Chief Executive Officer - BoD Executive Member & ExCo Member
Miltiades Michaelas
Born in 1967, he pursued a comprehensive education, combining studies in management and computer science at Aston University with an MBA in financial services from the University of Nottingham. He is a Chartered Director as awarded by the Institute of Directors (UK), and was also an Associate of the Chartered Institute of Bankers. His professional journey commenced in 1992 at Laiki Bank, where he made significant contributions to the establishment and growth of the Bank's factoring and invoice discounting division. Over the years, he took on various roles, including managing the Nicosia Corporate Banking Unit. In 1999, he undertook a pivotal role at Petrolina Group, overseeing the strategic restructuring of the family business, leading to its listing on the Cyprus Stock Exchange. Returning to Laiki Group in 2001, he assumed the position of General Manager in Laiki Bank Australia, successfully achieving a break-even position within 12 months. From 2006 to 2013, he held the position of General Manager of International and Financial Services at Laiki Bank (Cyprus), transforming the international business banking division into a market growth leader. Following the depositors' bail-in and the absorption of Laiki Bank's Cypriot operations by Bank of Cyprus, he took on the role of Director of International Operations and REMU. In 2016, he relocated to Australia to become the CEO of Bank of Sydney. During his tenure, he reshaped the Bank's culture, leadership, and business model, doubling the balance sheet within three years. Despite challenges in traditional loan segments, he successfully entered the retail home loan market, expanded the Bank's trade finance business, and enhanced profitability through growth and cost management measures. In 2023, he assumed the role of CEO at Alpha Bank, where he continues to contribute his expertise to the financial sector.
SENIOR GENERAL MANAGER – COO – BoD Executive Member & ExCo Member
Nicholas Mavrogenis
Born in 1969, he is a key player at Alpha Bank, contributing significantly to the success of the Organization. His educational background includes studying BΕng Electrical and Electronics Engineering and obtaining an MSc in Engineering and Physical Science in Medicine from Imperial College, University of London, showcasing a unique blend of technical knowledge and strategic insight. Joining Alpha Bank in 1994, he embarked on his professional journey as a dealer in the Treasury Division. His early responsibilities centered around managing the Bank's foreign exchange and interest rate risk, displaying a keen understanding of financial intricacies. In 2000, his capabilities were recognized when appointed by the Managing Director to set up Alpha Finance Ltd as a Manager. In this pivotal role, he demonstrated leadership and organizational skills by supervising all aspects of the company. Transitioning to the Cards Division in 2004, he not only served as a Supervisor but also played a key role in establishing a new unit responsible for assessing all retail credit applications. His career within the organization continued to progress as he moved through various roles, ultimately becoming the Manager of the Division. Since 2011, he has held the significant position of General Manager of Operations and an executive member of the Board of Directors at Alpha Bank. In this capacity, he oversees critical operations divisions, including IT, organization, digital banking, MIS and planning, property, payments, and investment products operations. His role extends to formulating and implementing the business and IT strategy of the Bank, reflecting his comprehensive approach to contributing to Alpha Bank's continued success.
GENERAL MANAGER WHOLESALE BANKING – ExCo Member
Christoforos Stylianides
He was born in Nicosia in 1968. He graduated from the English School in 1987. Between 1987 and 1989 he served in the army. He holds a BSc (Econ) Accounting and Finance degree with First Class Honors from the London School of Economics and Political Science and an MBA with Distinction from INSEAD in France. He is a Fellow of the Institute of Chartered Accountants in England and Wales, a member of the Institute of Certified Public Accountants of Cyprus and a member of the Association of Corporate Treasurers in the UK. He started his professional career at KPMG in London where he participated in, and supervised, various audit and advisory engagements for corporate clients mainly in the manufacturing sector, between 1992 and 1995. In 1996 he joined Cyprialife, as financial controller and member of the top management team, which saw the newly established company become a market leader in life insurance in Cyprus. In 2000 he moved into banking. He held various positions at Bank of Cyprus (ex Laiki Bank) such as Manager Special Projects, Head of Credit Risk, Head of Corporate Center, Deputy Divisional Director International Operations, CEO of the subsidiary in Russia, Group Director Deleveraging and General Manager Business Banking. In 2013, he moved to RCB Bank, where he assumed the position of Head of Corporate and SΜE Lending. He led, the setting up and development of the Bank’s local lending portfolio, which was acquired in 2022 by Hellenic Bank. At Hellenic Bank, he was appointed Head of Corporate a position he held until moving to Alpha Bank to assume the role of General Manager Wholesale Banking.
