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AstroBank changes leadership after CEO resignation

28/08/2020 09:19

The Board of Directors of AstroBank Public Company Limited (“AstroBank”), that convened on Thursday, accepted the resignation for personal reasons of the CEO of the Bank, Constantinos Loizides and appointed Aristidis Vourakis to replace Loizides as CEO.

According to a bank’s press release, the appointment is subject to the consent of the Central Bank of Cyprus. In the meantime, the Board of Directors and Loizides have agreed that he will remain as CEO and Director of the Bank, thus ensuring a seamless transition and an uninterrupted, harmonious continuation of the major projects in progress.

According to the announcement, Vourakis is a prominent international banker and brings to the fore, at the age of 45, an already distinguished career with eminent successes at JP Morgan and Bank Audi as well as a number of large successful deals. He will enrich AstroBank with a profound knowledge of investment and transaction banking coupled with experience in restructuring, in credit, in risk and in governance.

The Board thanked Loizides for his significant contribution to the growth and development of AstroBank and underlined the noteworthy added-value that his experience has contributed to AstroBank.

Loizides resignation comes amid rumours that he will assume the position of CEO of Hellenic Bank after the resignation of Ioannis Matsis.