Sabina Dziurman appointed EBRD Director for Greece and Cyprus

By Axel  Reiserer

Sabina Dziurman appointed EBRD Director for Greece and Cyprus

Sabina Dziurman has been appointed Director for Greece and Cyprus at the European Bank for Reconstruction and Development (EBRD) based in Athens, where she will assume her new post tomorrow. Greece became a country where the EBRD invests on a temporary basis earlier this year.

Ms Dziurman started working for the EBRD in 1993 as an expert for the development of a viable commercial banking sector in countries of the former Soviet Union. In 2004, she became a regular staff member of the Bank and successfully led landmark transactions like the rescue of Latvia’s Parex banka and the EBRD’s first investment in Cyprus as a Senior Banker in the Financial Institutions team.

Ms Dziurman, a British citizen, was educated at London University and London Business School, from where she holds an MBA.

Commenting on her appointment, Ms Dziurman said: “I am honoured that the EBRD has entrusted me with the responsibility for Greece and Cyprus. This is a huge challenge and we will work very hard to deliver. We had a promising start in Cyprus and we have also begun to build a project pipeline in Greece. The EBRD is committed to make its temporary presence in both countries a success.”

The EBRD Governors voted in February 2015 with overwhelming majority for the Bank to invest in Greece until the end of 2020. The Bank’s investments – backed by technical assistance and policy dialogue – are intended to strengthen progress in the reform of Greece’s economy and contribute to its recovery.

The EBRD’s activities in Cyprus will continue to be led by Libor Krkoška, Head of the Nicosia Resident Office, and his team.