Governance

Governance

 

Ethical conduct is of paramount importance at Eurobank. We were one of the first banks in Luxembourg to sign the ICMA Private Banking Wealth Management Charter of Quality. In doing so, we pledged our commitment to the three main principles on which the charter is founded: integrity, transparency and professionalism.

Our governance bodies and practices comply with the strictest requirements of the European Union and the European legislative and regulatory framework.

Board of Directors and Authorised Management

The Board of Directors has overall responsibility for the bank. It ensures business continuity, oversees management and protects the long-term interests of clients, employees and shareholders. Authorised Management executes day-to- day business according to the strategies and guiding principles laid down by the Board of Directors. They ensure compliance with the relevant regulatory frameworks and safeguard the bank’s solvency, liquidity and long-term financial interests.

François Ries

Chairman of the Board

Membership in Group Committees


    • Chairman of the Board of Directors of Eurobank Private Bank Luxembourg SA
    • Member of the Audit Committee of Eurobank Private Bank Luxembourg SA

    Other post within the Eurobank Group

    In the past Mr Ries has also served as:

    • Managing Director of Eurobank Private Bank Luxembourg SA (1991 – 2007)
    • Member of the BoD, EFG Private Bank (Luxembourg) SA
    • Member of the BoD, Aristolux Investment Fund Management Company SA
    • Member of the BoD, European Financial Group EFG SA Luxembourg

     

    Former career milestones

    Vice President, Loans and Private Banking, International Trade & Investment Bank Luxembourg (1978 – 1991)
    Loans & Treasury Officer, Bank of America, Luxembourg (1970 – 1978)


    Education

    Baccalauréat – Collège Saint Michel – Fribourg (Switzerland)
    Graduate HEC (Master ès Sciences Economiques & Commerciales ) – University of Lausanne (Switzerland)


    Honorary title

    Commandant de l'Ordre de la Couronne De Chêne (Order of the Oak Crown)


    Place of birth

    Luxembourg, Grand Duchy of Luxembourg

    George A. Provopoulos

    Vice-Chairman of the Board

    Membership in Group Committees

    • Vice Chairman of the BoD, Eurobank Private Bank Luxembourg SA
    • Member of the Audit Committee, Eurobank Private Bank Luxembourg SA
    • Chairman of the BoD, Eurobank Bulgaria AD


    Former career milestones
    Governor, Bank of Greece (Jun. 2008 – Jun. 2014)
    Member, Governing Council of the European Central Bank
    Member of the Board of the European Systemic Risk Board (Jan. 2011-Jun. 2014)
    Alternate Governor for Greece in the International Monetary Fund (IMF) (Jun. 2008-Jun. 2014)
    Member of the BIS (Jun. 2008 – Jun. 2014)
    Vice Chairman, Piraeus Bank (Oct. 2006 – May 2008)
    Chairman of the Board of Piraeus Bank’s subsidiaries in Romania, Albania, Bulgaria, Serbia and Egypt (Oct. 2007 – May 2008)
    Chairman of the Board and Chief Executive Officer, Emporiki Bank, The Bank was privatized and acquired by Credit Agricole (Mar. 2004 – Aug. 2006)
    Economic Adviser, Alpha Bank (Jan. 1994 – Mar. 2004)
    General Manager, Foundation for Economic & Industrial Research (IOBE) Dec. 1993 – Aug. 1997)
    Deputy Governor, Bank of Greece (Oct.1990 – Nov.1993)
    Member of the Council of Economic Experts, Ministry of Economy and Finance (Jul. 1989 – Dec. 1992)
    Chairman of the Board of Directors, Centre for Planning and Economic Research (KEPE) (Sept. 1989 – Sept. 1990)
    Associate Professor, University of Athens, Department of Economics (Mar. 1979 – Sept. 2007)

     

    Education
    MA and a PhD in Economics from the University of Essex, UK
    Bachelor's Degree in Economics from the University of Athens, Greece

    Publications
    He has published many articles and books on topics related to his professional interests.

