Aristotelis mistakidis biography sample
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L Stone pediatrics
University of Virginia Health System; Charlottesville, VA
United States of America
Dr.
Matthew pediatrics
University of Virginia Health System; Charlottesville, VA
United States of America
Dr. He became a billionaire following Glencore's massive IPO in 2011, which made many of its top partners incredibly wealthy. The world’s biggest commodity trader, which is also facing a corruption probe by the U.S.
Department of Justice, said it had taken remedial actions in response to the conduct.
Breakdown of penalties and bans:
Gallagher: C$950,000 penalty and six-year ban. He rose through the ranks to become the head of its copper trading department, one of the company's most important and profitable divisions.
Mistakidis became known as the "king of copper" for his dominant and influential role in the global copper market.
L Stone Matthew pediatrics
University of Virginia Health System; Charlottesville, VA
United States of America
Dr. Jeffrey Best: C$750,000 penalty and four-year ban. Matthew Colwill: C$350,000 penalty and two-year ban. R Sameh
pediatricsKing Abdul Aziz University
United Arab Emirates
Dr.
R Ismail, pediatrics
King Abdul Aziz University
United Arab Emirates
Sameh R Ismail,
pediatricsKing Abdul Aziz University
United Arab Emirates
Dr. Katanga’s former Chief Financial Officer Jacques Lubbe: C$550,000 penalty and four-year ban. That will allow operations to be managed more effectively, they both said.
Glencore is “disappointed by the conduct that has led to today’s settlement,” it said in a statement.
These moves, along with key trading deals that secured supply chains and market positions, solidified Glencore's dominance in non-ferrous metals.[3]Mistakidis's tenure from 1993 to 2018 played a pivotal role in Glencore's growth into a global leader in metals trading and production, particularly copper, which accounted for a substantial portion of the company's revenue.[13] His leadership contributed to the 2011 initial public offering, which valued the firm at over $60 billion and elevated partners like himself to billionaire status through substantial shareholdings.[14] By integrating trading expertise with mining assets—exemplified by the Xstrata merger that added major copper operations—Mistakidis helped transform Glencore into a powerhouse controlling key segments of the non-ferrous metals market.[3]
Departure and Transition
In December 2018, Glencore announced that Telis Mistakidis, its long-serving head of copper marketing, would retire from the role effective at the end of the year.[15] This decision occurred amid heightened regulatory scrutiny and legal challenges facing the company, including U.S.investigations into potential corruption in its African operations and internal reviews of compliance issues.[16] Mistakidis, who had joined Glencore in 1993 and played a pivotal role in establishing its dominance in copper trading, was succeeded by Nico Paraskevas, previously the chief financial officer of Glencore's Katanga Mining unit.[15]At age 56, Mistakidis's departure signaled the beginning of a generational shift at Glencore, part of a broader management reshuffle as the firm navigated pressures from regulators and evolving market dynamics.[17] He retained a substantial equitystake in the company, valued at around £1.2 billion at the time, which formed a cornerstone of his accumulated wealth from the 2011 IPO and subsequent performance.[17]Post-retirement, Mistakidis adopted a notably lower profile, avoiding media engagements and shifting away from operational leadership after over two decades in the high-intensity world of commodities trading.[18] This transition reflected discussions that had been ongoing for some time, allowing him to step back from the intense scrutiny associated with Glencore's challenges.[16]
Business Interests and Investments
Stakes in Mining and Metals Companies
Following his tenure at Glencore, where he accumulated significant wealth through performance-related incentives, Telis Mistakidis held an approximately 3.5% stake in the company, which was valued at several billion pounds at its peak.[8] Between late 2022 and early 2023, Mistakidis sold his entire holding in Glencore for an estimated €2.38 billion, capitalizing on the stock's high valuation prior to a subsequent decline.[19]Mistakidis served as a non-executive director at Katanga Mining Ltd., a major copper producer in the Democratic Republic of Congo, from January 2008 to November 2017, during which he acted as a Glencore nominee and contributed to oversight of the company's operations and disclosures.[12] His involvement included significant influence on board decisions related to copper production and risk management in challenging jurisdictions, though he resigned following an internal review of historical accounting practices that led to regulatory scrutiny by Canadian authorities.[20] In 2018, as part of a settlement with the Ontario Securities Commission, Mistakidis was fined $2.45 million and banned from directorships for four years for failing to ensure proper disclosure of operational risks at Katanga, highlighting the complexities of metals production in politically unstable regions.[21]Since departing Glencore in 2018, Mistakidis has chaired Portovesme SRL, an Italian smelter specializing in zinc and lead production located in Sardinia and wholly owned by Glencore.[9] In this role, he has guided strategic initiatives at the company.[22]Other Commercial Ventures
