (Metsovio), Greece and an MSc in Mechanical & Industrial Engineering from University of Illinois at Urbana-Champaign, USA.

He is also an Associate Member of the UK Chartered Institute of Bankers since 2004. In the months ahead Nicolaou as CEO-designate will work closely with Hourican to help ensure a smooth transition. Commenting on Nicolaou’s appointment, the Chairman Dr. Josef Ackermann said: “After a thorough international search process, I am delighted that Panicos has emerged from a strong field as our choice to lead the Group in its next chapter. Panicos comes from the Bank of Cyprus family, with a long and successful career and notable contributions in strengthening business relationships with our major corporate clients. My Board colleagues and I are fully confident that the Bank of Cyprus will remain in good hands with Panicos at the helm.”

MORE ON BUSINESS

The Cyprus Legal Conference: What Does the Future Hold for Lawyers?

What does the future of Law firms look like? Will there be wig-wearing robots advocating ...

The 3rd Project Management Conference

Project Management Institute (PMI) Cyprus Chapter organizes for the 3rd consecutive year ...

The EC Launches the Awareness Campaign ‘YOU’RE RIGHT’ (#YourEURight) on Consumer Rights

DG Just (The Commission's Directorate-General for Justice and Consumers is ...

FROM AROUND GOLDNEWS

   

Expenditure for Environmental Protection Activities in Industry In 2017 Shows Increase

Expenditure for environmental protection activities in industry in 2017 recorded an increase compared to 2016, the Cyprus News Agency reports. On the basis ...
   

Limassol Boat Show 2020

The sixth edition of the largest boat show in Cyprus and the Eastern Mediterranean region will be proudly hosted at Limassol Marina from 7th to 10th May 2020. ...
   

Ursula von der Leyen Elected First Female European Commission President

German minister wins narrow backing of MEPs to succeed Jean-Claude Juncker, The Guardian reports. Ursula von der Leyen has been confirmed as the European ...
   

Christine Lagarde Resigns as Head of IMF

Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF), the BBC reports. It comes ahead of a decision ...
   

Pound Hits Two-Year Low as City Fears of No-Deal Brexit Intensify

Sterling falls by a cent against dollar after Tory leadership candidates’ backstop remarks, The Guardian reports. The pound has fallen to its lowest ...
   

Sir Philip Green's Arcadia Rescue Plan Faces US Legal Challenge

Topshop owner’s plans threatened by legal action from New York property group, The guardian reports. Sir Philip Green’s rescue restructure of ...
   

Shipping Deputy Minister and Shipping Chamber President Discuss Ways of Enhancing Cooperation

The recently elected President of the Cyprus Shipping Chamber, Philippos Philis had an official courtesy meeting with the Shipping Deputy Minister, Natasa ...
   

Credit Risk Management, SMEs and Family Firms

Professor Panikkos Poutziouris, Rector and Professor in Entrepreneurship and Family Business at UCLan Cyprus will be one of the speakers in the upcoming ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Economic_19/06-18/10_300x250px
Gold_Issue_300x250px

IMH LTD