CEO Aristidis Vourakis of AstroBank resigns, shifting to AB Bank post-€200M agreement with Alpha.
Aristidis Vourakis, the former CEO of AstroBank, is set to embark on a new chapter in his career as he takes on the role of Chief Executive Officer at Aegean Baltic Bank (AB Bank) from October 1, 2025[1][2]. This appointment is part of AB Bank's broader strategy to strengthen its presence in Greece and the surrounding region[1].
Vourakis brings a wealth of experience to his new role, having spent more than 25 years in international banking. He has held senior positions at JPMorgan in London, overseeing institutional clients across Central and Eastern Europe, Africa, and the Middle East[1]. Prior to this, he served as Deputy CEO of Bank Audi Group in Lebanon[1].
Vourakis's extensive experience is expected to be a significant asset to AB Bank. This is particularly true given his recent role in overseeing the sale of AstroBank to Alpha Bank for over €200 million[1]. The acquisition, which is still pending final regulatory approvals, will boost Alpha Bank's loan portfolio, deposits, and branch network[1], making AB Bank the third largest bank in Cyprus[1].
Until the transaction is fully concluded, Vourakis will continue his duties at AstroBank to guarantee a stable transition[1]. He holds an MSc in Accounting and Finance from the London School of Economics and a Finance degree from the University of Piraeus[1].
[1] Source: AB Bank's official announcement, September 2025.
- Aristidis Vourakis, having a rich background in international banking with experience at JPMorgan and Bank Audi Group, will leverage his expertise in institutional finance and business to further strengthen Aegean Baltic Bank's presence in Greece and surrounding regions.
- Given Vourakis's successful role in finalizing the sale of AstroBank to Alpha Bank for over €200 million, his strategic insight in banking and finance is expected to significantly contribute to the growth of Aegean Baltic Bank in Cyprus, where it will become the third largest bank following the acquisition.
- With an MSc in Accounting and Finance from the London School of Economics and a Finance degree from the University of Piraeus, Vourakis showcases a combination of practical experience and academic knowledge in the field of banking and finance, which will undoubtedly support Aegean Baltic Bank's strategic growth initiatives.
