THURSDAY, 26 APR 2018

 

CONNECT

Facebook Linked In Twitter
PwC_12/04-25/04_728x90px
GloriaJeans_266x90px
IMH LTD

Kalogerou: Cyprus is an Ideal Destination for Startups and Tech Companies

CIBA Appoints Doxia Nikia as New President

IMH LTD
PwC_12/04-25/04_468x60px

SERVICES

brought to you by Barclays

EFG Bank (Luxembourg) Cyprus Branch to Provide Depositary Services to Cyprus AIFs

EFG Bank (Luxembourg) Cyprus Branch to Provide Depositary Services to Cyprus AIFs

On the 5th July 2017, EFG Bank (Luxembourg) SA - Cyprus Branch was informed by the Central Bank of Cyprus on the extension of its branch activities to provide custody/depositary services in accordance with Article 39 of the Directive 2013/36/EU following the notification received on 16th June 2017 by the Commission de Surveillance du Secteur Financier of Luxembourg (CSSF).

Following CSSF and Central Bank approvals and by capitalizing on the experience, systems and processes of EFG Group, EFG Bank (Luxembourg) S.A  - Cyprus Branch will commence immediately offering AIFMD compliant depositary services to Cyprus AIFs. 

EFG Bank (Luxembourg) SA - Cyprus Branch is part of EFG International, a global private banking and asset management group headquartered in Zurich, Switzerland, and that has operations in around 40 locations worldwide. EFG International’s registered shares (EFGN) were listed on the SIX Swiss Exchange on 7 October 2005 (4th biggest listing) and it is currently rated by Moody’s with an A3 rating and by Fitch with an A rating.

EFG Bank (Luxembourg) SA - Cyprus Branch has offices in Nicosia and Limassol, whereas the Fund Services are located at its Nicosia office , 23 Kennedy Avenue, GLOBE HOUSE, (tel: +357 22 025903).

The Country Manager of the Cyprus Branch Costas Stylianou stated that the extension of the Cyprus Branch for the provision of depositary services shows the support of EFG Group in the emerging Cyprus Fund industry, whereas the Manager responsible for the provision of Fund services in Cyprus, Constantinos Papanastasiou, stated that EFG Bank is the first international investment grade organization offering AIFMD compliant depositary services in Cyprus.

 

MORE ON SERVICES

EY: Global M&A Appetite Remains Healthy Despite Geopolitical Uncertainty

Despite deal levels above their pre-financial crisis highs in 2007, ...

InterTrader Partners with Point Nine for Reporting and Regulatory Requirements

One of the industry leaders in financial technology, Point Nine, has partnered with ...

Point Nine Organises Second Annual Conference in Limassol

PwC Cyprus participates in the Second Annual Conference organised by Point Nine, titled ...

FROM AROUND GOLDNEWS

   

Pilides: Ship Financing a Drive for Further Development of Cyprus Maritime Cluster

We foresee ship financing as another drive to further develop our maritime cluster, particularly in view of the new opportunities arising in Cyprus following ...
   

WhatsApp to Raise Minimum Age Limit to 16 in EU

Popular messaging service WhatsApp is banning under-16s from using its platform in the European Union, the BBC reports. Users must currently be at least ...
   

Cyprus Business Show 2018

Nicosia Chamber of Commerce and Industry (NCCI) and IMH are organizing for the first time the “Cyprus Business Show 2018: The Start-up, Franchise, ...
   

Boohoo Beats Forecasts With 40% Jump in Profit

British online fashion retailer Boohoo on Wednesday 25 April beat forecasts with a 40 percent rise in 2017-18 profit, driven by a jump in revenue on rising ...
   

Google Overhauls Gmail to Lure Businesses Away From Microsoft

Alphabet Inc’s Google unveiled on Wednesday 25 April its first Gmail redesign since 2013, capping what the company says was an expensive overhaul two ...
   

Kalogerou: Cyprus is an Ideal Destination for Startups and Tech Companies

Cyprus comprises a safe, liable and competitive destination for startups and tech companies aiming for a global outreach, and is fully implementing relevant ...
   

DP World Limassol Promotes Cruise Tourism

With the aim of promoting Cyprus as an attractive tourist destination and boosting cruise tourism, DP World Limassol will host leading cruise sector executives ...
   

CIBA Appoints Doxia Nikia as New President

The Cyprus International Business Association (CIBA) announces that Doxia Nikia, Director of D.D. Fidelity Associates Ltd, has been appointed as their new ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
Gold_Digital_Edition_300x250px

IMH LTD