MONDAY, 17 JUN 2019

 

CONNECT

Facebook Linked In Twitter
Invest_Cyprus_30/05-03/07_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Anastasiades Takes Part in MED7 Summit in Valletta

Syllouris: House Will Support UNECE's Proposal for Cyprus to Host 2021 Summit

IMH LTD
Invest_Cyprus_30/05-03/07_468x60px

Wilbur Ross’ Dream Team

 

PREVIOUS

NEXT

 
 
 
Wilbur Ross' Dream Team

Wilbur Ross' Dream Team

Following his investment in the Bank of Cyprus, Wilbur Ross has proposal a ‘dream team’ Board of his contemporaries, whom he would like to see elected come the November 20 Annual General Meeting.

 

The new Board has been selected to add financial expertise and will better reflect the shareholder base following the recent stock issuance, Ross explains.

 

The US billionaire has named Dr. Josef Ackermann, former CEO of Deutsche Bank, as his first choice for Chairman.

 

And Wilbur Ross is adamant: Dr. Josef Ackermann is the right person to fill the position of Chairman of the Bank of Cyprus (BoC), and during an interview with CNBC, the US-based billionaire explains why.

 

“We’ve had dealings with him for a very long time through Deutsche Bank,” he begins. “I have a great respect for him, particularly as a strategical manager, and as BoC clears up its delinquent loan portfolio, which is its most immediate issue, it then needs to develop a strategy, a geographic strategy, a strategy for how to deal with mobile banking, and for how to deploy its resources, so I think Dr. Ackermann is uniquely positioned to deal with all of these issues.”

 

Ross’ nominations are in: now, read on for the dream team’s biographies in getting to know the potential new Board of Cyprus’ largest lender. 

FROM AROUND GOLDNEWS

   

Ford Recalls 1.2 Million Vehicles in US Over Suspension Fault

Ford is recalling 1.2 million sport utility vehicles in the US over suspension issues that the car giant said could affect steering, the BBC reports. The ...
   

Huawei Cancels Laptop Launch Because of US Trade Blacklist

Huawei has ditched a product launch for the first time since the US placed it on a trade blacklist, the BBC reports. It was reported that the Chinese tech ...
   

UK Businesses Urged to Step Up Preparations for No-Deal Brexit

Britain’s businesses are being urged to step up their preparations for a no-deal Brexit amid signs that Theresa May’s successor could be prepared ...
   

Aes Ambelis Winery Recognised in Wine Competitions

Aes Ambelis wines once again received major accolades in 2019, both in local as well as in international wine competitions, demonstrating the high quality of ...
   

Cyprus Loses Bid to Host European Labour Office in Nicosia

Cyprus has lost its bid to host the European Labour Office in Nicosia after a decision to locate the organization in the Slovakian capital, Bratislava. ...
   

Syllouris: House Will Support UNECE's Proposal for Cyprus to Host 2021 Summit

President of the House of Representatives, Demitris Syllouris, said that the House is particularly sensitive to issues regarding sustainable development and ...
   

Anastasiades Takes Part in MED7 Summit in Valletta

Cyprus President Nicos Anastasiades takes part in the 6th MED7 Summit, in Valletta, Malta, on June 14. President Anastasiades, who is accompanied by ...
   

Coca-Cola’s Seasonal Collectable Bottles to Support “Zero Waste Beach”

Coca-Cola’s collectable bottles will support an important environmental cause this summer. The collectable glass contour bottles, which will circulate ...

HEADLINES

MOST POPULAR

CL8_03/06-17/06_300x250px
Gold_Issue_300x250px

IMH LTD