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EFG International appoints chief executive for Luxembourg

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EFG International’s business in Luxembourg has appointed Konstantinos Karoumpis as chief executive officer, with effect from mid-January.

The appointment is subject to regulatory approval.
 
Karoumpis will replace François-Régis Montazel, who is leaving at the end of the year to establish his own business. In this capacity, François-Régis Montazel will continue to work with EFG Bank (Luxembourg) SA and will remain on its board.
 
Karoumpis was formerly at Credit Suisse in Luxembourg, which he joined in 2007. Latterly he was head of private banking & wealth management, having previously been responsible for business development and support. Prior to this, he undertook corporate banking roles for BNP Paribas and Bank of Cyprus in Athens and Cyprus respectively.
 
In addition to his responsibilities at EFG Bank (Luxembourg), Karoumpis will help to oversee the development of EFG International’s planned new offices in Athens and Cyprus, which were announced at the time of the half year results.
 
“This is an exciting challenge for me,” says Karoumpis. “EFG International is a specialist private bank and a dynamic one, and this has been much in evidence in the development of its Luxembourg business. François-Régis Montazel deserves every credit, and I look forward to building on the strong foundation that he has put in place. I also look forward to helping EFG develop its new offices in Athens and Cyprus.” 

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