Dr. Ioannou was born in Limassol in 1958. He studied Political Economics at the University of West Berlin, holds a Ph.D. in Political Economy and was a lecturer at the Institute of Sociology at Free University Berlin for 2 years. From 1984 to 1990 he worked at Dresdner Bank AG in Germany. Subsequently, he worked at Bank of Cyprus as the Head of the International Division until 2006. From 2006 to 2017 he was the General Manager of the Limassol Cooperative Savings Bank, while from February 2017 until August 2018 he was the Director of the International Affairs Department of the Cooperative Cyprus Bank. He was a lecturer at the Cyprus University of Technology (TEPAK) in the field of Finance from 2016 until 2020. Since 8/2020 he is the Managing Director of Demetra Holdings Plc. He served as a member of several Board of Directors and since 2019 he is a member of the Board of Directors of Lordos Hotels (Holdings) Public Ltd., and Golden Coast Ltd (Chairman).