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Clerides’ appointment as co-ops chief confirmed

Marios Clerides will assume his duties by mid January

Dr Marios Clerides’ appointment as General Manager of the Cooperative Central Bank has been confirmed by the Central Bank of Cyprus, it was announced yesterday.

In a statement, the Central Bank said: “Dr Clerides will officially assume the duties of General Manager in mid-January 2014.”

The Commission, management and personnel of the Coop Central Bank wish Clerides “every success in his work”, and pledge their “full-hearted support.”

Clerides was nominated to head the Coop Central Bank following a meeting of its board of directors on December 18. By law, for the nomination to stand it must be approved by the Central Bank of Cyprus.

Born on March 7, 1953, Clerides received his Economics degree from the London School of Economics and Political Science (LSE).

He also received his Ph.D. in Labour Economics from the LSE in 1982.

Upon completion of his studies, Clerides was employed by the Hellenic Bank Group to head its Programming and Financial Studies department.

He went on to variously head the Marketing, Credit cards, Private sector investment, International transactions and Treasury departments.

From 2001 to 2006 Clerides headed the Cyprus Securities and Exchange Commission (CySEC).

He was subsequently rehired by Hellenic Bank to head its Risk Management division. He also took over the Group Strategic Development, Economic Studies, Corporate Governance and Compliance divisions.

In addition to his other duties, Clerides teaches at the University of Cyprus as guest lecturer.

In April 2013, he was appointed as member of the National Economy Council by President Anastasiades.

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