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Top 3 Investment Firms in Cyprus

Top 3 Investment Firms in Cyprus

The number of investment firms operating in Cyprus continues to grow, with no fewer than 246 currently licensed by CySEC although, in recent months, 20 of these have either voluntarily renounced their licence (or are in the process of doing so), or had it withdrawn/suspended. Despite the large number of active firms, the three most successful ones are way ahead of the rest, when compared in terms of their total own funds. Using this measure and figures for 2017 from the firms’ websites in accordance with Pillar 3 disclosure requirements, the Top 3 are the following:

 

1. Alfa Capital Holdings (Cyprus) Limited
Total Own Funds: €681,173,000
Risk Weighted Assets $2,485,737,000
Tier 1 Capital ratio 27,4%
 
The firm is a subsidiary of ABH Financial Ltd and part of the Alfa Banking Group, which includes Alfa-Bank, the largest private bank in Russia in terms of total assets, total equity and customer accounts. Alfa Capital Holdings (Cyprus) Limited was incorporated in 1996 and has been licensed by CySEC since 2004. In 2005 it established its Licensed London Branch Alfa Capital Markets. A successful player on the Moscow Exchange (MOEX), a member of the London Stock Exchange, and with access to the Global Markets the Company and its Branch provide investment services to global markets, in a wide range of financial instruments to institutional clients and High Net Worth Individuals, with a focus on Russia and the CIS. Under its Alfa-Forex trading name and brand, it provides electronic trading services to retail and professional clients in a wide range of financial instruments, primarily focused on the FX markets. The Company has successfully participated in several underwriting and placements of financial instruments in the financial markets.
 
 
2. Renaissance Securities (Cyprus) Ltd
Total Own Funds $437,378,000
Risk Weighted Assets $3,246,431,000
Tier 1 Capital ratio 13.47%

 

The Nicosia-based firm operates as a subsidiary of Renaissance Capital Holdings Ltd. Renaissance Capital is a leading emerging and frontier markets investment bank, providing access to over 50 markets across the globe with operations in Africa, Central and Eastern Europe, the Middle East and North America. Founded in 1995, Renaissance Capital is a leading independent investment bank and has built one of the largest Frontier and EEMEA distribution and execution platforms in the world. It was ranked the No.1 Frontier Markets brokerage firm by the Extel Survey in both 2016 and 2017.

Renaissance Securities (Cyprus) Ltd provides investment banking and securities brokerage services. The firm focuses on mergers and acquisitions, equity and debt financing, IPOs and structured finance products. It also provides brokerage and trading services for equity derivatives and structured products, fixed income instruments, exchange traded funds, stock baskets, certificates, warrants, and structured debt and derivatives. 

 

 

3. SIB (Cyprus) Ltd 
Total Own Funds $668.830.000
Risk Weighted Assets $4.586.525,000
Tier 1 Capital ratio 14.58% 

 

The Nicosia-based firm was incorporated in 2001 and operates as a subsidiary of Sberbank Russia OJSC. It was licensed by CySEC to operate as a Cypriot Investment Firm in 2016. It engages in the reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients, dealing on own account, underwriting financial instruments and/or placing financial instruments on a firm commitment basis. It also provides ancillary services, such as safekeeping and administration of financial instruments for the account of clients, that include custodianship and related services, such as cash/collateral management; granting credits or loans to investors that allow to carry out a transaction in one or more financial instruments where the firm granting the credit or loan is involved in the transaction. It carries out foreign exchange services connected to the provision of investment services; and services related to underwriting.  

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