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

Aegean Airlines to launch first direct European flights to Baghdad

Aegean Airlines will launch the first direct flights from Europe to Baghdad on 16 December, marking a new chapter in Greece–Iraq relations.

Greece to launch voluntary conscription for women in 2026

Greece will introduce voluntary conscription for women in 2026, with the creation of a pioneering unit of 100 to 150 recruits.

Sydney Olympic and South Melbourne set for derby showdown at Jubilee Stadium

Sydney Olympic and South Melbourne reignite their rivalry at Netstrata Jubilee Stadium for another chapter in the Australian Championship.

Sydney Olympic AGM: Hanlin tackles logo backlash, funding offers and a new direction

Sydney Olympic FC held its AGM on Tuesday, where President Damon Hanlin presented a wide-ranging update on the club’s future direction.

A legacy continued: Celebrating 50 years of the Navarino Society of SA

The 50th anniversary of the Navarino (Pylion) Society of South Australia was marked with a night of pride, nostalgia, and optimism.

You May Also Like

Paraskevi Kalogirou wins bronze medal at World Championships 2023

The Greek taekwondo star, Paraskevi Kalogirou, won third place in the Taekwondo Cadet Championship 2023.

Former US Ambassador to Greece claims US would turn back on Greece in event of incident with Turkey

Experienced US diplomat and former US ambassador to Greece Nicholas Burns shook the water saying the US would turn its back on Greece in...

AEK, Panathinaikos and PAOK enjoy night of glory in Europe

AEK, Panathinaikos and PAOK enjoyed a night of glory in Europe as the group stages in European competitions kicked off.