The Hellenic Financial Stability Fund (HFSF) announces that, Messer’s. Elias
Karakitsos and Jón Sigurgeirsson are the two new Non-Executive members of the
General Council of the Fund. Their appointment was decided by the Ministry of
Finance according to the procedure of the law 3864/10, with effect from June 18th, 2015 to June 30th, 2017. The relevant Greek Government Gazette (FEK no. 435) was posted on June 18th, 2015.
Mr. Elias Karakitsos is Chairman of Global Economic Research, which provides
economic and financial research on the economies and financial markets of the US,
Europe and Japan to financial institutions and shipping companies. He is also a
Partner and Strategist of Twintop Consultants and an Associate Member of the
Centre of Economic and Public Policy (CEPP), Department of Land Economy,
University of Cambridge.
He is an academic with nearly 25-years of service at Imperial College, University of London and an author of six books, many papers and research reports on economies and financial markets. He has acted as economic and investment advisor to many financial institutions and as an economic advisor to the UK (1980-87) and the US (1987) governments on economic policy and as a consultant to DG II of the European Commission (1992-95) on monetary union, economic convergence and the issues of a multi-speed Europe.
Professor Karakitsos holds a Bachelor of Science (B.Sc.) in Economics from the
Athens University of Economics & Business, and a Master of Science (M.Sc.) and a
Doctorate of Philosophy (Ph.D.) in Economics from the University of Surrey, England.
Mr. Jón Sigurgeirsson is Director of the General Secretariat and International
Relations at the Central Bank of Iceland and Chairman of the Central Bank Asset
Holding Company.
Prior to assuming his current responsibilities at the Central Bank of Iceland, he
occupied, for more than fifteen years, several managerial positions as Economist, Deputy Director and Director of the International Department in the fields of debt
management, foreign exchange reserves management, external debt of the Republic
of Iceland and International Relations. Since January 2015 Mr. Sigurgeirsson is also a
member on the Task Force for Lifting Capital Controls in Iceland.
During his career in the financial sector, he has been Assistant to the Executive
Director from 2000 to 2002 and Alternate Executive Director, Nordic-Baltic Chair
from 2005 to 2008, at the International Monetary Fund.
Mr. Sigurgeirsson holds a Cand Oecon Degree from the University of Iceland, Faculty
of Business Administration and Economics.