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PR: Announcement of the Board of Directors of HRADF

PR: Announcement of the Board of Directors of HRADF

The Hellenic Corporation of Assets and Participations S.A. (HCAP) announces the formation into body of the Board of Directors of the Hellenic Republic Asset Development Fund S.A. (HRADF) with force from 6th November 2017.

The Board of Directors of the Hellenic Corporation of Assets and Participations S.A., being the sole shareholder of HRADF, decided the following composition of the Board of Directors of HRADF:

1. Aris Xenofos, Chairman of the Board of Directors

2. Riccardo Lambiris, Chief Executive Officer and Member of the Board of Directors

3. Lila Tsitsogiannopoulou, Non Executive Member of the Board of Directors

4. Aggelos Vlachos, Non Executive Member of the Board of Directors

5. George Marinos, Non Executive Member of the Board of Directors

The Board of Directors of HCAP welcomes the new team of the Board of Directors of HRADF and wishes them every success, within the scope of their duties, as well as in the broader role of the Fund in the recovery of the Greek economy with the attraction of investments and the implementation of the Asset Development Plan which is the pillar of the strategy of the HRADF.

The Board of Directors would like to thank Mrs. Lila Tsitsogiannopoulou for her services as Chairman during the last 6 months and for her commitment to the objectives of the HRADF.

The term of service of all the members of the Board of Directors is up to 1st July 2020.

Appendix A’ with the short CVs of the members is attached hereunder.

APPENDIX Α’

1. Aris Xenofos, Chairman of the Board of Directors

He was born in 1963. He has professional experience of many years in the financial sector and fund management. He served as Deputy General Manager at Alpha Asset MFMC (Greece) and CEO at Eurobank Asset MFMC (Greece). Internationally, he served as Chairman at Eurobank FMC SA in Luxembourg and Chairman at EFG Eurobank MFMC SAI SA in Romania. In 2015 he took over the position of the CEO of HFSF and successfully concluded the 3rd recapitalization of the banking sector. He has also served as member in a number of executive committees of Eurobank, Chairman of the Hellenic Fund and Asset Management Association (HFAMA,) and member of the BoD of Athens Stock Exchange. Mr. Xenofos holds a Bachelor of Science (B.Sc.) in Economics, with Honors, from Athens University of Economics and a Master of Science (M.Sc.) in Economics from London School of Economics and Political Science.

2. Riccardo Lambiris, Chief Executive Officer and Member of the Board of Directors

He was born in 1975. He studied Electronic Engineering at the University of Sussex and has obtained an MSc. postgraduate degree in Project Management from the University of Birmingham. He has also obtained an MSc. in International Trade, Transport and Finance from City University in the United Kingdom. He has worked as engineer at Rockwell Golde and has a long experience in business and investment banking covering both the markets of Greece and of South-Eastern Europe, in organizations such as EFG Telesis Finance and HSBC Bank plc. From 2006, among others, he served as the head of the department of Mergers & Acquisitions of HSBC Bank plc for Greece and Cyprus, with emphasis in privatizations.

3. Lila Tsitsogiannopoulou, Non Executive Member of the Board of Directors

She was born in 1976. She has more than 20 years of experience in the investment sector and she is specialized in real estate as well as in real estate management and assessment. She is a Chartered Surveyor (MRICS), certified by the Ministry of Finance, and an Examiner for professional competence. She holds an MSc in Property Investment and a BSc in Property Valuation & Finance of the City University Business School, while holding a Diploma in Micro-Economics (London School of Economics). She has served as a Senior Executive, responsible for property valuation and property development in multinational companies, in both Greece and abroad (England, Malta, Cyprus), with her main emphasis put on complex development projects. Since 2011, as a Cushman & Wakefield Partner, she has worked with several Institutions and Groups. In April 2015 she was appointed Executive Director and executive member of the Board of Directors of HRADF whilst in May 2017 she was appointed as Chair of the BoD of HRADF.

4. Aggelos Vlachos, Non Executive Member of the Board of Directors

He was born in 1970. He is a graduate of the Faculty of History and Archaeology (School of Philosophy, University of Athens), holds a Master’s Degree in Contemporary European History from the University of Sussex and a Ph.D. from the University of Athens. After completing his academic research, he gained experience in the international tourism market as an executive. He also worked in the Ministry of Tourism as a consultant in matters of public tourism policy and as a manager in the NTO (China office). His professional and research activities are focused on tourism strategy and development issues and has lectured in Panteion University.

5. George Marinos, Non Executive Member of the Board of Directors

He was born in 1956. He has extensive experience of over 33 years in Banking and specifically in corporate financing. He held the position of General Manager of Eurobank’s Corporate Banking from 2005 to 2014. He also chaired the BoDs of the Leasing & Factors subsidiaries and was member of the BoDs of Eurobank Equities, Bancpost Romania, Eurobank TEKFEN SA and of other subsidiaries. Also he was a voting member in the Bank’s Executive, Central Credit & Regional Credit Committees. Currently, he is a member of the BoDs of companies in the private sector. He holds a BA from the University of Nottingham (1980) and an MBA from the University of Warwick (1982).

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