BOARD OF DIRECTORS & COMMITTEES

Meet the members

Board of Directors

The primary purpose of the Board of Directors is to ensure the smooth and effective operation of Praxia bank, thus contributing to the general economy. It establishes the Bank’s purpose, values and strategy and is accountable to the Shareholder, the regulatory and other authorities.

Corrado Passera

Independent Non-Executive Member, Chairman

Corrado Passera
Corrado Passera
Independent Non-Executive Member, Chairman

Corrado Passera is the CEO of Bank illimity, listed on the Borsa Italiana MTA market as of March 5th 2019.  

Corrado began his career at McKinsey. Inspired by innovation and challenge, his career path took him from Olivetti to Poste Italiane S.p.A., Intesa Sanpaolo and the Italian Government. At Olivetti, he was challenged by the shift from traditional IT to ICT, which led to two extremely successful start-ups: Omnitel and Infostrada. At Poste Italiane, between 1998 and 2002, he succeeded in transforming an inefficient public entity into a modern postal service provider, and one of the most successful postal banks worldwide. The creation of Poste Vita, which then gained national leadership, dates to this time.

In the banking sector – where he served first as CEO of Ambroveneto, then of Banca Intesa and finally of Intesa Sanpaolo – he helped build one of the most solid European banks. Among the startup worth mentioning at the time, there was Banca Prossima, a bank dedicated to social entrepreneurship and impactful financing that remains one of the most effective models of its kind worldwide. As the Minister of Economic Development, Corrado introduced start-up-friendly legislation, revolutionising the incentive to innovate.

In 2018, he launched a bank start-up via Spaxs, the largest special-purpose acquisition company (SPAC) in Europe, with deposits of €600 million. The objective was to create a new “paradigm bank” specializing in SMEs that face challenges in accessing loans, as well as digital and mobile banking services for SMEs and families. Corrado holds an MBA from the Wharton School at the University of Pennsylvania, Philadelphia and a degree in Business Administration from Bocconi University, Milan.

Anastasia Sakellariou

Chief Executive Officer

Anastasia Sakellariou
Anastasia Sakellariou
Chief Executive Officer

Anastasia Sakellariou is the CEO of Praxia bank. Transforming an inspiration into reality, she has been the driving force behind the creation of Greece’s first digital bank. Anastasia identified early on the lack of available funding for small and medium enterprises in the local marketplace and took the initiative to address this need in 2016. She initially served as investment advisor to Atlas Merchant Capital in their acquisition of Credicom (a full banking license in Greece) and subsequently undertook the mission to build and manage Praxia. Under Anastasia's leadership, Praxia is empowering change in the local market place through innovation to offer a seamless banking experience.

Anastasia is an accomplished international financier combining private and public sector banking expertise. She started her career in London in the mid-90s in investment banking holding positions in bulge bracket firms including Deutsche Bank, Salomon Brothers and Credit Suisse specializing in credit and credit restructuring as well as leverage finance, asset liability management, underwriting and risk management. Upon her return in Greece in 2009, she first held an executive position as senior advisor to the Chairman of Piraeus Bank and later as Chief Risk Officer of Hellenic Postbank.

In February 2013 she was appointed CEO of the Hellenic Financial Stability Fund (HFSF), the recapitalization vehicle for the Greek banks, with the capacity to deploy €50bn of funds, provided through the EU-IMF financial support mechanism. During her tenure at this critical public sector post, she played an instrumental role in the reshaping (resolution of 12 non-core banks and exit of foreign players), restructuring (deleveraging, divestments and cost cutting of the systemic banks) and the stabilization of the Greek banking sector. She left in late 2015 after having successfully completed two rounds of recapitalization of the Greek systemic banks and having concluded their required restructuring plans in line with EU state aid rules.

Bob Diamond

Non-executive Member

Bob Diamond
Bob Diamond
Non-executive Member

Bob Diamond is the Founding Partner and Chief Executive Officer of Atlas Merchant Capital Fund LP, Praxia bank’s sole shareholder, and a non-executive member of the Board of Directors of Praxia bank. Until 2012, Bob was the Chief Executive Officer of Barclays, having previously held the position of President of Barclays and was responsible for Barclays Capital and Barclays Global Investors (“BGI”). He became an executive director of Barclays in 2005 and was a member of the Barclays Executive Committee since 1997.  

Prior to Barclays, Bob held senior executive positions at Credit Suisse First Boston and Morgan Stanley in the United States, Europe and Asia. He worked at Credit Suisse First Boston from 1992 to 1996, where his roles included Vice Chairman and Head of Global Fixed Income and Foreign Exchange in New York, as well as Chairman, President and CEO of Credit Suisse First Boston Pacific. Bob worked at Morgan Stanley from 1979 to 1992, including as the Head of European and Asian Fixed Income Trading.  

