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.




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


Latest News

‘Memory Speaks’: Greek Australian Cultural League’s poetry event focuses on Cyprus

The Greek Australian Cultural League organised a poetry afternoon which took place at Steps Gallery in Carlton.

Mark Nicolaidis: Greek Australian beach volleyball sensation heads to Paris Olympics

Mark Nicolaidis never dreamed he’d be representing Australia at the 2024 Paris Olympics. This is his story.

AHEPA Australia holds insightful lecture on Zagora Archaeological Site

AHEPA Australia has organised lectures in collaboration with the Australian Archaeological Institute of Athens, University of Sydney.

CrowdStrike’s Australian president Michael Sentonas apologises for global IT outage

Michael Sentonas, the Australian President of cybersecurity firm CrowdStrike, has apologised for the global IT outage.

Port Pirie Greek community celebrates centenary

More than 350 people attended a ball to celebrate the centenary of the Greek Community of Port Pirie in regional South Australia.

You May Also Like

Themis Chryssidis to reinvent his acclaimed Adelaide restaurant

Themis Chryssidis is transforming his acclaimed city restaurant, eleven, with a new menu and more affordable prices.

‘We can go a step further’: Teresa Polias hopes to lead Sydney Olympic FC to NPL-W title

"We have a squad full of great players and great people too so I think the experience we got from the past two seasons will only help us this season," Teresa Polias said.

Greek Pro wins 2019 World Series of Poker Europe

Greek player, 32-year-old Alexandros Kolonias, made a name for himself by winning the 2019 World Series of Poker Europe (WSOPE) Main Event. The 32-year-old beat...