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| 45 |KONSTANTINOS XANTHISInvestmentFundsin CyprusHEAD WEALTH MANAGEMENT OPERATIONS, EUROBANK CYPRUSPhoto by TASPHOCyprus has been investing for years in building an economybased on the provision of top-quality services and itcontinues to be one of the leading jurisdictions used byinternational businesses and High Net Worth Individuals asa base to manage their investments into Europe and othermarkets. In this context, Cyprus has built an advanced andsophisticated financial services sector and, more specifically, an InvestmentFunds sector, which is fully aligned and compliant with the internationalstandards set by the European Union and other international organizations.Despite the difficulties of the financial crisis and the challengesbrought about by the COVID-19 pandemic, the Cyprus InvestmentFunds sector exhibits a strong momentum, with business and investmentsflowing in from many regions of the world, including Europe,Asia and the Middle East.There is no doubt that Cyprus is evolving into a strategic European Unionfinancial centre for setting up investment funds and asset managementcompanies. In less than a decade, it has managed to become an internationalprivate equity hub, facilitating investment across many industries includingshipping, loan origination, real estate and energy, etc., while also growing asa centre for wealth management and an ideal family office destination forHigh Net Worth Individuals investing in financial assets worldwide.Eurobank Cyprus has not only followed this trend as Cyprus’ favouredbank for wealth management and other specialized financial services but hasalso invested in and actively pursued the development of the InvestmentFund Services business by establishing its own investment funds (ERBFunds V.C.I.C. Plc) and has built dedicated teams, systems and relationshipswith local and global players to promote and best serve Cyprus-basedinvestment funds and its ecosystem.Our Fund Services offering for investment funds includes banking andglobal market access for trading, as well as Global Custody/Depositaryand other facilities. The said services are well-designed and priced with awell-rounded understanding of the Investment Fund market, focusing oninvestor protection and soundly facilitating a wide range of fund structuresand complex investment strategies.We are proud to have become the market leader and key Fund Services Providerin Cyprus, cooperating with renowned international Fund managers,as well as the majority of local Fund managers and Fund Administrators,serving more than 100 licensed Investment Funds with AUMs in excessof €3.6 billion, which represents more than 45% of Cyprus-based Funds’asset value.Our successes and continuous progresses derive mainly from our people,who are the fundamental element of our organization and who, aside fromtheir professionalism, comprehensive knowledge of the regulatory frameworkand carefully chosen best market practices, exercise a client-centricapproach to providing services. This combination of expertise and a client-centredperspective is key in helping us foster longstanding professionalrelationships, while retaining a competitive advantage over other FundServices providers.Through our upcoming new IT platform, in particular, we will improveour clients’ experience with the Bank and further automate our operations,providing quality, efficient, cost-effective and highly competitive services forthe most demanding business and investor needs.We greatly value our clients’ and associates’ trust and loyalty and we wishto reiterate our commitment to continuing to work closely together as partners,to further develop our Fund Services offering, expanding the necessaryfacilities and tools to enable them to achieve their objectives in the bestpossible way.It is ultimately through mutually beneficial relationships with our clientsand associates that we aim to continue supporting the growth of our businessand the Investment Fund market in Cyprus.THE CYPRUS INVESTMENT FUNDSSECTOR CONTINUES TO EXHIBIT STEADY GROWTH,WITH BUSINESS AND INVESTMENTS FLOWINGIN FROM MANY REGIONS OF THE WORLD
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10 TH ANNIVERSARYINTERNATIONAL INVE
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OBJECTS OF DESIRE | 103 |InspiringC
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