Concurrently with his non-executive membership of Praxia bank’s Board of Directors, he is also a member of the Board of Directors of South Street Securities Holdings, Inc., Banca illimity and Atlas Mara Limited. He is also a Trustee of The American Foundation of the Imperial War Museum Inc., a Life Member of The Council on Foreign Relations and is involved in several non-profit initiatives, including being a Director of the Diamond Foundation. He is also Life Trustee and former Chair of the Colby College Board of Trustees.  

A native of Concord, Massachusetts, Bob holds a Bachelor of Arts degree in Economics from Colby College in Maine and an MBA from the University of Connecticut. He was awarded Doctor of Humane Letters from the University of Connecticut and Doctor of Laws from Colby College. 

David Schamis

Non-executive Member

David Schamis
David Schamis
Non-executive Member

David Schamis is Founding Partner and Chief Investment Officer and is based in New York. Previously, David worked at J.C. Flowers from 2000 to January 2014, most recently as a Managing Director and member of the management committee. David joined J.C. Flowers at its inception and has had significant experience investing in North America, South America, Europe and Asia. His day-to-day responsibilities included transaction and sourcing execution, portfolio company monitoring and firm operations. Prior to J.C. Flowers, David worked in the financial institutions investment banking group at Salomon Smith Barney LLC from 1995 to 2000.  

David Schamis is currently a member of the Board of Directors of South Street Securities Holdings, Inc., Praxia bank, Panmure Gordon, Kepler Cheuvreux, Talcott Resolution and Ascensus. He was previously Chairman of the Board of Directors of Fox-Pitt Kelton and Ascensus Retirement Services. He also served on the Board of Directors for Somerset Reinsurance, Affirmative Insurance Holdings, Inc., Symetra Financial Corporation and MF Global Ltd. In 2007 and 2008, Investment Dealers’ Digest magazine named Mr. Schamis to its “40 Under 40” list.  

A native of Plainview, New York, David earned a Bachelor of Arts degree in Economics from Yale University. He served as Co-Chairman of the Class of 1995’s Reunion Gift Committees in 2005, 2010 and 2015. David is currently a member of the Executive Committee of the board of Yale College Alumni Fund and the Yale Development Council. He is also a member of the board of directors of the Portledge School, a private school in Locust Valley, NY and the Luena Foundation, a non-profit in the developing world. David remains active in his community and has coached football and lacrosse at various levels. 

George Koutsos

Deputy CEO

George Koutsos
George Koutsos
Deputy CEO

George Koutsos brings significant international experience in financial services having worked in various capacities spanning action investment banking, strategy consulting, private equity and general management. He was one of the first executives to join Praxia in early 2018, with a vision to build Greece’s first digital bank. His original role was Chief Financial & Operating Officer and was later promoted to Deputy CEO. He is also an Executive Member of the Board of Directors.

He is a graduate in Chemical Engineering from the National Technical University of Athens (NTUA) and he holds an MSc in Advanced Chemical Engineering and an MBA from Imperial College, London. He started his career as a Strategy Consultant at the Boston Consulting Group. He then moved to National Bank of Greece, where he spent 8 years within the Investment Banking and Private Equity/Venture Capital business units, originally in London (NBG International) and since 2009 in Athens, ultimately heading Mergers, Acquisitions, Restructurings and Equity Capital Markets. 

George was subsequently appointed Deputy CEO of the Hellenic Financial Stability Fund (HFSF), the recapitalization vehicle for the Greek banks, with a firepower of c. €50bn, provided through the EU-IMF financial support mechanism to Greece. During his tenure, George was deeply involved in the reshaping, restructuring and stabilization of the Greek banking sector (3 rounds of recapitalization, resolution of 12 non-core banks, deleveraging / divestments of the pillar banks in line with their approved restructuring plans, facilitation of NPL resolution, development of an active NPL market etc.). On the corporate governance front, he was actively providing guidance to the HFSF’s representatives at the BoDs and respective committees of the 4 systemic banks. His last role prior to Praxia bank was Partner in Deloitte Central Mediterranean, advising banks and corporates on strategy, finance and operations while being a key member of the Financial Services team that secured key mandates ranging from audit and IFRS 9 advisory to divestment strategy and NPL portfolio transactions.

Timοthy Kacani

Non-executive Member

Timοthy Kacani
Timοthy Kacani
Non-executive Member

Timothy Kacani is a Managing Director, Chief Operating Officer, Member of Investment Committee of Atlas Merchant Capital having joined in June 2014 and is based in New York. Timothy oversees the Atlas' finance, legal and operations functions. Previously, Timothy was the CFO of Lightyear Capital, having joined in April 2001. 

Prior to joining Lightyear, Timothy worked at JP Morgan Partners as a Vice President of Investment Partnerships, Tax and Distributions from 1997 to 2001.  Prior to JP Morgan, Timothy worked at Brother International Corporation as a Manager for financial reporting from 1996 to 1997. 

