The evaluation process for candidates shortlisted for the position of General Director (CEO) of the Cyprus Bankers Association (CBA) was completed last Thursday.

The role will become vacant at the end of the year with the expiration of the contract of Michalis Kamas, the current General Director, who will also begin pre-retirement leave.

Mr. Kamas has served the Association for 32 years, including the past 19 years as General Director.

A three-member evaluation committee, established by the CBA Board of Directors, oversaw the selection process. It is composed of:

• Aristides Vourakis (Chairman)

• Haris Pouangare (Member)

• Haris Chambakis (Member)

According to Brief sources, the committee’s decision on the most suitable candidate is expected to be announced by the end of September.

The delay is linked to the professional transition of Aristides Vourakis, who until now has served as CEO of AstroBank. By mid-October, he is set to take on the role of CEO of Aegean Baltic Bank, based in Athens.

AstroBank’s operations were recently acquired by Alpha Bank, pending final regulatory approvals. Mr. Vourakis has been at the helm of AstroBank for the past five years.