The Hellenic Financial Stability Fund (HFSF) announces that pursuant to Article 80 of Law 4413 of the Ministry of Finance, the Fund’s Law. 3864/2010 (Government Gazette A’ 119) was amended and a procedure for the placement of members of the Executive Committee with full powers and duties, has been introduced for the time needed until the appointment of new members according to the ordinary procedure of the law of the Fund.
Therefore, following a proposal by the General Council to the Minister of Finance
Mr. Christophoros Stratos, Member of the General Council, is appointed CEO and Mr.
Michael Haralabidis, senior HFSF Executive, as Deputy CEO.
Their appointment is in accordance to the agreement of the Euro Working Group and the
non-binding opinion of the Selection Panel. The Minister of Finance’s decision for the
temporal appointment of both positions is published in the Greek Government Gazette (FEK
no. 444) on August 23, 2016.
In particular:
Mr. Christoforos Stratos has more than twenty five (25) years of international banking and
finance experience having held senior executive positions in banking institutions in London,
Paris and Madrid, focusing on credit, structured finance and asset management. He was
appointed Non-Executive Member of the General Council of HFSF in November 2014.
He advises various corporates on finance and business development strategies, and spent
time as Senior Advisor at the Spanish bank Banco Bilbao Vizcaya Argentaria, S.A. (BBVA),
focusing on the restructuring of the Wholesale Lending business development strategy and
loan portfolio.
Previously he was a Partner of Santander Infrastructure Capital Management Ltd, a private
equity fund investing in infrastructure assets in Europe and Latin America, and the Executive
Vice President of Aguas Nuevas, a private water utility in Chile.
He spent a good portion of his earlier career, from 1989 to 2007, as a corporate and
investment banker with Banque Indosuez/Calyon/Credit Agricole in a number of senior
management positions as Managing Director in the structured finance division. He was also
member of credit and investment committees, Global Head of Infrastructure Finance where
he developed business plans and risk strategies for new products, and led numerous largescale syndicated loan transactions and loan restructurings.
Mr. Stratos holds a Master of Business Administration (MBA) from INSEAD in France, and a
Bachelor of Science (B.Sc.) in Industrial Engineering from Lehigh University, Pennsylvania,
USA.
Mr. Michael Haralabidis joined the Hellenic Financial Stability Fund (HFSF) in June 2011 as
Chief Risk Officer, a position he holds to date. His main responsibilities include risk and
capital management, Non Performing Exposures framework monitoring and corporate
governance issues.
Previously, he was the Group Chief Risk Officer of Piraeus Bank Group (2008-2011), serving
also as Chairman of the Audit Committee of Piraeus Bank Ukraine. He has worked for several
years in Group Risk Management of National Bank of Greece as Senior Advisor (1997-2003)
and Deputy Director (2003-2008).
In the period 2000-2005 he held significant positions in European Union’s financial
institutions in Luxembourg. He served as a member and Chairman of the European
Investment Bank’s Audit Committee and as a member and Chairman of the European
Investment Fund’s Audit Board.
He started his banking career at Ionian & Popular Bank of Greece in 1993 and worked in the
Economic Research Division of the Bank of Greece (the Central Bank) from 1995 to 1997.
Since 2009, he is the Regional Director for Greece of the Professional Risk Managers’
International Association (PRMIA).
Mr. Haralabidis holds a Degree in Economics from the University of Athens and an M.Sc. in
International Economics, Banking and Finance from the University of Wales/Cardiff Business
School, U.K.