Timothy began his career at KPMG, where he worked from 1987 to 1996.  While at KPMG, he spent six years in a variety of audit positions and an additional three years in the executive office overseeing the financial reporting for the consolidated U.S. division of KPMG.  Timothy is currently a member of the Board of Directors of Praxia bank and Panmure Gordon.  He is also a member of the Board of Trustees at the University of Scranton.  A native of Metuchen, New Jersey, Timothy is a Certified Public Accountant (inactive) and holds a Bachelor of Science degree in Accounting from the University of Scranton.

Sally Bott

Non-executive Member

Sally Bott
Sally Bott
Non-executive Member

Sally Bott is an Operating Partner at Atlas and is based in both New York and London. She is an experienced Human Resources professional with more than 30 years of HR experience. Prior to joining Atlas, Sally was the Group HR Director for Barclays from 2011 to 2012. From 2005 to 2011, she served as the Global HR Director at BP Plc. From 2000 to 2005 Sally was a Managing Director at Marsh & McLennan Companies, a global professional services firm that provides advice and solutions in strategy, risk and human capital, and Head of Global HR for Marsh Inc. Prior to that, she worked at Barclays from 1994 to 2000; first as the HR Director for Barclays de Zoete Wedd and then Group HR Director for Barclays. 

Sally began her career in 1970 at Citibank in their Economics Department and also held positions in the Finance function and Leveraged Finance business.  While at Citi, Sally had HR experience across a range of markets, including the United States, Europe, Latin America, Asia, and other emerging markets.  Sally began working in HR in 1978 and worked as an HR Director in most of the Wholesale Bank and Investment Banking business during the next 15 years. 

From 2008 to 2011, Sally served on the Board of Directors of UBS AG and chaired the Human Resources and Compensation Committee.   

Sally holds a Bachelor of Arts in Economics from Manhattanville College and is currently a Board Member for the Carter Burden Center for the Aging in New York City. 

Michael Katounas

Independent Non-executive Member

Michael Katounas
Michael Katounas
Independent Non-executive Member

Michael Katounas is currently the Deputy CEO of QInvest LLC, one of the leading Middle Eastern investment groups based in Qatar. He has more than 20 years of international experience having worked in London, Dubai, Doha, Amsterdam and Athens.

Prior to joining QInvest, Michael held positions at Credit Suisse, ABN Amro, Procter & Gamble and Shell Oil with experience in debt and equity principal investments as well as M&A, corporate finance and restructuring transactions. He has completed transactions with a total value of more than US$50bn throughout his career. He currently holds a number of Board roles including on the Board of Directors of Panmure Gordon PLC, Ellaktor SA and OneOcean Port Vale. He also serves on the Board of Governors of Doha College.

Michael graduated with a Master of Science in International Finance from the London School of Economics, is a Chartered Financial Analyst (CFA), a member of the UK Institute of Directors, a holder of IoD Certificate in Company Direction and a graduate of INSEAD's International Directors Programme.

Robert Willoughby

Independent Non-executive Member

Robert Willoughby
Robert Willoughby
Independent Non-executive Member

Robert Willoughby, a dual US/UK citizen, is an Independent Non-executive Director of Praxia bank and sits on the Audit, Compensation, Nomination, and Risk Committees of the Board of Directors and chairs the Risk, Compensation and Nomination Committees. Previously, Robert was a Managing Director of Credit Suisse and Chairman of the Leveraged Finance Origination and Restructuring Advisory Group in London, after having served as the senior risk approver in Europe, Middle East & Africa for Credit Suisse as Head of Credit Underwriting and Capital Commitments in London. 

Prior to joining Credit Suisse in 1999, Robert served as Managing Director in Bankers Trust Company in London, holding senior Credit and Underwriting roles in the Risk Management Division as well as working in the Global Structured Finance Division, after having transferred to London in 1994 from Bankers Trust’s Chicago Office, and having worked in the High Yield / Leveraged Finance Division in Chicago. 

Robert holds a Masters in Management degree (MBA) from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science degree in Journalism from the Medill School of Journalism at Northwestern University.

Executive Committee

The Executive Committee contributes to the Bank’s strategy-setting process by providing relevant insights and recommendations to the Board. The Committee is also responsible for executing the Bank’s business plan by overseeing and managing day-to-day operations to ensure alignment with strategy, adherence to internal policies, compliance with applicable laws and regulations and efficient use of resources.

Anastasia Sakellariou

Chief Executive Officer

Anastasia Sakellariou
Anastasia Sakellariou
Chief Executive Officer

Anastasia Sakellariou is the CEO of Praxia bank. Transforming an inspiration into reality, she has been the driving force behind the creation of Greece’s first digital bank. Anastasia identified early on the lack of available funding for small and medium enterprises in the local marketplace and took the initiative to address this need in 2016. She initially served as investment advisor to Atlas Merchant Capital in their acquisition of Credicom (a full banking license in Greece) and subsequently undertook the mission to build and manage Praxia. Under Anastasia's leadership, Praxia is empowering change in the local market place through innovation to offer a seamless banking experience.

