Facebook Linked In Twitter

US Invests $280bn In High Tech To Compete With China

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout



Ioannis Matsis Is The New Chairman of Invest Cyprus

Ioannis Matsis Is The New Chairman of Invest Cyprus

Former Hellenic Bank CEO Ioannis Matsis has been named as the new Chairman of Invest Cyprus, the country’s investment agency.

Matsis replaces Michalis P. Michael, who was recently made Chairman of the Board of Directors of the Cyprus Broadcasting Corporation (CyBC).

Matsis was born in 1969. He graduated from the English School in Nicosia and studied Chemical Engineering (B.A., M.Eng.) at the University of Cambridge in the United Kingdom.

Between 2008 and April 2017, Matsis was a Partner at Point Nine Limited, which he co-founded in 2008. Point Nine Ltd provides middle and back office outsourcing services and financial software to financial institutions in Europe and United States of America.

Between 1994 and 2008, Matsis worked in the City of London. He was a Managing Director, Global Head of Structured Trading of Mizuho International plc from May 2003 until March 2008, where he built and managed the Structuring and Trading team for credit, interest rate and foreign derivative products. Between June 1997 and May 2003, Matsis was Managing Director, Global Head of Credit Derivative Group at ING Barings. Between September 1996 and June 1997, he was a Vice-President, Structured Products Group at Chase Manhattan. He had started his career in January 1994 at ING Barings.

Matsis was appointed as a Member of the Board of Directors of Hellenic Bank on 24 December 2013. He was the Chairman of the Risk Management Committee and he was also a Member of the Nominations / Internal Governance Committee of the Bank’s Board of Directors.

He was appointed Executive Member of the Board of Directors of Hellenic Bank and Chief Executive Officer of the Group on 24 April 2017, remaining in the position until August 2020.

Matsis is currently President of the Board of Directors of the Cyprus Institute of Neurology & Genetics, while he has in the past been Chairman (and before that member) of the Board of Directors of the Association of Cyprus Banks and a member of the European Banking Federation. Matsis is also a member of the Board of Directors of APS Cyprus Ltd.


Trade Deficit Up By €1.12 Billion In First Half Of 2022, CyStat Data Show

Trade deficit was up by €1.12 billion in the first half of 2022, data released by the ...

Cyprus Stock Exchange Market Capitalisation Of Shares Reached €1.90 Billion In July

The market capitalisation of the shares traded in Cyprus Stock Exchange reached €1.90 ...

Eurostat: Exports In Services In Cyprus Almost At Pre-Pandemic Levels In 2021

EU member states exported services worth a total of 1027 billion euro to countries ...



Epic Invests In Renewable Energy Sources To Battle Climate Change

Epic, as a pioneering company, is investing on green and sustainable development, aiming to the reduction of the company’s ecological footprint and ...

New Residence Permits Reach Pre-Pandemic Levels In Cyprus And The EU, According To Eurostat

New residence permits issued in the European Union, as well as in Cyprus, to non-EU citizens in 2021 reached pre-pandemic levels, according to data on first ...

US Invests $280bn In High Tech To Compete With China

US President Joe Biden has signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research amid fears the country is losing ...

Property Values In Cyprus Continue Upward Trend In Q2 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q2 2022.

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

Greece will be "turning a page in its modern history" as the European Commission confirmed on Wednesday that the country will exit its enhanced ...

PASCAL Schools Join Leading Education Group Globeducate

PASCAL Schools have joined Globeducate, one of the world´s leading K12 education providers, with 55+ premium bilingual and international schools, and online ...

Eurostat: Young Air Transport Workers Most Affected By Pandemic's Impact On Sector

The decline in passengers in air transport as a result of the COVID-19 pandemic had a pronounced effect on younger workers due to staff reductions by airlines ...

Cyprus One Of Few Countries That Implemented Central State Aid And De Minimis Registry

Commissioner for State Aid Control Stella Michaelidou has welcomed the fact that her Office has taken the lead at European level and has been an example for ...