Board of Directors

Hellenic Alico Life


Mr. Phivos Stasopoulos - Chairman

Born in 1967 in Cyprus, Phivos Stasopoulos has extensive experience in the accounting and banking industries. After graduating from the University of Manchester with a B.A. in Accounting, Finance and Econometrics, he joined KPMG in the UK, where he qualified as a Chartered Accountant.

He returned to Cyprus to join Bank of Cyprus as Head of Debt Recovery. After serving in various posts, he became General Manager as Head of Corporate Banking. He left the Bank at the end of 2013 and for a period of almost 2 years he has been advising reputable clients operating in various sectors of the economy. He is a Fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW).

He joined Hellenic Bank in April 2016. Since August 2016, he holds the position of Group General Manager, Business Division & Insurance. Since November 2017 he holds the position of Group General Manager Business Division.

He has been appointed as member of the Board of Directors of Hellenic Alico Life Insurance Company Ltd since March 2017 and since May 2017 he holds the position of the Chairman of the Company’s Board of Directors.

Mr. Mario Valdes – Vice President

Mario Valdes is Head of Designated Markets for MetLife Europe (Slovakia, Czech Republic, Hungary, Bulgaria and Cyprus), General Manager of Czech Republic & Slovakia and a member of the Executive Leadership Team (ELT) for MetLife’s EMEA Region.

Before assuming his current position in 2014, Mario was the General Manager of the Gulf countries, one of MetLife’s largest operations in the Middle East.  During his 5-year lead, the operation experienced significant growth, particularly in the areas of Bancassurance and Employee Benefits.

Mario joined Alico’s Latin America Division as a Management Associate in 1995, and held executive positions in Colombia and Panama. In 2000 he assumed the role of Vice President for Corporate Business in Mexico.

In 2005 he was appointed General Manager of Alico’s operation in Turkey.

During his multiple assignments, he has been responsible for designing and executing distribution and operational strategies to achieve top and bottom line company objectives. His experience includes distribution of retail and corporate products through Bancassurance, Direct Marketing, Agency and Brokerage.

Mario received his Bachelors of Science degree from Arizona State University, and has a Masters in International Management from the American Graduate School of International Management – Thunderbird, Arizona.

Mr. Demetrios Efstathiou - Member

Studied B.Eng. in Information Systems Engineering at Imperial College London. Holder of Master of Business Administration (MBA) from London Business School. Commenced his career in 1993 at London Forfaiting Company PLC where he worked until 2001.

He held the positions of Associate Director, London (head office) and Managing Director, Hong Kong office – Head of Office.

From 2003 until 2007, he worked at Morgan Stanley, London as Proprietary Trader – Head of CEEMEA proprietary trading – Fixed Income Division. In 2008 he joined Argo Capital Management Ltd in London, a hedge fund manager specializing in emerging markets, as Portfolio Manager.

From 2010 until 2013 he worked with RBS Global Banking & Markets, London (now Natwest Markets) as Head of Research & Strategy - Central and Eastern Europe, Middle East, Africa (CEEMEA) covering currencies, credit and interest rates. In 2013 he joined ICBC Standard Bank Plc, London as Head of Trading Strategy.

Since March 2016 he is the Executive Director - Chief Investment Officer (founder and majority shareholder) of Blue Diagonal Capital Ltd, Cyprus a company which has applied to the Cyprus Securities and Exchange Commission for an AIFM license to provide portfolio management and investment advice to funds including its own umbrella fund.

Was appointed Member of the Board of Directors of Hellenic Alico Life in July 2017. He also a Member of the Board of Directors of Hellenic Bank since May 2017. Member of the Risk Management Committee and Member of the Nominations / Internal Governance Committee of the Board of Directors.

Mr. Antonis Karpasitis - Member

He is a retired insurance executive with 40 years of international experience in the Middle East and Central Europe in insurance and risk management.

Until his retirement in June 2017 he was the general manager of Alico and subsequently Metlife Cyprus for 22 years. He is a member of the board of Hellenic Alico Life since its founding in 2001.

He graduated from the American Academy in Larnaca Cyprus. He holds a bachelor’s degree in business administration from the State University of New York (SUNY) and an executive diploma from the Wharton School of the University of Pennsylvania.

He is a Chartered Insurer and a Fellow of the Life Management Institute USA. He is also an associate in risk management with the Insurance Institute of America.

He is a PECB certified lead risk manager and certified trainer. He is also a Rimap certified risk management professional by the Federation of European Risk Management Associations (FERMA).

Mr. Andreas Papadatos - Member

He was born on 7 April 1977. He graduated from English School in Nicosia on 1996 and on 2011 he obtained his Bachelor of Science Hons) in Economics from London School of Economics and Political Science. In 2004 he became a member of the Institute of Chartered Accountants in England and Wales. He worked as an Audit Manager with Deloitte in London from 2001 until 2004 and with KPMG Cyprus from 2004 until 2006. From 2006 until October 2009 he worked at the Financial Management department of Hellenic Bank Group and since October 2009 he has been the Finance Manager of Hellenic Alico Life. Since May 2016 he holds the position of Hellenic Alico Life’s General Manager.

Mr. Adamos Savvides - Member

He was born on 7 March 1981. He graduated from the Second Lyceum of Kykkos in Paphos and holds a degree in Actuarial Science from the London School of Economics University in London. In addition, he is a Certified Accountant (ACA), a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and a member of the Association of Certified Public Accountants of Cyprus (ICPAC). He worked at Deloitte from 2004 until 2014, at the Audit Department (2004 - 2007) and then at the Financial Consulting Services Department (2008 - 2014). Since January 2015 he has been working with Wargaming Public Company Ltd as Investment Portfolio Manager. He is also member of the Board of Directors of Pancyprian Insurance Limited.