CHIEF WEALTH MANAGEMENT OFFICER (CWMO) – ExCo Member
Kyriacos Michaelides
Born in 1964, he embarked on a journey of financial expertise that spans continents. After obtaining a BBA in Finance and Investments from Baruch College of City University of New York and an MBA in Financial Services from St. John's University in New York, his career took root in the USA. He joined Value Line Inc. as an Investment Analyst, laying the groundwork for his financial acumen. Relocating to Cyprus in 1994, he became a Credit Officer at Laiki Bank, swiftly advancing to an Account Manager managing loan portfolios for large corporate and institutional clients. Progressing through roles, he assumed responsibilities as Assistant to the Manager of the Corporate Banking Division and Secretary of the Loans Committee. His versatility shone as he worked as an Investment Banking Officer, eventually becoming the Manager of the Asset Management Division in 2001. His innovative spirit surfaced in roles like Assistant Branch Manager and Project Manager in the Retail Banking Division, where he designed a groundbreaking computer program for the automatic evaluation and approval of micro-credit applications. This proprietary credit screening system became widely adopted across the Bank's business units. In 2006, he took the helm of the International Business Center in Nicosia, achieving a remarkable feat by doubling fee income and profitability within two years. The trajectory continued with roles as the Director of Wealth Management and, in 2015, he assumed the role of Head of Branch Network at RBC Bank. In 2023, his rich experience led him to Alpha Bank, where he now serves as the Chief Wealth and International Banking Officer, marking the pinnacle of his impactful career in the financial sector.
CHIEF FINANCIAL OFFICER (CFO) – ExCo Member
Giannis Tofarides
Born in 1980, he started his career with a degree in Business Administration from the University of Arizona, followed by the professional qualification ACA from the Institute of Chartered Accountants of England and Wales (ICAEW). His professional journey began at Ernst & Young LLP, as an auditor. In 2007, he joined Cyprus Popular Bank in Group Financial Control, progressing to the role of Head of Capital. His experience extended to financial reporting and tax matters. In 2013, he took the role of Deputy Manager of Financial Services Division in Alpha Bank Cyprus where he was responsible for the reporting and accounting and control departments. Among other he took an active role in the project for the transition to the new definition of Non-performing Exposures, the merger with Emporiki Bank Cyprus and the transition to IFRS 9. In 2016, he took the role of Financial Services Division Manager. From his role, he became a member of Credit Risk Committee and ALCO. In 2023, he became Chief Financial Officer (CFO).
CHRO – CHIEF HUMAN RESOURCES OFFICER – ExCo Member
Theophanis Loumbas
Born in 1971 in Cyprus, he pursued academic excellence by earning a scholarship to study BEng in Electrical and Electronics Engineering at the University of Leicester, followed by a Master's degree in Communications Engineering from the University of Birmingham. He is also holder of the Diploma in Banking from the American Institute of Bankers, a Certified Internal Auditor, a Certified Information Systems Auditor, a Certified Information Systems Security Professional, a Chartered Engineer and holder of several other certifications. His professional journey began at Logicom Public Ltd, where he started as Production Manager, contributing to the design of the company's first personal computer and the company’s computer production line. In 2003 he was promoted to the position of the Group Technical & IT Manager, overseeing Logicom’s multinational IT Infrastructure and securing of the Group’s network infrastructure. In 2008, he joined Alpha Bank Cyprus as an Information Systems Auditor, auditing the IT infrastructure and applications. He quickly progressed to the role of the Internal Audit Division Assistant Manager overseeing the audit engagements in central divisions of the Bank. In 2016 he moved to the Information Security & Personal Data Protection Division. During this time, he served as the Company Information Security Officer (CISO) and the Data Protection Officer (DPO), collaborating with various Bank units to implement information security and personal data protection principles. In 2021, Mr Loumbas took over the role of Manager in the Human Resources Division, and in 2023, he was appointed as Chief Human Resources Officer, heading the Human Resources, Legal Services and Governance & Sustainability Divisions.
CHIEF RETAIL BANKING OFFICER - ExCo Member
Popi Hadjioannou Demetriou
Mrs. Popi Hadjioannou Demetriou is an accomplished banking professional with over 30 years of experience in the financial services sector. She holds a BSc in Accounting and Economics with First Class Honours from the University of Southampton. She is an Associate Member of the Institute of Chartered Accountants in England and Wales (ICAEW) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). Additionally, she holds the Advanced Level Certificate issued by the Cyprus Securities and Exchange Commission (CySEC). Mrs. Hadjioannou Demetriou started her career in London where she qualified as an ACA. Upon returning to Cyprus in 1995, she joined Lombard NatWest (now Alpha Bank Cyprus Ltd) where she quickly rose to senior positions, serving as Head Financial Control and Head of Treasury. She held the latter role until 2011, when she was appointed as Head of the Retail Banking Division. In this capacity, she successfully managed and coordinated the operations of the bank’s branch network, overseeing a team of over 200 employees. In 2017, she joined Eurobank Cyprus Ltd as Head of Affluent Banking, where she played a key role in the successful establishment of a new unit catering to Affluent clientele. In 2024 she was appointed Head of the CEO’s Office, providing executive-level strategic and operational support. Throughout her career, Mrs. Hadjioannou Demetriou has been an active member of numerous bank committees, contributing to strategic planning, governance and executive level decision making.
