Greek Banker Devised Formula for Libor, Headed London Operations of U.S. Firms


Starting in the 1960s, U.S. financiers seeking to do business in Europe and the Middle East often turned for advice to a tall, elegant Greek, Minos A. Zombanakis.

Mr. Zombanakis, who died Dec. 22 at the age of 92, was a pioneer in the so-called Euromarkets, a means of tapping the billions of dollars and other currencies held outside their countries of origin. Mr. Zombanakis and other bankers used those funds to package loans and bond issues for companies and nations. He was widely credited with originating the London interbank…



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