Executive Board

The Executive Board is a team of three (3) members. Two (2) of them, including the Chief Executive Officer, are professionals with experience in international banking, or in matters relating to the resolution of credit institutions.  One of the members is nominated by the Bank of Greece. Furthermore, one of the three executive members is assigned the task of strengthening the role of the HFSF in facilitating the liquidation of Non-Performing Loans of the credit institutions in which the Fund holds an interest.

These members are selected by a Selection Panel (Article 4A of Law 3864/2010) following a public call for expressions of interest and appointed by a decision of the Minister of Finance. Their appointment is for three (3) years and may be renewed, but may not extend beyond the duration of the Fund, i.e. until 31 December 2022.  Each vacancy on the Executive Board is to be filled within sixty 60 days, and may be extended for a further 30 days, if necessary, by appointing a new member. All appointments require the prior approval of the Euro Working Group.

The European Commission, the European Central Bank and the European Stability Mechanism appoint an Observer and an Alternate Observer to the Executive Board meetings.