CHIEF INTERNATIONAL BANKING OFFICER (CIBO)*
George Charalambous
Born in 1972 he graduated from American Academy Larnaca in 1990 and holds a BSc (Hons) Industrial Economics from the University of Nottingham and an MBA from Massachusetts Institute of Technology (MIT). He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of the Institute of Certified Public Accountants of Cyprus (ICPAC), an approved Insolvency Practitioner member of the European Association of Turnaround Professionals (EACTP) and member of the International Compliance Association (ICA). He brings over two decades of leadership experience in corporate and international banking, with a strong track record in strategy, restructuring, and cross-border operations. His early career included advisory work at PricewaterhouseCoopers (PwC), followed by a transition into Corporate banking with Cyprus Popular Bank. He went on to serve as Country Manager International Lending for Russia, Ukraine, and Estonia at Marfin Investment Group and as Director of Corporate Banking at Russian Industrial Bank, where he delivered major loan origination and restructuring programs and drove performance improvements. In 2010, he joined Hellenic Bank group, assuming key executive roles in both Moscow and Cyprus, including General Manager of LLC CB Hellenic Bank Russia, Head International Banking and Head of Arrears Management at Hellenic Bank Cyprus and Director of Corporate Recoveries at APS. In 2025, he was appointed Chief International Banking Officer at Alpha Bank and became a Member of the Executive Committee. He is responsible for the Bank’s international business strategy, cross-border development, and the growth of key international portfolios.
*Subject to approval by CBC
CHIEF RISK OFFICER - ExCo Member
George Shiammoudis
Mr. George Shiammoudis initiated his professional career in 2003 as a Research Officer at the University of Cyprus, where he was responsible for the production of policy oriented economic research. In 2005, he joined PwC Advisory as an Associate, where he steadily advanced to the position of Senior Manager by 2014. During his tenure, he engaged in the provision of financial advisory services to private sector businesses and the public sector. Such corporate finance experience included valuations, M&A advice, preparation of business plans, feasibility studies and financial modelling. In addition, he developed deep technical expertise in the banking sector in areas such as asset quality reviews, stress testing and provisioning, regulatory compliance, credit analytics and valuations, risk data and risk reporting, as well as risk modelling. In 2017, he joined Alpha Bank where he assumed the position of Head of Credit Cost Assessment (collective and individual provisioning), Credit Risk Methodologies, as well as Credit Risk Data Analysis and Reporting, further strengthening his expertise in banking and risk management. Returning to PwC in 2021 as Director of Advisory Services, he brought over 15 years of experience with a focus on risk and regulatory compliance, excelling in managing client relationships, team leadership, and driving strategic growth initiatives. He is a Fellow Chartered Accountant of the ICAEW, and a former Member of the Financial Services Committee and the ESG & Sustainability Committee of ICPAC. He holds a BSc in Economics from the University of Cyprus and an MSc in Economics and Finance from the University of Warwick.
CHIEF INFORMATION OFFICER (CIO) – ExCo Attendee
Petros Alexandrou
Born in 1971, he embarked on a journey that seamlessly merged computer science and accounting, graduating from the University of Manchester. His academic prowess expanded with a Μaster's in Business Administration and Information System. In 1996, he contributed significantly to IBOS Limited's pricing strategy formulation as a Business Development Officer. His career took a transformative turn when he joined Alpha Bank's Operations and IT Division. Leading the Bank's Millennium project implementation, he later assumed the role of Supervisor, orchestrating the design and implementation of a new core banking system. This project not only delivered a cutting-edge system but also brought about a significant redesign of the Bank's processes and operations. In 2005, as Assistant Manager in the Information and Technology Division, he headed the team managing the Bank's core banking system, skillfully coordinating various projects aligned with the Bank's current planning. The acquisition of Emporiki Bank Cyprus by Alpha Bank Group marked a pivotal moment in his career. He adeptly managed the Information Technology division for both entities, successfully executing the Migration project of Emporiki systems to Alpha Bank Systems. His leadership ensured seamless business continuity and compliance during the parallel running of the Banks in Cyprus. Since 2007, he has held the role of Division Manager, steering the development and provision of the Bank's IT services and projects. Additionally, he played a key role in the preparation and execution of the Bank's IT strategic planning. His unwavering commitment to technological excellence culminated in his appointment as Chief Information Technology in 2023, where he assumed responsibility for pivotal divisions including Organization, Digital Banking, Data Management, and Information Technology, solidifying his role at the forefront of the Bank's technological advancement.
CHIEF SUPPORT OPERATIONS OFFICER (CSOO) – ExCo Attendee
Christos Tryfonos
Born in 1973, he pursued his education in Business Administration at the University of Wichita State in the USA, further enhancing his knowledge with an MBA from the University of South Florida, also in the USA.
His journey at Alpha Bank began in 2000, in the credit department, quickly showcasing his dedication. Transitioning to the Organization Division in 2003, he played a pivotal role in researching, recommending, and implementing new credit procedures. His extensive expertise propelled him to Assistant Manager in 2013. In 2016, he assumed the role of Manager of Credit Operations Division, overseeing efficient goal attainment, monitoring performance metrics, and centralizing functions for optimum efficiency.
On 1.9.2023, he was appointed Chief Support Operations Officer (CSOO) overseeing the support operations of credit services, payments and investments services and business units’ operations, a position that reflects his evolution and significant contributions to the organization's success.