Anastasia is an accomplished international financier combining private and public sector banking expertise. She started her career in London in the mid-90s in investment banking holding positions in bulge bracket firms including Deutsche Bank, Salomon Brothers and Credit Suisse specializing in credit and credit restructuring as well as leverage finance, asset liability management, underwriting and risk management. Upon her return in Greece in 2009, she first held an executive position as senior advisor to the Chairman of Piraeus Bank and later as Chief Risk Officer of Hellenic Postbank.

In February 2013 she was appointed CEO of the Hellenic Financial Stability Fund (HFSF), the recapitalization vehicle for the Greek banks, with the capacity to deploy €50bn of funds, provided through the EU-IMF financial support mechanism. During her tenure at this critical public sector post, she played an instrumental role in the reshaping (resolution of 12 non-core banks and exit of foreign players), restructuring (deleveraging, divestments and cost cutting of the systemic banks) and the stabilization of the Greek banking sector. She left in late 2015 after having successfully completed two rounds of recapitalization of the Greek systemic banks and having concluded their required restructuring plans in line with EU state aid rules.

George Koutsos

Deputy CEO

George Koutsos
George Koutsos
Deputy CEO

George Koutsos brings significant international experience in financial services having worked in various capacities spanning action investment banking, strategy consulting, private equity and general management. He was one of the first executives to join Praxia in early 2018, with a vision to build Greece’s first digital bank. His original role was Chief Financial & Operating Officer and was later promoted to Deputy CEO. He is also an Executive Member of the Board of Directors.

He is a graduate in Chemical Engineering from the National Technical University of Athens (NTUA) and he holds an MSc in Advanced Chemical Engineering and an MBA from Imperial College, London. He started his career as a Strategy Consultant at the Boston Consulting Group. He then moved to National Bank of Greece, where he spent 8 years within the Investment Banking and Private Equity/Venture Capital business units, originally in London (NBG International) and since 2009 in Athens, ultimately heading Mergers, Acquisitions, Restructurings and Equity Capital Markets. 

George was subsequently appointed Deputy CEO of the Hellenic Financial Stability Fund (HFSF), the recapitalization vehicle for the Greek banks, with a firepower of c. €50bn, provided through the EU-IMF financial support mechanism to Greece. During his tenure, George was deeply involved in the reshaping, restructuring and stabilization of the Greek banking sector (3 rounds of recapitalization, resolution of 12 non-core banks, deleveraging / divestments of the pillar banks in line with their approved restructuring plans, facilitation of NPL resolution, development of an active NPL market etc.). On the corporate governance front, he was actively providing guidance to the HFSF’s representatives at the BoDs and respective committees of the 4 systemic banks. His last role prior to Praxia bank was Partner in Deloitte Central Mediterranean, advising banks and corporates on strategy, finance and operations while being a key member of the Financial Services team that secured key mandates ranging from audit and IFRS 9 advisory to divestment strategy and NPL portfolio transactions.

Marios Kassinos

Deputy CEO, Corporate, Retail and Digital Banking

Marios Kassinos
Marios Kassinos
Deputy CEO, Corporate, Retail and Digital Banking

Before joining Praxia bank, Marios spent approximately 4 years at Piraeus Bank, first as Senior Director at the Corporate and Investment Banking Unit and later as Assistant General Manager reporting directly to the CEO (CEO’s Office). He was also a member of the Board of Directors of Piraeus Leasing and Cyprus Leasing. During his tenure at Piraeus Bank, Marios was actively involved in the development of new business initiatives for the Bank’s Corporate Banking business, the formulation and implementation of strategies concerning certain large debt and equity exposures of the Bank, and the provision of transaction and debt restructuring advisory services to large corporate customers.

Marios started his career with PwC (Financial Advisory Services) in 1998, first based out of Chicago, U.S. and later out of Nicosia Cyprus. In 2003, he moved to Greece where he joined EY (Transaction Advisory Services) and in 2007, at age 32, he was promoted to Equity Partner. During his tenure at EY, Marios worked on over 200 transactions in Greece and Southeast Europe and held several senior leadership positions within the regional and global EY organization, including, inter alia, the position of Divestment Advisory Services Leader responsible for over 20 countries in Central and Southeast Europe (CSE) and the position of Executives Learning & Development Leader for CSE.

Marios graduated from the University of Illinois at Urbana-Champaign in 1998 (Full-bright Scholar) and is a Certified Public Accountant (CPA).

Alexandros Manos

Chief Operations Officer

Alexandros Manos
Alexandros Manos
Chief Operations Officer

Alexandros Manos joined Praxia Bank as Chief Operations Officer with more than 25 years of experience in banking. 

In a nutshell, Alexandros’ hands-on work ethic produces practical solutions, delivers results under pressure and constantly challenges the status quo.