    Place of birth
    Piraeus, Greece

    Nikolaos V. Karamouzis

    Vice - Chairman of the Board

    Membership in Group Committees

    BoD member of Eurobank Cyprus Ltd

     


    Other posts within the Eurobank Group

     


    Management Consultant of Eurobank Ergasias S.A.

     

     

    Mr.Karamouzis is Chairman of Grant Thornton, Greece.

    He also holds the position of Chaiman of the Hellenic Advisory Board, South East European Studies at Oxford (SEESOX), St Antony`s College, Oxford University, Member of the Advisory Board of diaNEOsis, Vice President of A.D.R. PROMOTION ORGANISATION - ADRO, Member of the BoD of Onassis Foundation, Member of the Board of QUEST Holdings, Member of the Board of Foundation for Economic and Industrial Research (I.O.B.E.), Member of the Advisory Board of the Humanitarian Organization "Apostoli" by the Holy Archdiocese of Athens.


    Former career milestones
    Mr.Karamouzis has served as Chaiman of the BoD of Eurobank Ergasias S.A., Member of the Strategic Planning Committee, Member of Risk Committee and Nomination Committee and Member of the Bank`s Legal Council. He has also served as Chairman of the BoD of the Hellenic Bank Association, as CEO of Geniki Bank and Advisor to the Management and Members of the Strategic Planning Committee of Piraeus Bank Group, Deputy CEO of Eurobank Group for 14 years, in charge of Wholesale Banking activities, Deputy Governor, National Bank of Greece, Chairman, Hellenic Investment Company, Deputy Governor, Hellenic Bank of Industrial Development, Director, Foreign Exchange Division of Bank of Greece and Adviser, Federal Reserve Bank of Cleveland (USA). He had also the positions of Vice Chairman of the Hellenic Federation of Enterprises (SEV).

    Education

    Bachelor Degree in Economics, University of Piraeus
    Master Degree in Economics, American University, USA
    Ph.D. in Economics with specialization in Monetary Policy and International Finance, Pennsylvania State University, USA

    Mr. Karamouzis holds the position of Emerritus Professor, University of Piraeus in Greece.


    Konstantinos Tsiveriotis

    Chief Executive Officer (CEO) and Managing Director of Eurobank Private Bank Luxembourg

    Other post within the Eurobank Group

    Member of the BoD,Eurobank Private Bank Luxembourg SA
    Member of the Executive Committee ,
    Eurobank Private Bank Luxembourg SA
    Member of the BoD, ERB Lux Immo SA


    In the past Mr Tsiveriotis has also served as:

    Group Treasurer EFG Eurobank, Athens, Greece (2013 – 2014)
    Head of Global Markets International, Global market EFG Eurobank, Athens, Greece (Oct. 2010 – Nov. 2013)
    Head of Global Markets, Bancpost, Romania (Feb. 2011 – Nov. 2013)
    Head of Structuring, Global Markets (EFG Eurobank, Athens, Greece Apr. 2008 – Oct. 2010)
    Member of the BoD, Eurobank Asset Management, Athens, Greece

     

    Former career milestones

    Ministry of Finance, Hellenic Republic – Public Debt Management Agency, Deputy Director General (Mar. 2005 – Mar. 2008)
    Deutsche Bank, New York NY, Director, Equity Proprietary Trading (Apr. 1998 – Mar. 2005)
    Morgan Stanley , New York NY, Vice President, Trader, Equity Derivatives, Convertible Bonds & Hybrid Structured Products (Jul. 1995 – Mar. 1998)
    CS First Boston, New York NY, Quantitative Analyst, Global Portfolio Trading (Jun. 1992 – June 1995)
    Massachusetts Institute of Technology, Cambridge, MA, Research Assistant in numerical methods and nonlinear analysis at the Department of Chemical Engineering. Instructor in related graduate courses (Feb. 1987 – Jun. 1992)

     

    Education

    Ph. D. in Chemical Engineering, Massachusetts Institute of Technology, Cambridge, MA
    M.S. in Chemical Engineering, Massachusetts Institute of Technology, Cambridge, MA
    B.S.in Chemical Engineering,National Technical University, Athens

     

    Publications

    Published in quantitative and behavioral finance, applied mathematics and computational modeling.

