Iacovos is a qualified chartered accountant with over 35 years of experience in the financial services sector.
He had previously spent 16 years at Bank of Cyprus UK, first as a chief financial officer before becoming chief executive.
At Bank of Cyprus he led the transformation and modernisation of the bank and oversaw the broadening of its deposit base.
He has also served as the corporate finance director and group finance director at Ansbacher investment banking group.
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Iacovos, who gained his accounting qualification at KPMG, is currently a financial strategic consultant serving on the boards of companies including NETinfo PLC and SME Markets Limited.
Ravi Takhar, chief executive officer of Orchard Funding Group, said: "We are pleased to welcome Iacovos to the board.
“With his banking and financial experience, Iacovos will be able to help the company in exploring options for further development of the business, which may include seeking a banking licence to broaden the company's funding base."
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