Alpha Bank announces new Deputy CEO
Alpha Bank has announced the appointment of Lazaros Papagaryfallou as Deputy CEO of the group. Remaining a member of the Executive Committee, Mr. Papagaryfallou will now focus further on achieving the group’s main strategic objectives, working closely with the Chief Financial Officer, Chief Operating Officer, Chief International Network, Chief Economist, and CEO of Alpha Real Estate Services to enhance the Bank’s performance.
Vasilis Kosmas is appointed as the new Chief Financial Officer and member of the Executive Committee of the Bank.
New Appointments in Alpha Bank Group
Mr. Lazaros will take over the responsibilities of Performance Management & Reporting, Statutory Reporting & Tax, Capital Management & Banking Supervision, Asset Liability Management, Capital Instruments & Securitization, NPE Strategy Recovery and Monitoring, and Investor Relations in close collaboration with Mr. Papagaryfallou.
The CEO of Alpha Bank Group, Vasilis Psaltis, stated: “Lazaros has successfully led many important initiatives over the years, always focusing on creating value. He has extensive experience in managing complex banking agendas and demonstrates unparalleled commitment to implementing our business strategy.”
Appointment of Vasilis as Chief Financial Officer
We are pleased to announce the appointment of Vasilis as our new Chief Financial Officer. His extensive experience and proven track record make us confident that he will strongly support the achievement of our strategic and financial goals in his new role.
Vasilis has been working closely with us for the past few years in his previous position, playing a key role in the recovery of the balance sheet of the Greek banking system. His recognized skills and expertise both domestically and internationally make his appointment a valuable addition to our team, enhancing our effectiveness and bringing market knowledge to the table.
Lazaros Papagaryfallou: A Leader in Business Administration
Lazaros Papagaryfallou was born in Athens in 1971. He studied Business Administration at the Athens University of Economics and Business and holds an MBA in Finance from the University of Wales, Cardiff Business School. He began his career at Citibank and ABN AMRO before joining Alpha Bank in 1998.
During his time at Alpha Bank, Lazaros served in various senior management positions, including Director of Corporate Development, International Network, and Strategic Planning. In 2013, he took on the role of Deputy General Manager, where he strengthened the leadership of our administrative team and contributed to the growth and success of the bank.
Vasilis Kosmas: A Leader in the Financial Industry
Vasilis Kosmas is a prominent figure in the financial industry, known for his contributions to the implementation of the Group Restructuring Plan, capital strengthening of the Bank, and execution of a series of mergers, acquisitions, and portfolio transactions. He was appointed CFO of the Group in 2019, and in 2022 he also took on responsibilities for International Operations and COO.
Throughout his career, Vasilis has served as President and Member of the Boards of Directors of Group companies in Greece and abroad, spanning the banking, insurance, financial, and industrial sectors, as well as real estate. His leadership and expertise have been instrumental in driving growth and success within the organizations he has been involved with.
John Doe – A Career in Finance
John Doe was born in Athens in 1971. He studied Business Administration at the Athens University of Economics and Business and holds an MBA in Finance from the Stern School of Business at New York University. Throughout the early stages of his career, he worked for multinational companies such as Procter & Gamble and McKinsey, both in Greece and other European countries.
In late 2007, John joined the National Bank of Greece, leading the bank’s efforts in Wholesale Funding, Structured Finance, and Strategy. He also headed the Asset Quality Review/Stress Tests teams within the Bank, showcasing his expertise and leadership in the financial sector.
Supporting European and Greek Banks
During the first period of operation of the Single Supervisory Mechanism, our team was actively involved in supporting European banks with the deleveraging of non-core assets. Over the past 9 years, we have also partnered with Greek banks to help them deleverage non-core assets through sales and securitizations within the framework of the Greek Asset Protection Scheme (“Hercules”). Additionally, we have facilitated synthetic transfers of credit risk to support these financial institutions in managing their risk exposure.