Alexandros began his investment banking career in 1992 with Salomon Brothers in London, later acquired by Citigroup, at the Infrastructure and Transportation Group. In 1999, he became head of investment banking for Greece where he executed a number of the most notable investment banking transactions at the time, including privatisations, equity offerings, IPOs and M&A. He became Managing Director in 2003. In 2005, he was appointed head of investment banking for Greece, North Africa and Southeastern Europe. 

In 2007, he was offered the position of Deputy Managing Director at Piraeus Bank where he was responsible for investment banking, corporate banking and shipping. He was a member of the Executive Committee and the Board of Directors.

In 2012, he was appointed CEO of Geniki Bank, following its buyout by Piraeus Bank, tasked with returning the bank to profitability through a drastic operational restructuring. Within a 9-month period, he achieved a higher than 40% cost reduction while increasing income by more than 10% thus leading the bank to profitability.

In 2013, he returned to Piraeus Bank as an Advisor to the CEO where he spearheaded a number of transformational projects including the full review and rationalization of retail banking fees  and commissions structure, the introduction of the first e-auction platform in order to increase efficiency and transparency of own real estate asset sales, and the creation of a strategic procurement unit in order to reduce drastically operating expenses without negative repercussions on the bank’s business.

Alexandros holds a Master’s in Advanced Mechanical Engineering from Imperial College of Science Technology & Medicine and an MBA from INSEAD.

Thanos Papanikolaou

Chief Risk Officer

Thanos Papanikolaou
Thanos Papanikolaou
Chief Risk Officer

Having a resourceful mindset and international experience, Thanos Papanikolaou is Praxia bank’s Chief Risk Officer. He is also a member of the Executive Committee. Before joining the team, he was a Partner in Consulting Services in Deloitte Central Mediterranean cluster and Lead Insurance Partner, providing advisory services to financial institutions and insurance companies.

During his career, he has led significant risk related projects across Europe, Turkey and Africa regions and he had also assumed managerial positions in Risk Units in large scale banking institutions. He has also led onsite regulatory inspection and asset quality review projects in banks located in Greece and Cyprus on behalf of the European regulator.

He was also the leader of the development of the Global Methodology of one of the  big-4 accounting firms  for liquidity risk framework and a member of the European team for Financial Risk Management services participating in cross-border large scale advisory projects.

Thanos is an economist and holds an MSc in Operational Research from Lancaster University in UK and he was also a founding member and Regional Director of Global Association of Risk Professionals (GARP) chapter in Greece and the founding member and Regional Director of Professional Risk Managers International Association (PRMIA) chapter in Romania. He was also member of the Global Board of PRMIA in USA as specialist in the Risk Appetite area.

Stavros Tamvakakis

Chief Strategy Officer

Stavros Tamvakakis
Stavros Tamvakakis
Chief Strategy Officer

Integrating deep analytical thinking and fresh strategic understanding, Stavros Tamvakakis is Praxia bank’s Chief Strategy Officer. He is also a member of the Bank’s Executive Committee. In spite of being a young professional, he has already garnered valuable experience in the international workplace.

Prior to joining Praxia bank, Stavros spent 3 years in the UK, initially as an Analyst in Merrill Lynch’s Complex FX Options Structuring & Marketing Group (2007-2008) and as an Associate in Global Markets (2008-2010). He then moved on to join the Boston Consulting Group (2013-2018), where he remained for five years focusing on driving strategy and transformation projects in both Europe and US regions.

Ηe graduated from Brown University with a BSc in Applied Mathematics-Economics and thereafter from Harvard Business School, with an Masters in Business Administration.

Thalia Emiri

Chief Legal Counsel

Thalia Emiri
Thalia Emiri
Chief Legal Counsel

Thalia Emiri holds the position of Chief Legal Counsel and Head of Legal Division and the Corporate Governance Unit at Praxia bank. She advises the senior management on legal, corporate and governance issues. She joined Praxia Bank aspiring to the challenges of launching the first digital bank in Greece.

Prior to Praxia bank, Thalia was Chief Legal Counsel at the Hellenic Financial Stability Fund (2013-2018). During this term, she played an instrumental role in the 3 recapitalization rounds of the Greek systemic banks during the financial crisis. She has served as Legal Counsel to the Minister of Finance (2013) and as Counsel to the Prime Minister, Mr. Papademos.

Thalia has led 15 years private law practice, with an emphasis on corporate and competition law and she has been an off-counsel to well-known Greek law firms. She holds an LL.B. from Athens Law School and a Ph.D. from Panthéon-Assas University (Paris II). She is a member of the Legal Council at the Hellenic Bank Association.

Audit Committee

The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its responsibility to the shareholders by ensuring the smooth operation of the internal audit function as well as the completeness and transparency of the Bank’s financial statements.

Michael Katounas

Independent Non-executive Member

Michael Katounas
Michael Katounas
Independent Non-executive Member

Michael Katounas is currently the Deputy CEO of QInvest LLC, one of the leading Middle Eastern investment groups based in Qatar. He has more than 20 years of international experience having worked in London, Dubai, Doha, Amsterdam and Athens.

