By Muskan Arora

The $5.5bn Growthfund, the National Fund of
Greece has appointed Vasilis Theofanopoulos as its new CIO, on Monday.

The sovereign fund manages state-owned
enterprises across the energy, real estate, transportation and infrastructure,
food and supply, technology and postal services.

“This is a time of
transformational change for the Greek economy and for the fund as it is
launching new and exciting sovereign wealth management strategies, as well as,
proactively restructuring its broad and important portfolio of activities,”
said a recent LinkedIn post by Theofanopoulos.

Theofanopoulos has over 20 years of experience
in investment management and banking.

Prior to this role, he served as a director at
Solon&Pytheas Capital Navigation Ltd for almost seven years.

Before
that, he worked at Mount Street Group for almost five years. He started at the
firm as a senior director for its mortgage servicing department and then
progressed to becoming the CEO/Director for its private loans and credit
management. His final promotion at the firm got him the role of a senior
director of private markets, in November 2020.

As
a senior director at Mount Street Group, he was responsible for debt servicing
and asset management, debt and financial advisory services, principal
strategies and borrower solutions and NPL Underwriting.

A
few of the fund’s assets include 25% stake in Athens International Airport and
34.12% stake in Public Power Corp. S.A.