    Christos Adam

    General Manager,
    Group Risk Management,
    Group Chief Risk Officer (Group CRO),
    Eurobank Ergasias SA

    Membership in Group Committees

    Strategic Planning Committee, Member
    Executive Board, Member
    Group Asset and Liability Committee (G-ALCO), Member
    Management Risk Committee, Chairman


    Other posts within the Eurobank Group

    Member of the BoD, Eurobank Factors SA
    Member of the BoD, Eurobank Financial Planning Services (FPS) SA
    Member of the BoD, Eurobank Property Services SA
    Member of the BoD, Eurobank Household Lending Services SA
    Member of the BoD, Eurobank Private Bank Luxembourg SA
    Member of the BoD, Bancpost SA Ltd
    Deputy General Manager since 2005Head of Group Credit Control Sector since 1998

    In the past he served as Senior Account Officer & Senior Manager, Corporate Division (1990-1997).

    Former career milestones

    Account Officer, Corporate Department, ANZ Grindlays SA (November 1987 – November 1990)
    Credit Division, Ergobank central services (January – October 1987)

    Education
    MBA in Finance, University of Michigan, Ann Arbor, USA, with full scholarship from the Fulbright Foundation
    Degree in Economics, School of Economics & Political Sciences, University of Athens

    Place of birth
    Athens, Greece

    Fokion Karavias

    Chief Executive Officer (CEO),
    Eurobank Ergasias SA

    Membership in Group Committees

    Executive Board, Chairman
    Strategic Planning Committee, Member
    Management Risk Committee, Member


    Other posts within the Eurobank Group

    Member of the BoD, Eurobank Private Bank Luxembourg SA (2012-to date)

    In the past Mr Karavias has also served as:

    Senior General Manager, Group Corporate & Investment Banking and Capital Markets & Wealth Management (2014-2015), and Executive Committee Member (2014-2015)

    General Manager and Executive Committee Member (2005-2013)

    Deputy General Manager and Treasurer (2002-2005)

    Head of fixed income and derivative product trading (1997)


    Former career milestones

    Treasurer, Telesis Investment Bank (2000)
    Head of fixed income products and derivatives in Greece, Citibank Athens (1994)
    Market Risk Management Division, JPMorgan NY (1991)

    Research
    He has published articles on topics related to his academic research.

    Education
    PhD in Chemical Engineering, University of Pennsylvania, Philadelphia, USA
    MA in Chemical Engineering, University of Pennsylvania, Philadelphia, USA
    Degree in Chemical Engineering, National Technical University of Athens

    Place of birth
    Athens, Greece

    Michalis Louis

    Head of International Activities General Division,
    Eurobank Ergasias SA

    Membership in Group Committees

    Executive Board, Member
    Regional Loan Committee, Member


    Other posts within the Eurobank Group

    CEO, Eurobank Cyprus Ltd (since 2007)
    Chairman of the BoD, Eurobank AD Beograd, Serbia
    Member of the BoD, Eurobank Private Bank Luxembourg SA
    Member of the BoD, Eurobank Bulgaria AD
    Member of the BoD, Bancpost SA, Romania
    Member of the BoD, CEH Balkan Holdings Ltd, Cyprus
    Member of the BoD, NEU Property Holding Ltd, Cyprus
    Chairman of the BoD, NEU II Property Holdings Ltd, Cyprus
    Chairman of the BoD, NEU BG Central Office Ltd, Cyprus
    Chairman of the BoD, NEU 03 Property Holdings Ltd, Cyprus
    Chairman of the BoD, ERB New Europe Funding III Ltd, Cyprus

    Former career milestones
    Corporate Finance, HSBC subsidiary, New York (1989 and 1990)
    Senior management posts in Laiki Bank of Cyprus (1987-1989)

    Education
    MSc in Corporate Finance & Accounting, London School of Economics and Political Sciences, UK
    Degree in Accounting, Ealing College, UK

