Georgios Michelis said to be next HFSF chief

Georgios Michelis, a former executive at Emporiki Bank, is on track to become chairman of Greece’s bank rescue fund, according to two euro-area officials.

Michelis is being considered for the post at the Hellenic Financial Stability Fund by Finance Ministry deputies, who must sign off on the move, the officials said, who asked not to be identified because the process is private.

He’ll get the job if there aren’t objections and if he’s willing to accept the position.

Michelis said he wasn’t aware of the committee’s deliberations when reached Friday by telephone. [Bloomberg]

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