Yiannis Ritsios, CFA, Finance Expert in Athens, Central Athens, Greece
Yiannis Ritsios, CFA

Finance Expert in Athens, Central Athens, Greece

Member since October 14, 2018
Yiannis manages €550 million of assets for institutional investors globally and has extensive experience in financial analysis, valuation, equity research, and investment management. He has worked on M&A projects for large corporations and startup funding for the European Commission. With an MBA from Imperial College London, Yiannis began freelancing to help top management, investors, and entrepreneurs in creating value and sustainable growth.
Yiannis is now available for hire

Career Highlights

Education

Select Certifications

Industry Expertise

  • Food & Beverage
  • Technology

Other Expertise

Employment

  • Finance Expert

    2017 - PRESENT
    European Commission
    • Evaluated funding proposals of highly innovative small and medium enterprises and startups in the fields of fintech, smart housing, internet of things (IoT), and construction innovation.
    • Assessed business plans to identify the most disruptive and scalable businesses.
    • Identified disruptive ideas to help startups access funding for prototype development of up to EUR 50,000, or go-to-market funding for EUR 1-2 million.
    Focus areas: Technology, Business Planning, Financial Technology, Project Evaluation, Startup Funding
  • Managing Director | Member of the Board

    2013 - PRESENT
    NBG Asset Management Luxembourg
    • Oversaw the delegated investment management of the Luxembourg domiciled UCITS, SICAV, and FCP funds.
    • Monitored the investment strategies and portfolios operations. Engaged with portfolio management teams in the areas of performance, risk, and compliance.
    • Acted as interim CFO; built a model for internal projections, analyzed profitability, cut costs, and prepared the 5-year budget.
    Focus areas: Investment Monitoring, Financial Modeling, Portfolio Analysis, Budgeting, Financial Planning & Analysis (FP&A), Financial Management, Fund Management, Investment Portfolio Management
  • Head of Discretionary Asset Management

    2002 - PRESENT
    National Bank of Greece Asset Management
    • Managed €550 million in assets under management primarily from pension funds, investing in European and US equities and fixed income. Outperformed relative benchmarks in all portfolios.
    • Developed the investment strategy based on a top-down approach for asset allocation and a bottom-up approach for stock selection, using macro, fundamental, quantitative, and technical analysis.
    • Led a team of two buy-side equity research analysts. Conducted equity research, including financial statement analyses, DCF valuation, and comparable company analyses.
    • Built detailed financial models for the companies in the investment universe. Projected revenues, costs, and cash flows and analyzed profitability, liquidity and economic added value.
    • Researched and developed investment strategies, based on valuation, factor analysis, trend following and risk parity using Excel, VBA, Matlab, and R.
    • Performed due diligence and analysis on hedge fund managers. Evaluated qualitative factors and risk/return performance. Replicated hedge fund returns with econometric models.
    • Worked on acquisition projects, conducted due diligence, comparable valuation and DCF valuation. Built financial models, projected P&L and cash flow, and analyzed the effects.
    Focus areas: Quantitative Analysis, Economic Value Added, Cash Flow Modeling, Due Diligence, Valuation Modeling, Mergers & Acquisitions (M&A), Portfolio Analysis, Financial Modeling, Investment Thesis, Three Statement Operating Model, Financial Statements, Equity Research, DCF Valuation, Valuation, Comparable Company Analysis, Investment Portfolio Management, Asset Acquisition
  • Equity Research Analyst

    1999 - 2002
    P&K Securities (acquired by National Bank of Greece in 2007)
    • Conducted sell-side equity research, including industry and company analysis, financial statement analysis, DCF valuation and comparable valuation.
    • Developed detailed projections of P&L, balance sheet, and cash flows, prepared the three-statement operating model and evaluated economic profitability.
    • Covered energy, materials, food, utilities, technology and communication companies.
    • Prepared the investment case, explained the risk factors, and advised institutional clients.
    Focus areas: P&L Forecasting, Cash Flow Forecasting, Revenue & Expense Projections, Three Statement Operating Model, Comparable Company Analysis, Financial Modeling, Equity Valuation, Valuation Modeling, Valuation Multiples, Valuation, DCF Valuation, Financial Statements, Equity Research
  • Financial Analyst

    1997 - 1999
    Heineken (Athenian Brewery)
    • Gained experience as a management trainee with on-the-job training in marketing, sales, production, logistics, and finance.
    • Prepared revenues and cost analysis, profitability analysis and financial statements analysis. Contributed to the budgeting and consolidation.
    • Built valuation for the potential acquisition of breweries in southeastern Europe.
    • Rebuild and restructured the financial analysis and reporting models, using advanced Excel modeling and VBA coding.
    Focus areas: Accounting Consolidation, Revenue & Expense Projections, Five-year Projections, Pricing Analysis, DCF Valuation, Financial Modeling, Budgeting, Financial Planning & Analysis (FP&A)

Education

  • Completed an executive course in Global Investments
    2006 - 2006
    INSEAD - Fontainebleau, France
  • Postgraduate certificate in Financial Asset Management and Engineering (FAME)
    2000 - 2000
    Swiss Finance Institute, University of Lausanne - Lausanne, Switzerland
  • Master of Business Administration (MBA) degree in Finance
    1993 - 1994
    Imperial College London - London, UK
  • Master's degree in Electrical Engineering (Communications & Signal Processing)
    1992 - 1993
    Imperial College London - London, UK
  • Bachelor's degree in Electrical Engineering
    1986 - 1992
    Aristotle University of Thessaloniki - Thessaloniki, Greece

Certifications

  • Passed CAIA Level I Exam
    MARCH 2009 - PRESENT
    CAIA Association
  • Chartered Financial Analyst (CFA)
    SEPTEMBER 2004 - PRESENT
    CFA Institute

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