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

Yiannis Ritsios, CFA

Finance Expert

Location
Athens, Central Athens, Greece
Toptal Member Since
February 11, 2019

Yiannis is an experienced investment professional who manages 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 create value and sustainable growth.

Yiannis is available for hire
Hire Yiannis

Career Highlights

Finance Expert
European Commission
Managing Director | Member of the Board
NBG Asset Management Luxembourg
Head of Discretionary Asset Management
National Bank of Greece Asset Management

Education

Executive Course in Global Investments
INSEAD
Master of Business Administration (MBA) Degree
Imperial College London
Master's Degree
Imperial College London

Select Certifications

Chartered Financial Analyst (CFA)
CFA Institute

Industry Expertise

FinanceHealthcare ServicesFood & BeverageEngineering SoftwareFinancial SoftwareTelecommunicationsTelephony & WirelessFinancial Modeling

Other Expertise

Equity InvestmentFinancial ModelingFinancial Planning & Analysis (FP&A)Investment Portfolio ManagementMergers & Acquisitions (M&A)StartupsValuation

Work Experience

2017 - PRESENT

Finance Expert

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, Fintech, Project Evaluation, Startup Funding, Healthcare Services, Financial Markets, Investment Manager, Financial Statements, Chartered Financial Analyst (CFA), Pitch Decks, Business Models, CFA Level 3, Security Analysis, Cash Flow Forecasting, P&L Forecasting, Budgeting, Business Planning, CFO, Financial Forecasting, Investor Presentations, Investment Cases, Investment Thesis, Business Plan Consulting, Startups, Strategy, Accounting, Financial Analysis, ROI, Cash Flow Modeling, Business Strategy
2013 - PRESENT

Managing Director | Member of the Board

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, Valuation, Asset Allocation, Financial Markets, Equity Valuation, Investment Manager, Luxembourg, Financial Statements, Chartered Financial Analyst (CFA), RiskMetrics, Pitch Decks, Asset Management, CFA Level 3, Equities, Security Analysis, Profitability Analysis, Cash Flow Forecasting, P&L Forecasting, Accounting Consolidation, Project Evaluation, Business Planning, Investment Funds, Investments & Risk Management, Investments, Financial Forecasting, Financial Reporting, Stock Market, Three-statement Modeling, Portfolio Management, Equity Markets, Volatility, Economic Value Added, Valuation Multiples, Investment Analysis, Shareholder Value, Investor Presentations, Investment Cases, Investment Thesis, Performance Attribution, Alternative Investments, Business Plan Consulting, Bonds, Investment Ideas, Valuation Modeling, Waterfall Modeling, Fund Accounting & Administration, Equity Investment, CIO, Strategy, Leadership, Product Development, Financial Analysis, ROI, Cash Flow Modeling, Investment Return Scenario Analysis, IRR, Business Strategy
2010 - PRESENT

Head of Discretionary Asset Management

National Bank of Greece Asset Management
  • Managed EUR 800 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 systematic investment strategies based on valuation, factor analysis, trend following, and risk parity using Excel, VBA, MATLAB, and R.
  • Worked on M&A projects, conducted due diligence and valued companies; analyzed business models, growth drivers, and financial statements; built financial models; and projected P&L and cash flow. Valued the companies using DCF and comparables.
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 Modeling, Equity Research, DCF Valuation, Valuation, Comparable Company Analysis, Investment Portfolio Management, Asset Acquisition, Investment Research, Forecasting, Asset Allocation, Financial Markets, Equity Valuation, Investment Manager, Finance, Financial Statements, Chartered Financial Analyst (CFA), RiskMetrics, Pitch Decks, Asset Management, Hedge Funds, Business Models, CFA Level 3, Portfolio Optimization, Equities, Security Analysis, Profitability Analysis, Cash Flow Forecasting, Investor Relations Consultant, Financial Management, Business Planning, Stock Trading, Investment Funds, Investments & Risk Management, Investments, Investment Strategy, Quantitative Modeling, Financial Forecasting, Equity Research Analysis, Stock Market, Portfolio Management, Equity Markets, Volatility, Valuation Multiples, Investment Analysis, Shareholder Value, Investor Presentations, Investment Cases, Performance Attribution, Technology, Alternative Investments, Wealth Management, Bonds, Investment Ideas, Waterfall Modeling, Fund Accounting & Administration, Equity Investment, Quantitative Finance, Quantitative Risk Analysis, Trading, CIO, Strategy, Leadership, Product Development, Financial Analysis, Investment Banking, ROI, Investment Return Scenario Analysis, IRR, Stock Analysis, Business Strategy
2008 - 2010

