Cyprus Bankers Organization Contemplates Chooseing New Chief Executive Officer
Aristides Vourakis, the current CEO of AstroBank, is set to take on a new role as CEO of Aegean Baltic Bank in Athens by mid-October, marking the end of his tenure at AstroBank.
Vourakis's departure from AstroBank comes at a time when the bank's operations have been acquired by Alpha Bank, pending final regulatory approvals.
During his five-year tenure at AstroBank, Vourakis has been instrumental in the bank's growth and development. His leadership will be missed, but his departure paves the way for new opportunities.
Meanwhile, the General Director position at the Cyprus Bankers Association (CBA) will become vacant at the end of the year, as the current General Director, Michalis Kamas, prepares to step down. Kamas has served the CBA for 32 years, with 19 of those years as the General Director.
The evaluation process for candidates shortlisted for the General Director position of the CBA was completed last Thursday. A three-member evaluation committee, consisting of Aristides Vourakis, Haris Pouangare, and Haris Chambakis, is overseeing the selection process.
Aristides Vourakis is expected to announce the most suitable candidate for the General Director position of the CBA by the end of September. However, the specific person expected to be appointed is not named in the available sources.
In the meantime, Kamas will begin pre-retirement leave, ending his long and distinguished service at the CBA. His departure will undoubtedly leave a significant void in the organisation.
Despite the delay in the announcement of the General Director decision, it is expected that the three-member committee of the Cyprus Bankers Association will appoint the next General Director by the end of September, following Aristides Vourakis taking over as CEO of Aegean Baltic Bank in Athens by mid-October.
Vourakis is a member of the Association of Cyprus Banks and brings a wealth of experience and expertise to his new role. His leadership at the CBA is eagerly awaited.
