Yiannis Ritsios, CFA

Yiannis Ritsios, CFA

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
  • Financial Modeling
  • Financial Planning & Analysis (FP&A)
  • Investment Portfolio Management
  • Mergers & Acquisitions (M&A)
  • Startup Funding
  • Valuation
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: Startup Funding, Project Evaluation, Financial Technology, Business Plan Evaluation, Technology
  • 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 Portfolio Management, Fund Management, Financial Management, Financial Planning & Analysis (FP&A), Budgeting, Portfolio Analysis, Financial Modeling, Investment Monitoring
  • 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: Asset Allocation, Investment Portfolio Management, Comparable Company Analysis, Valuation, DCF Valuation, Equity Research, Financial Statement Analysis, Three Statement Operating Model, Investment Thesis, Financial Modeling, Portfolio Analysis, Mergers & Acquisitions (M&A), Valuation Modeling, Due Diligence, Cash Flow Modeling, Economic Value Added, Quantitative and Statistical Analysis
  • 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: Equity Research, Financial Statement Analysis, DCF Valuation, Valuation, Valuation Multiples, Valuation Modeling, Equity Valuation, Financial Modeling, Comparable Company Analysis, Three Statement Operating Model, Revenue & Expense Projections, Cash Flow Forecasting, P&L Forecasting
  • 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: Financial Planning & Analysis (FP&A), Budgeting, Financial Modeling, DCF Valuation, Pricing Analysis, Five-year Projections, Revenue & Expense Projections, Accounting Consolidation
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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