A graduate of the Athens University of Economics and Business, where he is still an associate professor, Vassilis Rapanos has been the chairman of the board of the National Bank of Greece and chairman of the Hellenic Bank Association since 2009. He received his doctorate from Queen's University in Kingston, Ontario, in Canada in 1982. Rapanos has served as chairman of the board of directors of OTE telecoms (1998-2000), governor of the National Mortgage Bank of Greece (which merged with National Bank in 1998) and as a financial adviser to the Costas Simitis government in the 2000-2004 period. He has also acted as counselor to the Permanent Greek Delegation to the European Union, as deputy head of the Greek Delegation to the Organization for Economic Cooperation and Development and research associate with the Institute of Economic and Industrial Research (IOBE) from 2007 to 2009. He was born on the eastern Aegean island of Kos in 1947.