The family’s largest holding is the private banking group EFG Bank European Financial Group in Luxembourg. The Latsis family fortune, managed by Spiro Latsis, includes more than 42% in Hellenic Petroleum, a major petroleum player in Southern Europe, through its ownership of Paneuropean Oil and Industrial Holdings S.A.. The Latsis group also controls Lamda Development, a real estate group based in Athens. Lamda Development projects include The Mall Athens, which opened in 2005, and Golden Hall Mall, also in Athens. Latsis also started PrivateAir, a jet charter service with over 50 planes in its repertoire serving affluent European and American travelers, and which he has since sold. He is the second wealthiest Greek alive.