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New BSTDB Secretary General Assumes Duties

Press Release | 16-Mar-2023

Following a nomination by the Hellenic Republic, Mr. Asterios Tsoukalas assumed today his duties as the new Secretary General of the Black Sea Trade and Development Bank (BSTDB) for a period of four years.

Mr. Tsoukalas is a national of Greece, born in 1969. He holds a master’s degree in Finance and Investments from the University of Exeter, UK, and a B.Sc. degree in Economics from the Aristotle University of Thessaloniki, Greece. He has also received a Diploma in International Financial reporting Standards (IFRS) from the Association of International Accountants (AIA) as well as other certificates for investment services from the Hellenic Capital Market Commission (HCMC) and the Athens Derivatives Exchange (ADEX).

Prior to his appointment as Secretary General, Mr. Tsoukalas served for more than 16 years as the Head of the Hellenic Capital Market Commission (HCMC) at its Regional Office in Thessaloniki. He also served as Board Member of the Greek Anti-Money Laundering Authority. He has gained extensive experience in the financial sector throughout his career by having worked for ten years in various investment services firms. 

Mr. Tsoukalas has served as Vice-President of the Board of Directors of HELEXPO S.A. and as member of the company’s audit committee. Moreover, he was the Vice-Chairman of the Board of Trustees of Thessaloniki Concert Hall. He also served as President and Secretary General of the Board of Anatolia College Alumni Association and as member of the Governance Committee of the American College of Thessaloniki.

Mr. Tsoukalas has been invited to speak at OECD and other institutions’ workshops on capital market and fraud topics as well as at seminars of universities in Greece. He has presented scientific papers on finance at international conferences and has published articles in scientific journals. 

He is fluent in Greek, English and Spanish. 

“I am grateful to the BSTDB Board of Directors for appointing me in this position and for their confidence. It is an extreme honor and privilege to serve the Black Sea Trade and Development Bank and its development mandate. Looking forward to working under the leadership of President Köksal with our Board of Directors and the management team to continue supporting the Bank’s development mission amid these challenging times”, said Asterios Tsoukalas on assuming his duties.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s and  “Baa1” by Moody’s. For information on BSTDB, visit www.bstdb.org.

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