Petros Christodoulou appointed non-executive Chairman at Hellenic

The European Central Bank (ECB) has approved the appointment of Petros Christodoulou as the Independent Non-Executive Chairman of the Board of Directors of Hellenic Bank Public Company Limited.

Hellenic Bank said that further to its announcement on 28 June regarding the decisions of its 49th Annual General Meeting of the Shareholders, it announces that the ECB has approved the appointment of Petros Christodoulou as Independent Non-Executive Chairman of the Board of Directors of the Bank and, therefore, Christodoulou has been appointed with effect from 8 January 2024.

Hence, the appointment of Christos Themistocleous as an Acting Chairman has ceased to be in effect. “The Board of Directors has expressed its sincere thanks to Mr Chr. Themistocleous for serving as Acting Chairman for the period from 28 June 2023 to 7 January 2024. Mr Chr. Themistocleous remains Vice-Chairman of the Board of Directors of the Bank,” HB said.

Petros Christodoulou, born in 1960, has significant experience in banking. He holds a Bachelor of Commerce degree from the Athens School of Commerce and Economics, now officially known as the Athens University of Economics and Business, Greece, and an MBA from Columbia University in New York, USA.

He started his investment banking career in 1985 at Credit Suisse First Boston in London trading money markets and floating rate notes, before joining Goldman Sachs in 1987 to head its money market trading team in the UK before moving to Canada to trade provincial government bonds. In 1989, he joined J.P. Morgan in London, holding various senior roles until he became Managing Director in 1993 in charge of European derivatives trading.

Between 1998 to 2010, he was at the National Bank of Greece (NBG) Group as General Manager of Group Treasury, Global Markets and Private Banking. In 2010, he became the Director General / Executive Director of the Public Debt Management Agency (PDMA), responsible for the voluntary restructuring of €206bn of Greek sovereign debt held by the private sector, until 2012 when he re-joined the NBG Group as Deputy CEO / Executive Member of the Board until 2014, at a critical time when the bank had to restructure, shed assets, and raise capital. In the same period (2012-2014), he was a non-executive member of the Board of Hellenic Exchanges S.A. He then led Capital Product Partners LP (Nasdaq CPLP), an international shipping company, as CEO and CFO until 2015. Served as non-executive member of the Board of Directors of Aegean Baltic Bank S.A. (Athens, Greece) from 2017 to January 2024. He is a non-executive member of the Board of Directors of Guardian Capital Group Ltd (Toronto, Canada, TSX: GCG.A), member of the audit committee of the Board of Danaos Corporation (NYSE: DAC) and head of the audit committee of the Board of Minetta Insurance S.A.

He is the Principal of Callisto Capital Advisors which advises Greek and international corporates, financial institutions and international institutional investors on business strategy and finance.