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The National Bank of Greece has a new CEO at last. He is Leonidas Fragkiadakis, outgoing General Manager of Treasury and Global Markets. The Bank had remained without a CEO after George Michelis who was proposed by the government did not pass the suitability test of the European Central Bank.
    Leonidas Fragkiadakis holds a bachelor's degree in economics from Cambridge University and a master's degree from the prestigious Wharton School of the University of Pennsylvania. He has worked in the system of the National Bank of Greece since 1996. He was appointed General Manager of Treasury and Global Markets in 2009; he is a board member of the stock exchange company of the National Bank of Greece and president of the Greek branch of Forex Club/ACI. He had previously worked at the Credit Suisse First Boston branch in New York.
    His appointment as CEO of the largest commercial bank in Greece is considered by the financial circles as a significant advancement in his career.
    The European Central Bank has already approved former minister from the team of George Papandreou Louka Katseli as President of the Board of Directors of the National Bank of Greece.