Piraeus Bank Romania has established its new leadership team after finalizing the takeover of J.C. Flowers and BERD. The CEO of the bank will be Dominic Bruynseels, and the president will be Nicolae Danila, both announced more than six months ago by J.C. Flowers. Also, Catalin Parvu will be first-vicepresident and member of the Board, Madalina Teodorescu will be vicepresident, Viorel Mischie will be vicepresident and Nikolaos Chaiotis will complete the number of vicepresidents.
“Piraeus Bank Romania is in the right direction. We are supported by two powerful investors, with financial strength and extensive experience: the US private equity firm J.C. Flowers & Co. and the EBRD. With the support of our new shareholders, we are already a stronger player with access to financial resources and expertise. We have a solid business and a very good team. In the short term, we aim to be a more competitive and attractive partner for our customers and for the Romanian market,” said Dominic Bruynseels, chairman and member of the Board of Directors of Piraeus Bank Romania.
He will coordinate the bank’s entire business and take over the control functions of Piraeus Bank Romania directly. Dominic is one of the most experienced bankers in Romania and not only with a 38-year international banking practice – including Standard Bank of South Africa, Romanian Commercial Bank (BCR), Barclays Bank PLC – both in developed markets and the emerging ones.
In Romania, he held the position of general manager of the Romanian Commercial Bank (BCR) during May 2008-April 2012, during which the bank recorded record profits (2008) and excellent operational results (2009 and 2010).
Catalin Parvu, first vice-chairman and member of the Board of Directors, will manage the Corporate, SME, Treasury and Financial Markets, Product Development and Campaign Segments, Fraud Prevention and Capital Market Investments. He is one of the pioneers of the domestic banking market, with a 28 years of experience in the banking sector, whose development has contributed significantly.
He had a major involvement in the expansion of the card segment – debit and credit – and the bancassurance concept in Romania. For 10 years he served as CEO of Piraeus Bank Romania, where he coordinated the significant expansion of the bank’s network of units during the economic growth and successfully managed the impact of the banking system crises in Romania and Greece on the bank.
Catalin held top management positions in banking institutions such as Bank Tiriac and HVB-Tiriac in the banking and retail banking sector: he was Vice President of Tiriac Bank and member of the Board of Directors for 8 years in 2005, he became Vice-Chairman and member of the Board of Directors of Tiriac-HVB Group Bank. Due to his vast experience in banking, Catalin was a member of the Board of Directors of the Romanian Banking Association, working in similar organizations.
Madalina Otilia Teodorescu, vice-president, will continue to oversee the activities of Piraeus Bank Romania’s territorial network, the whole Bank’s Retail Activity – Business Development, Customer Segmentation, Performance Management and Business Analysis, and the Marketing Department.
She joined Piraeus Bank Romania in 2014 and made a significant contribution to the digitization process of the bank, as well as to the efficiency of the network of territorial units. She has almost 23 years of experience in banking, of which for the last 16 years in Top and Middle Management positions at Piraeus Bank Romania and Raiffeisen Bank, with extensive sales expertise.
Viorel Mischie, vice president and member of the Board of Directors, will coordinate the Financial and Data Management Division and Business Intelligence. He joined Piraeus Bank Romania in 2005 as Chief Financial Officer, after having held a number of key positions in the financial division of Commercial Bank Ion Ţiriac. In 2007 he became Assistant General Manager & CFO Piraeus Bank Romania, and in September 2009 he was appointed Deputy General Manager. Viorel Mischie has nearly 21 years of experience in banking and 27 years in the financial and accounting sector.
Nikolaos Chaniotis, vice president, will coordinate the activity of Loan Recovery Divisions – legal entities and individuals – and Repossessed Assets.
In February 2015, Nikolaos joined Piraeus Bank Romania as deputy general manager, taking over the leadership of the Loan Recovery Sector. Nikolaos has nearly 25 years of banking experience in financial markets and has held a number of key responsibilities in institutions such as Tirana Bank, Uniastrum Bank-Russia, Bank of Cyprus, Arab Bank PLC – Athens, Piraeus Bank, Credit Lyonnais Greece.
Nikolaos has extensive experience in managing and restructuring bad loans, corporate banking and credit risk. Nikolaos holds a Master’s degree in Business Administration, Finance at the University of Toledo, Ohio, and is licensed in Economics at Slippery Rock University, Pennsylvania.
After successfully completing his bank assignment, Athanasios Psathas, vice president of Operations and IT, will return to Piraeus Bank Greece at the end of July. His successor will be announced later.
At the same time the composition of the Board of Directors of Piraeus Bank Romania changes. The Board of Directors is headed by Nicolae Danila as president, mandated for the next four years, and includes executive directors Dominic Bruynseels, Catalin Parvu and Viorel Mischie. Chief independent director is Pedro Miguel Weiss, and Andrea Secci and Bogdan Ciobotaru are non-executive directors.
Nicolae Danila is one of the most experienced and respected bankers in Romania, with a career of 42 years in this field.He has held top management positions in banking institutions such as JP Morgan Chase (Romania), Chase Manhattan Bank (Romania) and Romanian Commercial Bank, and was, in turn, Counselor to the Governor of the National Bank of Romania and Strategic Consultant within the BNR.
Danila has attended specialty courses at prestigious institutions in London, Paris, Frankfurt, Lausanne, New York. He is a member of the Association of Economists in Romania, Member of the Academy of Scientists of Romania, Member of the Club of Rome – Romania section, Member of ASPEN Romania, Member of SOREC Romania.