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Marfin: Changes in Greece

11/11/2011 12:04
Marfin announced on Friday the resignation of Iraklis Kounadis and the undertaking of its duties in Greece by Panayiotis Kounnis.

Mr. Kounadis was Group Deputy Chief Executive Officer and Country Manager of Cyprus in Greece.

The Board of Directors decided that Mr Panayiotis Kounnis, Group Deputy Chief Executive Officer and Country Manager of Cyprus, undertakes in addition to his present duties, the duties of Country Manager of Greece.

The Board of Directors thanked Mr. Kounadis for his over-than-11 years contribution to the development and establishment of the Investment Bank of Greece as the largest mediatory service company to the CSE (in both shares and hedge funds) for a number of years, as well as his contribution to the growth and the improvement of the activities of the branch in Greece in the past two years.

“The new structure is expected to contribute significantly to the faster consolidation of the Group’s operations, improve efficiency and further promote the creation of synergies, as well as the better co-ordination between the business units of the Group”, the announcement concluded.