Ioannis Matsis Is The New Chairman of Invest Cyprus

25 October 2021
Ioannis Matsis Is The New Chairman of Invest Cyprus
Former Hellenic Bank CEO Ioannis Matsis has been named as the new Chairman of Invest Cyprus, the country’s investment agency.

Matsis replaces Michalis P. Michael, who was recently made Chairman of the Board of Directors of the Cyprus Broadcasting Corporation (CyBC).

Matsis was born in 1969. He graduated from the English School in Nicosia and studied Chemical Engineering (B.A., M.Eng.) at the University of Cambridge in the United Kingdom.

Between 2008 and April 2017, Matsis was a Partner at Point Nine Limited, which he co-founded in 2008. Point Nine Ltd provides middle and back office outsourcing services and financial software to financial institutions in Europe and United States of America.

Between 1994 and 2008, Matsis worked in the City of London. He was a Managing Director, Global Head of Structured Trading of Mizuho International plc from May 2003 until March 2008, where he built and managed the Structuring and Trading team for credit, interest rate and foreign derivative products. Between June 1997 and May 2003, Matsis was Managing Director, Global Head of Credit Derivative Group at ING Barings. Between September 1996 and June 1997, he was a Vice-President, Structured Products Group at Chase Manhattan. He had started his career in January 1994 at ING Barings.

Matsis was appointed as a Member of the Board of Directors of Hellenic Bank on 24 December 2013. He was the Chairman of the Risk Management Committee and he was also a Member of the Nominations / Internal Governance Committee of the Bank’s Board of Directors.

He was appointed Executive Member of the Board of Directors of Hellenic Bank and Chief Executive Officer of the Group on 24 April 2017, remaining in the position until August 2020.

Matsis is currently President of the Board of Directors of the Cyprus Institute of Neurology & Genetics, while he has in the past been Chairman (and before that member) of the Board of Directors of the Association of Cyprus Banks and a member of the European Banking Federation. Matsis is also a member of the Board of Directors of APS Cyprus Ltd.

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