The Executive Committee of Alpha Services and Alpha Bank is expanded

Alpha Services and Holdings SA announces the expansion of its Executive Committee and its 100% subsidiary Alpha Bank.

During the last three years, Alpha Bank Group has completed a series of important goals, implementing the commitments it made with the Strategic Plan of 2019.

“The Bank has achieved almost complete consolidation of its balance sheet, through a series of MEA portfolio transactions, and is on a strong growth trajectory after the successful share capital increase that took place at the right time,” he said in a statement.

In addition, it actively seeks to seize new opportunities by establishing strategic partnerships with international groups in key areas of its business. At the same time, it has made significant progress in strengthening its corporate governance and corporate processes.

The Management Team now focuses on the renewal and development of the Bank’s core business, aiming at further expanding its revenue sources and emphasizing on achieving optimal cost management performance.

Digitization is the common denominator between the Group’s strategic priorities and the Transformation Program, with the aim of accelerating implementation and positive impact throughout the organization.

In order to provide the most effective support by the Management Team for the implementation of the strategic priorities of the Alpha Bank Group, the organizational structure is renewed. The Executive Committee, both at the level of Alpha Services and Holdings SA and the Bank, is expanding with the aim of increasing the executive capacity and the capacity of the top management team for fast and efficient implementation.

At the same time, we are joining, in critical areas, the forces of General Managers, in order to speed up decision-making, the more effective exercise of powers and responsibilities, as well as the strengthening of cooperation in a horizontal axis throughout the range of support services, aiming to promote of change in a more comprehensive way “.

Particularly:

Giannis Emiris, General Manager of Wholesale Banking will continue to lead the Wholesale Banking sector, which will be our main pillar of development in the coming years.

Confirming our priority to further strengthen our data leadership role in Wealth Management, which is a key area of ​​procurement revenue, George Michalopoulos, Managing Director of Cash Management, is appointed General Manager of Wealth Management and Treasury in collaboration with Giannis Eimiris. The subsidiaries of the Alpha Asset Management and Alpha Finance Group will refer to George Michalopoulos. From now on, George Michalopoulos will participate together with Giannis Emiris in the Executive Committee.

Isidoros Passas continues to lead his area of ​​jurisdiction as General Manager of Retail Banking, launching the creation of a customer-centric model specialized per customer and multi-channel service, the development of new products and cost-effectiveness through the development of a simple and efficient service model. Mr. Passas continues as a member of the Executive Committee.

Lazaros Papagaryfallou, General Manager and Chief Financial Officer, has
play a leading role so that financial discipline and value creation are high on the Executive Committee’s agenda. Stefanos Mytilineos, General Manager and Chief Operating Officer will work closely with Mr. Papagaryfallou to further promote the balanced approach between technological and financial priorities, as well as to ensure the necessary human and technological resources to achieve our strategic goals. Mr. Mytilineos, since taking office at the end of 2020, has made a significant contribution to ensuring a high level of service, through computer systems distinguished for their security and stability, to redesigning the central procurement platform and setting the conditions for adoption of new advanced technologies for the further automation of our processes. Both Mr. Papagaryfallou and Mr. Mytilineos will continue to be members of the Executive Committee.

The Group’s international presence focuses on Romania, Cyprus and the United Kingdom, with activities characterized by different business profiles and needs. Sergiu Oprescu, as General Manager of the International Network, will continue to be in charge of coordinating the foreign subsidiaries to align them with the Group’s strategic priorities and business objectives. Mr. Oprescu will work with Mr. Papagaryfallou to ensure the optimal use of supervisory funds, the implementation of asset-liability management policies and the discipline in performance monitoring. Mr Oprescu continues to be a member of the Executive Board.

Chief Economist Panagiotis Kapopoulos has made a major contribution to defining our strategy, supporting the work of the CEO and the Management, in a time of uncertainty. From now on, it will work closely with the CFO to further shape our strategic plan and will continue to support our communication with the investment community.

