FIMBank has announced the appointment of Michael Davakis as Senior Vice President and Head of Treasury. Mr. Davakis is responsible for the FIMBank Group’s treasury functions, reporting directly to the Chief Executive Officer.

Born in Austria, Mr. Davakis started his banking career in Athens as an analyst for Dresdner Bank in 1997, then moved to Bank of America as treasury economist. He subsequently joined HypoVereinsbank on the credit and project finance side before returning to debt capital markets on the origination side at Dresdner Kleinwort Wasserstein, Frankfurt. In 2004, he joined the treasury of Piraeus Bank SA in Athens, where he successfully helped build the retail banking group’s debt issuance platform across a range of products, senior and subordinated, secured and unsecured. In 2011, he was promoted to head the treasury of Piraeus Bank Serbia in Belgrade. A macroeconomist by training, Mr. Davakis holds degrees from the University of Pennsylvania (BA 1990), the Diplomatic Academy of Vienna (MAIS 1993) and the University of Vienna (Magister 1996).

Commenting on the appointment of Michael Davakis as Senior Vice President and Head of Treasury, FIMBank CEO Murali Subramanian explained that having a senior manager with his background reflects the importance which FIMBank is giving to the treasury side of its business. “We are glad to welcome Michael as a member of our team. We are confident that his extensive experience and expertise in treasury will serve to develop further and boost FIMBank’s service portfolio in this area”, said Subramanian.