Organizational changes aimed at reforming the organizational model of the Bank of Greece were approved by its General Council and are being implemented, in the framework of the work of the Administrative Reorganization of the BoG under the name “Future”, which is in progress.
In particular, as announced today by the BoG, the institutionalization of two positions of General Managers with executive responsibilities was approved and with the primary purpose of supporting the work of the Bank’s Management:
–General Manager of Preventive Supervision and Resolution on the subject of prudential supervision and consolidation of credit institutions. The Director Mr. Spyridon Pantelias was appointed to the position.
-General Manager of Operations with the object of implementing strategies for the efficient operation of the Bank and the further optimization of the provided “horizontal” services (Chief Operating Officer – COO). The Director Mr. George Easter was placed in the position.
The above, in parallel with the above duties, will also temporarily exercise the duties of Director of the Financial Stability and Inspection Companies Directorates, respectively.
The two General Managers are well-known executives, with long-term successful tenure in executive positions, as well as accumulated knowledge and experience in the subjects assigned to them. It is estimated that their placement will help in the more efficient implementation of the remaining changes approved by the General Council and in the faster homogenization of the functions of the Directorates and Units that have been included in their competence.
The above essential interventions are the first of a series of organizational changes, which will be announced gradually during their implementation.
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Source From: Capital

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