Insider Business New KEDIPES CEO to be announced soon

New KEDIPES CEO to be announced soon

The new Chief Executive Officer of state-owned Cyprus Asset Management Company (KEDIPES) will be announced soon, according to inside information by Phileleftheros.

And the next step will be the selected candidate’s approval by the Central Bank of Cyprus which supervises KEDIPES.

Interest in the position of the entity which was set up after the liquidation of the Cooperative Bank of Cyprus has been expressed by candidates both from Cyprus and Greece.

As a matter of fact, the proportion of Cypriot and Greek applicants was around 60% and 40% respectively with the initial list of applicants having a total of 55 on it.

Following an evaluation by Deloitte which carried out the selection process, 12 candidates were short-listed, reduced to six in the final round.

The selected candidate’s portfolio includes pending staff-related issues, KEDIPES’ new organisational structure, renewal of Altamira’s contract terms and a brand new business plan.

The contract’s term of office is four years, to be renewed for another four if all parties concerned are in agreement. And the salary includes a competitive set of fixed and variable earnings depending on qualifications and experience.

According to the vacancy announcement, required qualifications are: BA/BSC and Postgraduate Degree (MA/MSC/MBA) in Finance/Business Management/ Financial Management or other related field and/or professional degree.

In addition, at least 10 years of managerial experience in a relevant field, at least five years of experience in managing non-performing loans or in debt recovery or servicing with a commercial bank, asset management/servicing company or in a non-performing loan management/servicing company, with an in-depth understanding of non-performing corporate lending principles and activities, as well as a very good knowledge of Central Bank of Cyprus legislative and other directives.

At the same time, the candidate should have excellent leadership and administrative skills with a focus on delivering results, business ethics and honesty, very good communication and interpersonal skills, character and professional integrity, computer skills (MS Office) as well as an excellent command of the Greek and English language.

By Theano Theiopoulou

 

Read more:

https://in-cyprus.com/fifth-kedipes-board-member-to-be-appointed-soon/

 

 

 

Top Stories

Racism, suicidal thoughts, tears: What we learned from Meghan and Harry’s interview

What did we learn from the interview between Queen Elizabeth's grandson Prince Harry and Meghan - the Duke and Duchess of Sussex - and U.S. chat...

Police issue 201 fines in 24 hours for breach of covid measures

Police fined 199 citizens and two premises all across Cyprus over the past 24 hours for breach of measures aiming to curb the spread...

Transitioning back into a post-lockdown workplace

Transitioning back into a post-lockdown workplace: what to expect and how to adapt was the theme of a virtual discussion organised by Phonix Leaders...

UN special envoy begins preparatory work in Nicosia on Geneva talks on Cyprus

With April’s UN-brokered informal summit on the Cyprus problem just around the corner, the UN special envoy on the divided island on Monday begins...

Paphos police looking for reckless driver, possibly under the influence

Paphos police are looking for a driver who on Sunday evening first entered the opposite side of the road and then crashed on an...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...