The Cypriot
government decided on Wednesday to appoint Panikkos Vakkou as the new
Vice-Chairman of the Cyprus Securities and Exchange Commission (CySEC). Vakkou
joined the seven-member executive board of the market watchdog earlier this year.
The Council
of Ministers also appointed a new member to the CySEC, Neophytos
Lambertidis.
CySEC, the Cypriot financial market regulator, is supervised by a seven-member Board, including a Chairman and a Vice-Chairman. George Tehocharides has
been serving as the head since September 2021.
Panikkos Vakkou, new CySEC Vice-Chariman
Until now, Giorgos Karatzias held the position of Vice-Chairman. However, he was appointed an Executive Advisor to the Board of Directors of the Central Bank of
Cyprus. Due to the resulting vacancy, Vakkou, who officially joined CySEC on
January 19, 2024, is replacing him.
In addition
to serving on the CySEC board, Vakkou is also the Director of Operations and
Credit Risk Manager at Haogen Technologies and a CFA charterholder. In the
past, he was the director of RiskMatrix and a regional partner at Moody’s
Analytics for six years.
Earlier in
his career, he gained experience in the financial markets within the banking
sector. He worked as a Restructuring Officer at the Cooperative Central Bank for two years.
Lambertides,
a Professor in Finance in the Department of Commerce, Finance and Shipping at
the Cyprus University of Technology, has been appointed to complete the
seven-member Board following Karatzias’ departure to the Central Bank of Cyprus. Since
the beginning of his career, Lambertides has been associated with the academic
community.
The Cypriot
government decided on Wednesday to appoint Panikkos Vakkou as the new
Vice-Chairman of the Cyprus Securities and Exchange Commission (CySEC). Vakkou
joined the seven-member executive board of the market watchdog earlier this year.
The Council
of Ministers also appointed a new member to the CySEC, Neophytos
Lambertidis.
CySEC, the Cypriot financial market regulator, is supervised by a seven-member Board, including a Chairman and a Vice-Chairman. George Tehocharides has
been serving as the head since September 2021.
Panikkos Vakkou, new CySEC Vice-Chariman
Until now, Giorgos Karatzias held the position of Vice-Chairman. However, he was appointed an Executive Advisor to the Board of Directors of the Central Bank of
Cyprus. Due to the resulting vacancy, Vakkou, who officially joined CySEC on
January 19, 2024, is replacing him.
In addition
to serving on the CySEC board, Vakkou is also the Director of Operations and
Credit Risk Manager at Haogen Technologies and a CFA charterholder. In the
past, he was the director of RiskMatrix and a regional partner at Moody’s
Analytics for six years.
Earlier in
his career, he gained experience in the financial markets within the banking
sector. He worked as a Restructuring Officer at the Cooperative Central Bank for two years.
Lambertides,
a Professor in Finance in the Department of Commerce, Finance and Shipping at
the Cyprus University of Technology, has been appointed to complete the
seven-member Board following Karatzias’ departure to the Central Bank of Cyprus. Since
the beginning of his career, Lambertides has been associated with the academic
community.