Nikolas Chrysanthopoulos, who currently serves as Managing Director of Strategy, takes over as General Manager and Chief of Corporate Center, referring to the CEO. The areas of Strategy, Human Resources, Corporate Governance and Sustainability, Communication and Corporate Relationships and Legal Support of Banking and Services and Strategic Projects and Supervisory Issues are part of a single and cohesive structure.

Recognizing the strategic importance of human resource management issues, Frangiski Melissa takes over as General Manager and Chief Human Resources Officer, working closely with Mr. Chrysanthopoulos, with the aim of facilitating the organization’s transition to flexible structures, strengthening cross-cutting and cross-cutting speed in making critical decisions by appropriate approval levels. This effort will be supported by a new, complete career development framework that will empower Alpha Bank Group Employees in their development in new directions, through opportunities for vertical or horizontal development at any stage of their career. Mr. Chrysanthopoulos and Mrs. Melissa enter the Executive Committee.

George Terzis takes over as Head of the new Communications & Corporate Affairs Unit, continuing the already successful course in the field of communication and media relations.

Spyros Filaretos, General Manager of Development and Innovation has played an important role in the last two years to put digitization at the center of the Bank’s transformation agenda. Anastasia Sakellariou, General Manager and Chief Transformation Officer, gave a significant impetus to the Bank’s transformation effort, serving unceasingly and with dedication in successfully promoting the transformation agenda and strengthening change in the Bank. Given that the digitization and provision of modern products through alternative networks is the common background for the Group’s strategic priorities and the Transformation Program, Ms. Sakellariou will work with Mr. Filaretos to further enhance their seamless cooperation.

Both Filaretos and Sakellariou Anastasia continue to be members of the Executive Committee. The Marketing sector will also be part of the Development and Innovation Unit, in order to strengthen the close partnership with the digital services and transformation teams.

Spyros Andronikakis, General Manager – Chief Risk Officer will continue to be in charge of the areas of credit control and risk management. The areas of Regulatory Compliance and Judicial Affairs and Support for Delays are also under Mr. Andronikakis, with the aim of overseeing all areas related to risk management. With this move we strengthen our second line of defense against credit and operational risks, as well as risks from the operation of the Markets, making dynamic use of technology and data management to increase the efficiency, speed and quality of decisions and controls in this area. Mr. Andronikakis remains a member of the Executive Committee.

Special mention to Nikos Salakas

Nikos Salakas expressed his intention to resign from the position of Chief Legal and Governance Officer and return to consulting law, but continuing to support the Board of Directors of the Group and the Management as Special Legal Advisor.

For Mr. Salakas, the CEO of the Alpha Bank Group Vassilis Psaltis stated: “Nikos has contributed decisively in charting our course from 2019 until today. His deep knowledge of the subject, his unparalleled work ethic and his high degree of intelligence have Nikos will stay with us, taking on a new role in the practice of legal advice and continuing to support us as a Special Legal Adviser. of our cooperation from his new role “.

As part of the review of the administrative structure, from May 20, 2022, the Executive Committee of Alpha Services and Holdings SA and the Bank will consist of the following members:

• Vassilis Psaltis, CEO

• Spyros Filaretos, General Manager of Development and Innovation

• Spyros Andronikakis, General Manager and Chief Risk Officer

• Lazaros Papagaryfallou, General Manager and Chief Financial Officer

• Giannis Emiris, General Manager Wholesale Banking

• Isidoros Passas, General Manager of Retail Banking

• Nikolas Chrysanthopoulos, General Manager and Chief of Corporate Center

• Sergiu Oprescu, General Manager International Network

• Anastasia Sakellariou, General Manager and Chief Transformation Officer

• Stefanos Mytilineos, General Manager and Chief Operating Officer

• Frangiski Melissa, General Manager and Chief Human Resources Officer

• George Michalopoulos, General Manager Wealth Management & Treasury

The CVs of the members of the new management team are available on the website of Alpha Services and Holdings SA