Cyprus is fast becoming one of the top emerging investment fund centers in Europe, offering unique access to high-growth markets. Determined to stay at the forefront of industry developments and continuously upgrading its legislative and regulatory regime, Cyprus has developed into a key regional domicile for setting up investment funds and establishing asset management companies for pan-European reach.
CIFA is organising the “Cyprus Investment Funds Conference – India” to present the key benefits and advantages of the Cyprus funds industry to professionals, businesses and organizations offering services and being involved in the investment funds sector in India. Of particular interest is the recent order issued by India's Ministry of Finance specifying that the Republic of Cyprus is now classified as a "Category I" country for the purposes of Regulation 5 (a) (aiv) of SEBI (Foreign Portfolio Investors) Regulations. The said classification as “Category I Foreign Private Investor” entails significant advantages in the manner in which business is to be conducted between the two countries with reliefs such as simplified Know Your Client (“KYC”) procedures required for business activities, enhanced trading limits and a new ability of Cypriot Funds to invest in Indian ODIs. This development signals new opportunities and creates prospects for further cooperation between the professionals from the two countries specializing in the Funds Industry.
When: Tuesday, 12 October 2021 | 15:00 IST (GMT+5:30) / 12:30 EEST
Where: Digital Event
Free participation, registration essential.
Senior Legal Advisor, Cyprus Investment Funds Association
Nicole Kallasides is a Cyprus-qualified lawyer and currently holds the position of Senior Legal Advisor at CIFA. Among others, her role revolves around pursuing legal research, including comparative legal research on the legal frameworks of other EU jurisdictions, aiming towards the further improvement of the legislative framework of the fund industry in Cyprus. She possesses solid professional experience within the funds industry, since prior to joining CIFA, she worked at the Investment Fund Services Department of a Big 4 Firm, advising clients on the formation, structure, operation and ongoing regulatory compliance matters relating to fund vehicles and fund management companies. She also worked as a lawyer in leading law firms in Cyprus and Brussels where she specialised in financial, corporate and commercial law. Nicole is a holder of an LLM in Commercial Law from the University of Bristol, an LLM LPC in International Legal Practice from the University of Law, UK, and an LLB (Hons) in Law from the University of Leeds.
High Commission of India to Cyprus
High Commissioner Madhumita Hazarika Bhagat is a career diplomat and joined the Indian Foreign Service in 1999. She has been educated in New Delhi and has done her graduation in Political Science(Honours) and followed it with an LLB. High Commissioner Madhumita Hazarika Bhagat began her diplomatic career in the Embassy of India in Moscow, Russia (2001-2004) and thereafter, was posted to Embassy of India in Almaty, Kazakhstan (2004-2006). She subsequently served as Under Secretary on deputation in the Ministry of Commerce, New Delhi (2006-2008) with a stint as Deputy Secretary in the Public Diplomacy Division, Ministry of External Affairs, New Delhi. She was First Secretary in the Embassy of India, Stockholm, Sweden (2008-2011) for Commercial & Economic, Cultural and Information affairs. Later, she joined the Embassy of India, Moscow, Russia (2011-2014) in the capacity of Counsellor, Economic & Commercial and Administration and Culture. She served as the Deputy Chief of Mission in the Embassy of India, Ankara, Turkey (2014-2017). High Commissioner Madhumita Hazarika Bhagat was appointed as India’s first National Coordinator and Joint Secretary for Shanghai Cooperation Organization (June, 2017 - October, 2019). She assumed charge as High Commissioner of India in Cyprus on November 11, 2019.
Chairman, Cyprus Securities and Exchange Commission (CySEC)
Dr. George Theocharides is the new Chairman of the Cyprus Securities and Exchange Commission (CySEC). Previously he served as CySEC’s Vice Chairman since July 2020. As an Associate Finance Professor at the Cyprus International Institute of Management (CIIM) and Director of the MSc in Financial Service Programme from September 2010 until July 2020, he has extensive work experience in the wider financial sector. Prior to joining CIIM, he worked as an Assistant Professor of Finance at the Sungkyunkwan University of South Korea from 2006 to 2010. In 2006, he has also worked as an International Faculty Fellow at the Sloan School of Management of the Massachusetts Institute of Technology (MIT). In the past, he served as a member of the Board of the Cyprus Securities and Exchange Commission a member of the Interim Board of Bank of Cyprus, Chairman of the Board of the Cyprus Blockchain Technologies Ltd, as well as a member of the Board of Directors of the Cyprus -Kuwait Business Association. He also served as the Chairman of the Board of Management of The English School, from July 2016 until July 2020, a member of the Training/HR Committee of the Cyprus Investment Funds Association (CIFA), as well as a non-executive member of the Board of Directors for a number of organisations and companies in the financial services sector. He is also an Associate member of the Chartered Institute for Securities & Investment (CISI) and a Research Associate at the UCL Centre for Blockchain Technologies (UCL CBT). Dr. Theocharides holds a degree of BΕng (Hons) in Electrical Engineering & Electronics from the University of Manchester (U.M.I.S.T.), an MBA from the University of San Diego and a PhD in Finance from the University of Arizona.
CEO, Invest Cyprus
George Campanellas is the Chief Executive Officer of the Cyprus Investment Promotion Agency (Invest Cyprus) and the Vice President of the Cyprus Investment Funds Association (CIFA). He has nearly twenty years of professional experience in Cyprus and abroad, working with the DG Competition in Brussels and directly with the Cypriot Ministers of Health and Energy, