Miltos Michaelas to depart as CEO of Bank of Sydney

·

Bank of Sydney has announced that its long-serving CEO, Miltos Michaelas, will be departing the Bank at the end of June 2023 to return to Cyprus after over 6 years in the position following earlier tenure as CEO between October 2001 and July 2006.

Mr Michaelas has successfully guided the development of the Bank’s long-term strategic plan with a focus on driving internal efficiencies and the implementation of automation and digitisation projects. These initiatives will continue to drive better outcomes for the Bank’s people, its customers and its communities in the years to come.

The Bank’s Chairman, Nicholas Pappas said, “Miltos Michaelas has held the position of CEO, for over 6 years and has shown unwavering dedication and service. Most notably, Miltos successfully led the Bank through one of its largest transformational periods, the products of which will be continued and sustainable organisational growth. The Board conveys to him and his wife Despo its deep appreciation for all that has been achieved and wishes them well on their return to Cyprus.”

Mr Michaelas commented, “There is a strength in Bank of Sydney’s Board, Executive, people and operational capabilities. Bank of Sydney is in a strong position to achieve growth, and the timing is right for me to now focus on my family overseas.”

The Board, together with the Executive team, will focus on delivering a seamless transition.

Bank of Sydney extends its gratitude and very best wishes to Miltos and his family for the future.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Earlwood’s Greek spirit centre stage as ‘Plateia’ Festival secures state funding

The City of Canterbury Bankstown will host the “Love Earlwood” festival thanks to the NSW Government’s Open Streets 2025-28 Program.

Greek Consul General honoured at Hellenic Club farewell event in Sydney

Sydney’s Greek community came together on Thursday for a dignified farewell dinner in honour of Greece’s Consul General, Ioannis Mallikourtis

Field of candidates announced for 2025 Greek Community of Melbourne Board election

Greek Community of Melbourne has officially called elections for a new Board of Directors, with members set to head to the polls on June 29.

Australia Cup 2025: Strong Greek heritage club presence as Final 32 locked in

The cast for the Hahn Australia Cup 2025 Round of 32 has been decided following the completion of the Preliminary Rounds.

Apostolakis and Trimis named on Young Matildas squad for upcoming training camp

CommBank Young Matildas Head Coach Alex Epakis has settled on a 32-player squad for a domestic training camp to be held in Sydney.

You May Also Like

Greek Orthodox Archdiocese of Australia offers 30 scholarships to children of Ukrainian migrants

30 scholarships have been offered to children of Ukrainian migrants to study in the schools of the Greek Orthodox Archdiocese of Australia.

Australian Hellenic Choir’s night of music nostalgia for Greek cinema’s ‘Golden Years’

Sydneysiders were taken on a nostalgic journey through Greek cinema's 'Golden Years' on Sunday thanks to the Australian Hellenic Choir.

Dirt bike rider shocked after being charged over burnout in front of police in Sutherland

Ryan Findanis, 22, was charged with reckless driving after pedestrians saw him ripping through a 10km/h shared zone on Eton St, Sutherland in his Subaru BRZ