Fimbank has appointed Howard Gaunt as group chief operating officer and Michael Davakis as senior vice president and head of treasury.
Mr Gaunt’s banking career spans 31 years in senior national and international assignments with Wells Fargo and Company, Citibank, Citicorp, Citigroup and Samba Financial Group. Prior to joining Fimbank, he spearheaded Wholesale Banking Group activities in the Abu Dhabi, Al Ain and GCC regions at Abu Dhabi Commercial Bank, the UAE’s third largest bank as measured by assets.
CEO Murali Subramanian explained that the addition of a senior executive of Gaunt’s stature would prove invaluable in the bank’s efforts to reach sustainable profitability and grow its core operating businesses.
Born in Austria, Mr Davakis started his banking career in Athens as an analyst for Dresdner Bank in 1997, before moving to Bank of America as treasury economist.
He subsequently joined HypoVereinsbank on the credit and project finance side before returning to debt capital markets at Dresdner Kleinwort Wasserstein, Frankfurt.
In 2004, he joined the treasury of Piraeus Bank SA in Athens, promoted to head the treasury of Piraeus Bank Serbia in Belgrade seven years later.