Head of Alternative Investments

National Bank of Greece Asset Management
  • Chose hedge funds (HF) based on qualitative and quantitative analysis. Conducted due diligence on HF manager with on-site visits and interviews in London, Paris, Frankfurt, and Cyprus. Evaluated HF's investment philosophy, strategy, risk, and return.
  • Constructed portfolios of hedge funds with risk and return optimization and higher-order statistics (i.e., skewness and kurtosis) using the AlternativeSoft hedge fund optimizer.
  • Replicated hedge fund returns through econometric and quantitative models using AlternativeSoft.
  • Developed and back-tested systematic investment strategies based on trend following and risk parity and pitched them to the investment committee. Developed the strategies using Excel, VBA, MATLAB, and R.
Focus areas: Hedge Funds, Asset Allocation, Due Diligence, Quantitative Analysis, Systematic Trading, Portfolio Analysis, Portfolio Optimization, Equities, Security Analysis, P&L Forecasting, Stock Trading, Investment Funds, Investments & Risk Management, Investments, Investment Strategy, Quantitative Modeling, Equity Research Analysis, Stock Market, Three-statement Modeling, Financial Modeling, Portfolio Management, Equity Markets, Volatility, Economic Value Added, Investment Manager, Investment Analysis, Investor Presentations, Investment Cases, Asset Management, Investment Thesis, Performance Attribution, MATLAB, Alternative Investments, Investment Portfolio Management, Wealth Management, Bonds, Investment Ideas, Valuation Modeling, Fund Accounting & Administration, Equity Investment, Quantitative Finance, Quantitative Risk Analysis, Trading, CIO, Financial Analysis, ROI, Forecasting, Investment Return Scenario Analysis, Stock Analysis, Business Strategy
2002 - 2008

Portfolio Manager and Investment Analyst

National Bank of Greece Asset Management
  • Headed the buy-side investment research, conducted equity research, constructed equity portfolios, and proposed strategic and tactical asset allocation.
  • Conducted financial statement analyses and company valuation using DCF valuation, residual income, and comparable company analyses.
  • Built detailed financial models for the companies in the investment universe. Analyzed the business model, identified growth drivers, projected revenues, costs, and cash flows, and analyzed profitability, liquidity, and economic added value.
  • Constructed risk-return and optimized equity portfolios by blending fundamental expected returns and risk metrics to derive efficient portfolios using MATLAB and VBA.
  • Co-managed AuM of EUR 270 million of the major Greek state pension funds, investing in Greek equities and government bonds with a well-proven track record of outperforming the benchmark.
  • Prepared requests for proposals (RFPs) and pitched them to prospective institutional clients.
Focus areas: Equity Research, Investment Analysis, Business Models, CFA Level 3, Chartered Financial Analyst (CFA), Portfolio Optimization, Equities, Profitability Analysis, Cash Flow Forecasting, P&L Forecasting, Investor Relations Consultant, Financial Management, Budgeting, Business Planning, Stock Trading, Investment Funds, Investments & Risk Management, Investments, Investment Strategy, Quantitative Analysis, Quantitative Modeling, Financial Forecasting, Financial Reporting, Equity Research Analysis, Stock Market, Three-statement Modeling, Financial Modeling, Portfolio Management, Equity Markets, Volatility, Economic Value Added, Valuation Multiples, Investment Manager, Investor Presentations, Investment Cases, Asset Management, Investment Thesis, Food & Beverage, Performance Attribution, MATLAB, Technology, Luxembourg, Portfolio Analysis, Alternative Investments, Investment Portfolio Management, Business Plan Consulting, Mergers & Acquisitions (M&A), Wealth Management, Bonds, Investment Ideas, Valuation Modeling, Waterfall Modeling, Fund Accounting & Administration, Equity Investment, Quantitative Finance, Quantitative Risk Analysis, Trading, CIO, Accounting, Financial Analysis, Investment Banking, ROI, Cash Flow Modeling, Forecasting, Investment Return Scenario Analysis, IRR, Stock Analysis, Business Strategy
1999 - 2002

Equity Research Analyst

P&K Securities (Acquired by National Bank of Greece in 2007)
  • Conducted sell-side equity research, including an industry and company analysis, a financial statement analysis, a DCF valuation, and a comparable valuation.
  • Developed the detailed projections of the 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: Revenue & Expense Projections, Three-statement Modeling, Comparable Company Analysis, Financial Modeling, Equity Valuation, Valuation Modeling, Valuation Multiples, Valuation, DCF Valuation, Equity Research, Investment Research, Forecasting, Asset Allocation, Financial Markets, Finance, Financial Statements, Chartered Financial Analyst (CFA), RiskMetrics, Pitch Decks, Business Models, CFA Level 3, Portfolio Optimization, Equities, Security Analysis, Profitability Analysis, P&L Forecasting, Accounting Consolidation, Investor Relations Consultant, Financial Management, Budgeting, Business Planning, Investment Funds, Investments & Risk Management, Investments, Quantitative Analysis, Quantitative Modeling, Financial Forecasting, Financial Reporting, Equity Research Analysis, Stock Market, Portfolio Management, Equity Markets, Volatility, Economic Value Added, Investment Manager, Investment Analysis, Shareholder Value, Investor Presentations, Investment Cases, Asset Management, Investment Thesis, Food & Beverage, Performance Attribution, MATLAB, Technology, Portfolio Analysis, Investment Portfolio Management, Business Plan Consulting, Mergers & Acquisitions (M&A), Wealth Management, Bonds, Investment Ideas, Waterfall Modeling, Equity Investment, Quantitative Finance, Accounting, Financial Analysis, Investment Banking, ROI, Cash Flow Modeling, Investment Return Scenario Analysis, IRR, Stock Analysis, Business Strategy
1997 - 1999

Financial Analyst

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 models for the potential acquisition of breweries in south-eastern Europe.
  • Developed and restructured the financial analysis and reporting models, using advanced financial modeling with excel and VBA coding.
Focus areas: Revenue & Expense Projections, Five-year Projections, Price Analysis, DCF Valuation, Financial Modeling, Budgeting, Financial Planning & Analysis (FP&A), Forecasting, Three-statement Modeling, Valuation, Food & Beverage, Equity Valuation, Finance, Financial Statements, Retail & Wholesale, Business Models, Chartered Financial Analyst (CFA), Equities, Security Analysis, Accounting Consolidation, Project Evaluation, Financial Management, Business Planning, Financial Forecasting, Financial Reporting, Netherlands, Business Plan Consulting, Mergers & Acquisitions (M&A), Accounting, Financial Analysis, ROI, Cash Flow Modeling, Investment Return Scenario Analysis, IRR, Business Strategy

Education

2006 - 2006

Executive Course in Global Investments in Global Investments

INSEAD - Fontainebleau, France

2000 - 2000

Postgraduate Certificate in Asset Management and Financial Engineering in Financial Asset Management and Engineering (FAME)

Swiss Finance Institute, University of Lausanne - Lausanne, Switzerland

1993 - 1994

Master of Business Administration (MBA) Degree in Finance

Imperial College London - London, UK

1992 - 1993

Master's Degree in Electrical Engineering (Communications & Signal Processing)

Imperial College London - London, UK

1986 - 1992

Bachelor's Degree in Electrical Engineering

Aristotle University of Thessaloniki - Thessaloniki, Greece

Certifications

MARCH 2009 - PRESENT

Passed CAIA Level I Exam

CAIA Association

SEPTEMBER 2004 - PRESENT

Chartered Financial Analyst (CFA)

CFA Institute