Cyprus: Hourican looks to calm Cypriot storm

By:
Nick Kochan
Published on:

The new chief executive of Bank of Cyprus faces challenges on a scale that perhaps dwarf those he faced when restructuring the investment bank at RBS. Compelled to deal promptly with mounting bad debts, he also has to cope with the local reputational aftermath of the bank’s EU-imposed bail-in. Will his diet of “hard work and heavy lifting” see the bank through its crisis?