Prior to joining QInvest, Michael held positions at Credit Suisse, ABN Amro, Procter & Gamble and Shell Oil with experience in debt and equity principal investments as well as M&A, corporate finance and restructuring transactions. He has completed transactions with a total value of more than US$50bn throughout his career. He currently holds a number of Board roles including on the Board of Directors of Panmure Gordon PLC, Ellaktor SA and OneOcean Port Vale. He also serves on the Board of Governors of Doha College.

Michael graduated with a Master of Science in International Finance from the London School of Economics, is a Chartered Financial Analyst (CFA), a member of the UK Institute of Directors, a holder of IoD Certificate in Company Direction and a graduate of INSEAD's International Directors Programme.

Robert Willoughby

Independent Non-executive Member

Robert Willoughby
Robert Willoughby
Independent Non-executive Member

Robert Willoughby, a dual US/UK citizen, is an Independent Non-executive Director of Praxia bank and sits on the Audit, Compensation, Nomination, and Risk Committees of the Board of Directors and chairs the Risk, Compensation and Nomination Committees. Previously, Robert was a Managing Director of Credit Suisse and Chairman of the Leveraged Finance Origination and Restructuring Advisory Group in London, after having served as the senior risk approver in Europe, Middle East & Africa for Credit Suisse as Head of Credit Underwriting and Capital Commitments in London. 

Prior to joining Credit Suisse in 1999, Robert served as Managing Director in Bankers Trust Company in London, holding senior Credit and Underwriting roles in the Risk Management Division as well as working in the Global Structured Finance Division, after having transferred to London in 1994 from Bankers Trust’s Chicago Office, and having worked in the High Yield / Leveraged Finance Division in Chicago. 

Robert holds a Masters in Management degree (MBA) from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science degree in Journalism from the Medill School of Journalism at Northwestern University.

Timοthy Kacani

Non-executive Member

Timοthy Kacani
Timοthy Kacani
Non-executive Member

Timothy Kacani is a Managing Director, Chief Operating Officer, Member of Investment Committee of Atlas Merchant Capital having joined in June 2014 and is based in New York. Timothy oversees the Atlas' finance, legal and operations functions. Previously, Timothy was the CFO of Lightyear Capital, having joined in April 2001. 

Prior to joining Lightyear, Timothy worked at JP Morgan Partners as a Vice President of Investment Partnerships, Tax and Distributions from 1997 to 2001.  Prior to JP Morgan, Timothy worked at Brother International Corporation as a Manager for financial reporting from 1996 to 1997. 

Timothy began his career at KPMG, where he worked from 1987 to 1996.  While at KPMG, he spent six years in a variety of audit positions and an additional three years in the executive office overseeing the financial reporting for the consolidated U.S. division of KPMG.  Timothy is currently a member of the Board of Directors of Praxia bank and Panmure Gordon.  He is also a member of the Board of Trustees at the University of Scranton.  A native of Metuchen, New Jersey, Timothy is a Certified Public Accountant (inactive) and holds a Bachelor of Science degree in Accounting from the University of Scranton.

Risk Committee

The purpose of the Risk Committee is to advise and support the Board of Directors in fulfilling its risk management duties by setting the Bank’s risk strategy and overseeing its implementation while ensuring adherence to the corresponding limits set.

Robert Willoughby

Independent Non-executive Member

Robert Willoughby
Robert Willoughby
Independent Non-executive Member

Robert Willoughby, a dual US/UK citizen, is an Independent Non-executive Director of Praxia bank and sits on the Audit, Compensation, Nomination, and Risk Committees of the Board of Directors and chairs the Risk, Compensation and Nomination Committees. Previously, Robert was a Managing Director of Credit Suisse and Chairman of the Leveraged Finance Origination and Restructuring Advisory Group in London, after having served as the senior risk approver in Europe, Middle East & Africa for Credit Suisse as Head of Credit Underwriting and Capital Commitments in London. 

Prior to joining Credit Suisse in 1999, Robert served as Managing Director in Bankers Trust Company in London, holding senior Credit and Underwriting roles in the Risk Management Division as well as working in the Global Structured Finance Division, after having transferred to London in 1994 from Bankers Trust’s Chicago Office, and having worked in the High Yield / Leveraged Finance Division in Chicago. 

Robert holds a Masters in Management degree (MBA) from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science degree in Journalism from the Medill School of Journalism at Northwestern University.

Corrado Passera

Independent Non-Executive Member, Chairman

Corrado Passera
Corrado Passera
Independent Non-Executive Member, Chairman

Corrado Passera is the CEO of Bank illimity, listed on the Borsa Italiana MTA market as of March 5th 2019.  