Following his departure from Glencore in 2018, Telis Mistakidis has pursued a strategic shift toward investments in Greek and European financial and shipping sectors, leveraging his substantial wealth derived from Glencore shares.[1][17]In 2021, Mistakidis, who controlled a 3% stake in Piraeus Bank, Greece's second-largest lender, invested €40 million alongside U.S.investor John Paulson in a capital raise that strengthened the bank's position amid economic recovery efforts, resulting in approximately 3% ownership post-investment.[1][23] This move marked his initial foray into Greek banking, reflecting optimism about the sector's post-crisis stabilization.[24]Mistakidis expanded his shipping-related interests in 2021 by becoming a significant shareholder in Union Maritime, a UK-based shipowner focused on tankers and bulkers, partnering with the company's founders to support its fleet growth into ocean-going vessels.[25][26] By October 2024, he deepened this involvement through a joint venture with Union Maritime's Tankers Holdco, co-owning newbuild tankers and emphasizing sustainable shipping technologies like wind-assisted propulsion.[27]In April 2024, Mistakidis entered the financial sector more prominently by acquiring a 48% stake in Aegean Baltic Bank (ABB), a specialized Greek lender to the shipping industry, from the Afthonidis family; the deal, valued at an undisclosed amount, granted him effective control of 68% of the institution following regulatory approvals finalized in February 2025.[5][28][6] In July 2025, he appointed a new chief executive for ABB.[29] Under his ownership, ABB has grown its shipping loan portfolio to $420 million by mid-2025, positioning it as a key player in Greece's maritime finance amid surging sector lending.[30] This acquisition underscores Mistakidis's focus on Greece's economic rebound and its dominant shipping industry, distinct from his prior commodities trading background.[31]
Personal Life and Philanthropy
Family and Residences
Telis Mistakidis is married and has one child.[1]He primarily resides in Zug, Switzerland, a location that aligns with his business interests in the region.[1] In 2015, Mistakidis acquired a luxury duplex apartment in London's Belgravia district for over £46 million, designed by architect Lord Foster, marking one of the UK's largest public property transactions at the time.[32]Mistakidis maintains a notably private lifestyle, avoiding public media appearances and keeping details of his personal life out of the spotlight.[1] He holds dual Greek and British citizenship, reflecting his Greek heritage and long-term ties to the United Kingdom.[1]Philanthropic Contributions
Telis Mistakidis maintains a low public profile in his philanthropic activities, with contributions focused on education and community development in Greece.In 2021, Mistakidis and his wife, Sandra, announced the largest single-donor gift in Anatolia College's history, fully funding the construction of the Kassandra Center for Educational Excellence in Thessaloniki.[33] This state-of-the-art facility, which includes expansions to the college's dormitory to accommodate more Greek and international students, aims to advance innovative teaching, educator training, and 21st-century learning skills, reflecting the couple's conviction that education drives substantial societal progress.[34] The Mistakidis family's involvement underscores their personal ties to the institution, as Telis's father and Sandra are alumni of Anatolia College.[35]In June 2025, Mistakidis reached an agreement with PAOKSports Club to personally fund the construction of the new Toumba Stadium in Thessaloniki, valued at €250 million, a project designed to enhance local sports infrastructure and foster community development in the area.[36][37] This commitment aligns with his support for the club.[36] The agreement faced immediate controversy, as PAOK's major stakeholder Ivan Savvidis stated it was announced without his knowledge.[38]sanctions last year.
Glencore is set to have a greater involvement in Katanga, with the companies planning to enter into a management agreement early next year. Sameh R Ismail, pediatrics
King Abdul Aziz University
United Arab Emirates
Dr. His tenure at Glencore ended in 2018 when he retired amidst regulatory scrutiny of the company's copper mining operations in the Democratic Republic of Congo.
William pediatrics
Maimonides Medical Center
United States of America
A ristotelis Mistakidis, often known as "Telis," is a commodities trading tycoon who made his fortune during a long and storied career at Glencore, the world's largest commodities trader. Matthew L Stone pediatrics
University of Virginia Health System; Charlottesville, VA
United States of America
Dr.
Glencore billionaire among directors banned, fined by Canada
Glencore Plc’s billionaire head of copper trading, Aristotelis Mistakidis, was among executives fined and banned from being a director by Canada after admitting that its Congolese copper and cobalt unit misstated how much metal it mined.
Mistakidis, who is retiring from Glencore at the end of this year, was hit with a C$2.45 million ($1.8 million) fine and a four-year director ban in Ontario at a public hearing on Tuesday by Canada’s Ontario Securities Commission.
Katanga has paid a penalty of C$28.5 million and costs of C$1.5 million.
Katanga’s shares rose 1.8 percent in Toronto, rebounding from earlier losses. Other Katanga Mining Ltd. directors including Liam Gallagher and its chief executive officer, Johnny Blizzard, were also sanctioned.