TUESDAY, 25 JUL 2017

 

CONNECT

Facebook Linked In Twitter
EmbassyUkraine_04/05-06/08_728x90px
GloriaJeans_266x90px
IMH LTD

Lakkotrypis: Cyprus' Best Answer to Turkish Provocations is to Continue with Energy Plans

Anastasiades to Receive UN Envoy in Cyprus

IMH LTD
MTN_07/07-10/04_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

Coop Central Bank Reduces Branches to 160

The unitary Coop bank will be composed of seven regional managements after the completion ...

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 ...

Hellenic Bank Appoints Lars Kramer to the Board of Directors

Hellenic Bank Public Company Ltd announces the appointment of Lars Kramer as an Executive ...

FROM AROUND GOLDNEWS

   

Cyprus and Turkey among Cheapest Holiday Destinations in Europe

The Post Office Family Holiday Report is based on a ‘beach barometer’ – a look at 12 different seaside extras that families are likely ...
   

Paphos Experience the Best Summer Season

Hotels in Paphos say they are experiencing the busiest tourist season ever, and for the first six months of the year, visitor numbers have broken all previous ...
   

New Law for Payment of Tax Arrears by Instalments Comes Into Effect

The Process of Adjustment of Tax Arrears Law 2017 establishes a procedure for settling tax arrears by monthly instalments. It covers  all nationally ...
   

Leptos Adonis Beach Villas in Paphos

“Adonis Beach Villas”, is an exclusive modern and luxury beachfront development, by Leptos Estates. It is located just a short drive from Paphos ...
   

Anastasiades to Receive UN Envoy in Cyprus

UN Secretary General’s Special Advisor on Cyprus Espen Barth Eide will be received today, June 24, by Cyprus President Nicos Anastasiades, the first ...
   

Anastasiades Announces New €70M Projects for Larnaca

President Anastasiades has announced a series of new projects for the Larnaca District with the estimated value amounting to 70.5 million euro. The ...
   

Lakkotrypis: Cyprus' Best Answer to Turkish Provocations is to Continue with Energy Plans

The best answer that the Republic of Cyprus can provide for Turkey’s provocations is to continue and complete its energy plans, stated Energy Minister ...
   

Cyprus MPs to Attend World Hellenic Interparliamentary Union Meeting in Athens

Members of the House of Representatives have departed for Athens to take part in the 11th General Assembly of the World Hellenic Interparliamentary Union ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
Gold_Issue_300x250px

IMH LTD