Corrado began his career at McKinsey. Inspired by innovation and challenge, his career path took him from Olivetti to Poste Italiane S.p.A., Intesa Sanpaolo and the Italian Government. At Olivetti, he was challenged by the shift from traditional IT to ICT, which led to two extremely successful start-ups: Omnitel and Infostrada. At Poste Italiane, between 1998 and 2002, he succeeded in transforming an inefficient public entity into a modern postal service provider, and one of the most successful postal banks worldwide. The creation of Poste Vita, which then gained national leadership, dates to this time.

In the banking sector – where he served first as CEO of Ambroveneto, then of Banca Intesa and finally of Intesa Sanpaolo – he helped build one of the most solid European banks. Among the startup worth mentioning at the time, there was Banca Prossima, a bank dedicated to social entrepreneurship and impactful financing that remains one of the most effective models of its kind worldwide. As the Minister of Economic Development, Corrado introduced start-up-friendly legislation, revolutionising the incentive to innovate.

In 2018, he launched a bank start-up via Spaxs, the largest special-purpose acquisition company (SPAC) in Europe, with deposits of €600 million. The objective was to create a new “paradigm bank” specializing in SMEs that face challenges in accessing loans, as well as digital and mobile banking services for SMEs and families. Corrado holds an MBA from the Wharton School at the University of Pennsylvania, Philadelphia and a degree in Business Administration from Bocconi University, Milan.

Timοthy Kacani

Non-executive Member

Timοthy Kacani
Timοthy Kacani
Non-executive Member

Timothy Kacani is a Managing Director, Chief Operating Officer, Member of Investment Committee of Atlas Merchant Capital having joined in June 2014 and is based in New York. Timothy oversees the Atlas' finance, legal and operations functions. Previously, Timothy was the CFO of Lightyear Capital, having joined in April 2001. 

Prior to joining Lightyear, Timothy worked at JP Morgan Partners as a Vice President of Investment Partnerships, Tax and Distributions from 1997 to 2001.  Prior to JP Morgan, Timothy worked at Brother International Corporation as a Manager for financial reporting from 1996 to 1997. 

Timothy began his career at KPMG, where he worked from 1987 to 1996.  While at KPMG, he spent six years in a variety of audit positions and an additional three years in the executive office overseeing the financial reporting for the consolidated U.S. division of KPMG.  Timothy is currently a member of the Board of Directors of Praxia bank and Panmure Gordon.  He is also a member of the Board of Trustees at the University of Scranton.  A native of Metuchen, New Jersey, Timothy is a Certified Public Accountant (inactive) and holds a Bachelor of Science degree in Accounting from the University of Scranton.

Remuneration Committee

The Remuneration Committee advises and supports the Board of Directors in setting and implementing the bank’s remuneration policy aiming at ensuring the alignment of the remuneration framework with the values of the Bank and the applicable regulatory framework in force.

Robert Willoughby

Independent Non-executive Member

Robert Willoughby
Robert Willoughby
Independent Non-executive Member

Robert Willoughby, a dual US/UK citizen, is an Independent Non-executive Director of Praxia bank and sits on the Audit, Compensation, Nomination, and Risk Committees of the Board of Directors and chairs the Risk, Compensation and Nomination Committees. Previously, Robert was a Managing Director of Credit Suisse and Chairman of the Leveraged Finance Origination and Restructuring Advisory Group in London, after having served as the senior risk approver in Europe, Middle East & Africa for Credit Suisse as Head of Credit Underwriting and Capital Commitments in London. 

Prior to joining Credit Suisse in 1999, Robert served as Managing Director in Bankers Trust Company in London, holding senior Credit and Underwriting roles in the Risk Management Division as well as working in the Global Structured Finance Division, after having transferred to London in 1994 from Bankers Trust’s Chicago Office, and having worked in the High Yield / Leveraged Finance Division in Chicago. 

Robert holds a Masters in Management degree (MBA) from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science degree in Journalism from the Medill School of Journalism at Northwestern University.

Sally Bott

Non-executive Member

Sally Bott
Sally Bott
Non-executive Member

Sally Bott is an Operating Partner at Atlas and is based in both New York and London. She is an experienced Human Resources professional with more than 30 years of HR experience. Prior to joining Atlas, Sally was the Group HR Director for Barclays from 2011 to 2012. From 2005 to 2011, she served as the Global HR Director at BP Plc. From 2000 to 2005 Sally was a Managing Director at Marsh & McLennan Companies, a global professional services firm that provides advice and solutions in strategy, risk and human capital, and Head of Global HR for Marsh Inc. Prior to that, she worked at Barclays from 1994 to 2000; first as the HR Director for Barclays de Zoete Wedd and then Group HR Director for Barclays. 

Sally began her career in 1970 at Citibank in their Economics Department and also held positions in the Finance function and Leveraged Finance business.  While at Citi, Sally had HR experience across a range of markets, including the United States, Europe, Latin America, Asia, and other emerging markets.  Sally began working in HR in 1978 and worked as an HR Director in most of the Wholesale Bank and Investment Banking business during the next 15 years. 

From 2008 to 2011, Sally served on the Board of Directors of UBS AG and chaired the Human Resources and Compensation Committee.   

