The president has appointed Constantinos Herodotou governor of the central bank of Cyprus, it was announced on Thursday.
Herodotou has been serving as an executive director and member of the supervisor’s board since March 2017.
In June 2014 he had been appointed commissioner for privatisations, an office he served until March 2017.
He will replace Chrystalla Georghadji who is set to step down in April.
Herodotou graduated from University College London (UCL) in 1996 with a Bachelor of Science in Economics.
In 2001, he completed a Master in Business Administration (MBA) with Distinction at London Business School.
He joined UBS Investment Bank in 2001 in London, where he worked for almost all of his investment banking career and rose through the ranks to head concurrently two sectors for the investment bank.
He was Head of Shipping for Europe, Middle East and Africa and simultaneously Headed Infrastructure and Concessions/ Project Finance for Central and Eastern Europe.
Herodotou re-launched both sectors and developed them into multi-million annual revenue businesses.
He has advised governments as well as private sector conglomerates and companies on major financial transactions and strategy, totalling an approximate value of over €50 billion.