SUNDAY, 11 APR 2021

 

CONNECT

Facebook Linked In Twitter
GAP Vassilopoulos
GloriaJeans_266x90px
IMH LTD

EU Blamed In 'Sofagate' Diplomatic Spat

Kadis: 100 Projects Totalling €123 Mln Completed In Paphos In The Last 8 Years

IMH LTD

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

   

World Stocks Hit Record High, Powered by Wall Street

Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding U.S. inflation fears, with the lack of inflation pressure keeping bond ...
   

Germany To Discuss Potential Sputnik V COVID-19 Vaccine Purchase With Russia

Germany's health minister Jens Spahn announced on Thursday that his country would engage in discussions with Russia for an eventual purchase of the Sputnik ...
   

Infocredit Group-LexisNexis (RELX Group): A Stronger Alliance

Infocredit Group and LexisNexis, subsidiary of multinational company RELX Group and leading global provider of legal, regulatory and business information and ...
   

EnergyIntel Group Signs Contract With Voici La Mode Group

The EnergyIntel Group announces the signing of contract for the PayGreen Energy Saving Solution with one of the biggest retail Companies in Cyprus, Voici La ...
   

Yiannis Karousos Commends Sabaton's Presence In Cyprus

More international companies and organisations declare their trust to Cyprus Post Office services, said Transport, Communications and Works Minister Yiannis ...
   

Hellenic Bank Releases Financial Results For 2020

Commenting on the Group’s financial results, Phivos Stasopoulos, the Group’s Interim Chief Executive Officer, stated: “Hellenic Bank has ...
   

Seabourn Cruise Line Adds Cyprus To Its Programme

The Shipping Deputy Ministry announced on Thursday the inclusion of Cyprus in the Seabourn Cruise Line`s programme, which is a member of the Carnival Cruise ...
   

Turkey Blames EU In 'Sofagate' Diplomatic Spat

What began as an attempt to repair tense EU-Turkey relations has turned into a diplomatic spat that has been dubbed "sofagate". When European ...

HEADLINES

MOST POPULAR

Gold_March_issue
IMH_COMPANY_PACK_2021

IMH LTD