    Place of birth
    Nicosia, Cyprus

    Yasmine Ralli

    Director of the Board

    Membership in Group Committees

    Member of the BoD, Eurobank Private Bank Luxembourg SA
    Chairperson of the Audit Committee, Eurobank Private Bank Luxembourg SA

    Member of Audit Committee, Bancpost, Romania
    Member of the BoD, Bancpost, Romania
    Member of Country Audit Committee, Bancpost and Romanian subsidiaries


    Other posts within the Eurobank Group 

    Advisor to the Management on New Europe Treasury, Capital Markets and Wholesale Banking Activities

    In the past Mrs Ralli has also served as:

    General Manager and Member of the Executive Committee, Eurobank Ergasias, Athens (Jan. 2002-Dec. 2004)
    General Manager, Group Treasurer (Dec . 1990- Dec. 2004)
    Member of the Group Market Risk Committee (1995 – 2009)
    Member of EFG Eurobank Market Risk Committee (2000 – 2009)
    Member of International ALCO renamed Group Assets & Liability Committee (June 2006 – Dec. 2013)

    Member of the BoD, Postbank, Bulgaria (Jan. 2000 – Mar.2005)
    Member of the BoD, Universal Bank, Ukraine (Jan. 2007 – Dec. 2013)
    Member of the BoD, Eurobank Belgrade (Jan. 2004 – Oct. 2006)
    Interim CEO, Eurobank Private Bank Luxembourg, Jan. 2014-April 2014)
    Member of the BoD, EFG Eurobank Ergasias International (CI) Ltd. (July 2001 – July 2009)
    Interim General Manager, Eurobank EFG Private Bank Luxembourg (Jan. 2004-Mar. 2004)
    Member of the BoD, HANWA Mutual Fund – Athens, Greece (Oct. 1998 – Nov. 1999)
    Member of the BoD, EFG Mutual Fund Company, Athens, Greece (Nov. 1999 – Feb. 2006)
    President of the BoD, EFG Evroependisis Anapixeos AEEX (Apr. 2001 – Mar. 2003)
    Member of the BoD, EFG Hellas Plc (Dec. 2000 – Jul. 2009)
    Director EFG Hellas (Cayman Island) Limited (Apr. 2002 – Jul. 2009)
    Member of the BoD, EFG Istanbul Securities A.S. (May 2008 – Jun. 2008)
    Member of the BoD, EFG Istanbul Holding A.S. (May 2006 – 2013)
    Member of the BoD, EFG Hellas Funding Limited C.I. (July 2009)
    EMU Steering Committee, Athens, Greece (1997 – 1999)

     

    Former career milestones

    Country Treasurer VP, Bank of America N.T. & S.A., Athens, Greece (June 1980 – June 1990)
    Managing Operations Dept. (Collections, Fund Transfers, Loan Administration, Accountingand Audit, Bank of America N.T. & S.A., Athens, Greece (June 1968-June 1980)
    Denaxas & Trakas SA, Athens, Greece(June 1967-June 1968)

     

    Education

    M.A. Business Administration program summer semester- University of Arkansas European Division
    BS Degree in Economics and business administration

     

    Place of birth
    Alexandria, Egypt

     

    Vincenzo Lomonaco

    Chief Operations Officer (COO) and General Manager of Eurobank Private Bank Luxembourg

    Membership in Group Committees

    • Secretary to the BoD, Eurobank Private Bank Luxembourg SA
    • Member of the BoD, ERB Lux Immo SA

    Former career milestones

    PricewaterhouseCoopers Luxembourg, Advisory Services (1994 – 2007)
    Vereinsbank International S.A. Luxembourg, Attaché de Direction (1990-1994)
    KPMG Peat Marwick Inter-Revision Luxembourg, Senior Auditor (1986-1990)

    Education
    Master of Business Administration, Berry College – Rome (Atlanta), GA, USA
    MSC Applied Economics, Université de l’Etat à Mons, Belgium

    Place of birth
    Villarosa, Italy

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