Board of Directors

The people of B2KAPITAL are the cornerstone of its successful operations, being a source that creates value and develops the skills that ensure our competitive edge in what we do.


Our key principles include meritocracy, transparency and equal opportunities. The selection, the training and the development of our people are based both on our business needs, as well as on the values and the vision of B2KAPITAL.


B2KAPITAL is governed by the following Board of Directors:


Olav Dalen Zahl (Chairman) 

Rakis Christoforou (Managing Director)

George Christoforou (Non-executive member)

Kyriakos Riris (Non Executive Member)

Paris Themistokli (Compliance Officer,Executive Member)


Mr. Olav Dalen Zahl is the Group Chief Executive Officer since 2006. With a heavy background in banking, Mr. Zahl has held positions of increased responsibility in financial institutions, before becoming CEO at Sperenbanken NOR in 1996. Mr. Zahl holds a M.Sc. (Econ) from Norges Handelshoyskole NHH.

Olav Dalen Zahl


Banking professional with more than 25 years’ combined experience in the Banking and Accounting professions. Mr. Christoforou held various managerial positions at the Bank of Cyprus during the period between 1992 and 2013. In 2016 he was appointed Head of The Corporate Division of The Cooperative Central Bank. He is a Certified Public Accountant (CPA), Accredited in Business Valuation (ABV) and Certified in Financial Forensics (CFF). Mr. Christoforou also served as Vice Chairman of the The Economic Crime & Forensic Accounting Committee of the Institute of Certified Public Accountants of Cyprus (2012-2014).

Rakis Christoforou

Managing Director

Finance professional with a large tenure as an insolvency practitioner. George Christoforou has accumulated an all-around operational and financial restructuring experience and has managed several Corporate Finance and Turnaround projects while being a Senior Manager of Kantor Management Consultants CFA team. He possesses a deep understanding of the Banking industry, having served for almost 2 years as Sanctioning Manager in Greece and for almost 7 years as CEO for the Bank of Cyprus in Romania. Following his tenure in the banking system, he acquired solid experience in Portfolio Reviews and participated as Advisor in the sale tenders of significant portfolios in Greece and Romania. In parallel, he had advised certain Banks during the Asset Quality Review project of the four systemic institutions in Greece (ECB stress test), while subsequently managed the Loans Portfolio Review of the Cooperative Banks of Greece. Ηe also led the portfolios’ recoveries in the Greek Special liquidation entity as a General Manager. He holds a BSc and MSc from the City University (London) and an MBA from the London Business School.

George Christoforou

Non-executive member

Kyriacos Riris has been a member of various Boards, as a non-executive Director, since March 2015 whereas in October 2018 he was appointed to the BoD of B2Kapital Cyprus Ltd. From 2009 to 2014, Mr. Riris had served as Chairman of the Board of Directors of PricewaterhouseCoopers (PWC), Greece. From 1998, he has served in a series of positions in PWC, Greece, including those of Senior Partner and Managing Partner in both Audit and Advisory/Consulting. Prior to its merger with PwC, Mr. Riris had been employed at Grant Thornton, Greece, where in 1984 he became a Partner. From 1976 to 1982, he was employed at Arthur Young, Greece. Mr. Riris holds a degree from Birmingham Polytechnic (presently Birmingham City University) and completed his professional qualifications with the Association of Certified Chartered Accountants (ACCA) in the UK in 1975, becoming a Fellow of the Association of Certified Accountants in 1985.

Kyriakos Riris

Non-executive member

A Financial Services professional with over 20 years’ experience in the Banking and Investment sectors; Mr. Themistokli has held various managerial positions in Investment Firms and has worked in a multitude of different banking posts, including the NPL divisions of both the Emporiki and Alpha Banks in Cyprus. Paris Themistokli holds a BSc in Accountancy and an MSc in Shipping, Trade & Finance from Cass Business School of the City of London University.

Paris Themistokli

Compliance Officer, Executive Member