Alpha Services and Holdings: HFSF holding 9% at Alpha Services and Holdings.
Under HFSF Law 3864/2010 (article 10, paragraph 2) the HFSF has the right to have one representative on each bank’s board. The HFSF’s Representatives are the Non-Executive Directors that are appointed by decision of the HFSF’s General Council, to the BoD of each Bank and exercise the voting rights in the respective Board Committees on behalf of HFSF. The HFSF’s Representatives are accomplished executives with extensive experience in the banking sector.
Alpha Services and Holdings S.A. is a holding company, listed on the Main Market of the Athens Stock Exchange and holds 100% of the Bank’s shares under the name “ALPHA BANK S.A.”.
Subsequent to the corporate transformation that took place on 16 April 2021, the banking operations were hived-down to a new wholly owned banking subsidiary (Alpha Bank).
Alpha Services and Holdings is the parent company of the Alpha Bank Group and maintains, in parallel with, inter alia, activities and assets relating to (a) the planning, promotion and distribution of insurance products in the name and on behalf of one or more insurance companies in the capacity of insurance agent, as well as (b) the provision of accounting and tax services to affiliated companies and third parties.
Alpha Services and Holdings has a direct participation in the subsidiaries Alpha Bank S.A., AlphaLife Insurance Company S.A., Alpha Insurance Agents S.A., REOCO ORION X S.S.A., REOCO GALAXY II S.S.A., REOCO GALAXY IV S.S.A. and Alpha Group Jersey Limited.
Alpha Bank Group offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management.
The Group operates in Greece, Cyprus, Romania, Albania, Luxembourg and the UK. It employs more than 10,500 employees internationally.
The Hellenic Financial Stability Fund owns today 211.138.299 common registered shares of Alpha Services and Holdings, which correspond to a percentage of 9% of its paid in share capital.
Throughout his international banking career, Mr. Umbgrove has held various specialist and executive positions within ABN AMRO Bank, Royal Bank of Scotland, and Alfa Bank Group. He currently holds non-executive positions at Lloyds Bank, DHB Bank and Alpha Bank.