Saturday, April 28, 2012

Reuters: Financial Services and Real Estate: Academic appointed to head Cyprus C.Bank

Reuters: Financial Services and Real Estate
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Academic appointed to head Cyprus C.Bank
Apr 28th 2012, 09:31

NICOSIA, April 28 | Sat Apr 28, 2012 5:31am EDT

NICOSIA, April 28 (Reuters) - Cyprus on Saturday appointed academic Panicos Demetriades as its central bank governor and European Central Bank Governing Council member, succeeding Athanasios Orphanides.

Demetriades, a professor of financial economics at the University of Leicester in Britain, will oversee the recapitalisation efforts of Cyprus's two largest banks, which were heavily exposed to debt-crippled Greece.

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