Sally holds a Bachelor of Arts in Economics from Manhattanville College and is currently a Board Member for the Carter Burden Center for the Aging in New York City. 

Michael Katounas

Independent Non-executive Member

Michael Katounas
Michael Katounas
Independent Non-executive Member

Michael Katounas is currently the Deputy CEO of QInvest LLC, one of the leading Middle Eastern investment groups based in Qatar. He has more than 20 years of international experience having worked in London, Dubai, Doha, Amsterdam and Athens.

Prior to joining QInvest, Michael held positions at Credit Suisse, ABN Amro, Procter & Gamble and Shell Oil with experience in debt and equity principal investments as well as M&A, corporate finance and restructuring transactions. He has completed transactions with a total value of more than US$50bn throughout his career. He currently holds a number of Board roles including on the Board of Directors of Panmure Gordon PLC, Ellaktor SA and OneOcean Port Vale. He also serves on the Board of Governors of Doha College.

Michael graduated with a Master of Science in International Finance from the London School of Economics, is a Chartered Financial Analyst (CFA), a member of the UK Institute of Directors, a holder of IoD Certificate in Company Direction and a graduate of INSEAD's International Directors Programme.

Nomination Committee

The Nomination Committee advises the Board of Directors regarding the nomination needs of the bank. The committee is responsible, among other things, for the evaluation of the members of the Board of Directors and the Committees.

Robert Willoughby

Independent Non-executive Member

Robert Willoughby
Robert Willoughby
Independent Non-executive Member

Robert Willoughby, a dual US/UK citizen, is an Independent Non-executive Director of Praxia bank and sits on the Audit, Compensation, Nomination, and Risk Committees of the Board of Directors and chairs the Risk, Compensation and Nomination Committees. Previously, Robert was a Managing Director of Credit Suisse and Chairman of the Leveraged Finance Origination and Restructuring Advisory Group in London, after having served as the senior risk approver in Europe, Middle East & Africa for Credit Suisse as Head of Credit Underwriting and Capital Commitments in London. 

Prior to joining Credit Suisse in 1999, Robert served as Managing Director in Bankers Trust Company in London, holding senior Credit and Underwriting roles in the Risk Management Division as well as working in the Global Structured Finance Division, after having transferred to London in 1994 from Bankers Trust’s Chicago Office, and having worked in the High Yield / Leveraged Finance Division in Chicago. 

Robert holds a Masters in Management degree (MBA) from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science degree in Journalism from the Medill School of Journalism at Northwestern University.

Sally Bott

Non-executive Member

Sally Bott
Sally Bott
Non-executive Member

Sally Bott is an Operating Partner at Atlas and is based in both New York and London. She is an experienced Human Resources professional with more than 30 years of HR experience. Prior to joining Atlas, Sally was the Group HR Director for Barclays from 2011 to 2012. From 2005 to 2011, she served as the Global HR Director at BP Plc. From 2000 to 2005 Sally was a Managing Director at Marsh & McLennan Companies, a global professional services firm that provides advice and solutions in strategy, risk and human capital, and Head of Global HR for Marsh Inc. Prior to that, she worked at Barclays from 1994 to 2000; first as the HR Director for Barclays de Zoete Wedd and then Group HR Director for Barclays. 

Sally began her career in 1970 at Citibank in their Economics Department and also held positions in the Finance function and Leveraged Finance business.  While at Citi, Sally had HR experience across a range of markets, including the United States, Europe, Latin America, Asia, and other emerging markets.  Sally began working in HR in 1978 and worked as an HR Director in most of the Wholesale Bank and Investment Banking business during the next 15 years. 

From 2008 to 2011, Sally served on the Board of Directors of UBS AG and chaired the Human Resources and Compensation Committee.   

Sally holds a Bachelor of Arts in Economics from Manhattanville College and is currently a Board Member for the Carter Burden Center for the Aging in New York City. 

Michael Katounas

Independent Non-executive Member

Michael Katounas
Michael Katounas
Independent Non-executive Member

Michael Katounas is currently the Deputy CEO of QInvest LLC, one of the leading Middle Eastern investment groups based in Qatar. He has more than 20 years of international experience having worked in London, Dubai, Doha, Amsterdam and Athens.

Prior to joining QInvest, Michael held positions at Credit Suisse, ABN Amro, Procter & Gamble and Shell Oil with experience in debt and equity principal investments as well as M&A, corporate finance and restructuring transactions. He has completed transactions with a total value of more than US$50bn throughout his career. He currently holds a number of Board roles including on the Board of Directors of Panmure Gordon PLC, Ellaktor SA and OneOcean Port Vale. He also serves on the Board of Governors of Doha College.

Michael graduated with a Master of Science in International Finance from the London School of Economics, is a Chartered Financial Analyst (CFA), a member of the UK Institute of Directors, a holder of IoD Certificate in Company Direction and a graduate of INSEAD's International Directors Programme.