Bringing you live news and features since 2006 

EFG International enhances presence in Cyprus

RELATED TOPICS​

Having received the necessary regulatory licences from the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus (CBC), EFG Cyprus Limited, a new subsidiary investment firm of EFG Private Bank (UK) Limited based in Nicosia, and a new Representative Office of EFG Private Bank (UK) Limited based in Limassol, are expected to be fully operational by early February 2021.

EFG International says its enhanced presence in Cyprus will lay the foundation for increasing its exposure to markets with long-term growth potential. The new operations will be overseen by Demetris Pisiaras, Market Head for Cyprus at EFG Private Bank (UK) Limited and Chair of the new subsidiaries. Pisiaras has been with EFG since 2002 and is a seasoned private banking professional with extensive experience in the region. He has successfully built a team of Client Relationship Officers with in-depth market and investment expertise, resulting in strong growth momentum in Cyprus which will be further supported through the setup of the two new entities.

Richard Thomas, Head of UK Region of EFG International, says: “The opening of our offices in Cyprus will allow us to expand our international reach and to maintain a greater proximity to our local client base following the UK’s departure from the European Economic Area. Our distinctive value proposition combined with our extensive in-house products and service offering enables us to provide comprehensive financial solutions and advice to our clients in Cyprus. A select number of UK Client Relationship Officers have been certified in Cyprus to provide investment services to ensure our London-based Cypriot market expertise continues to drive growth in the region.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by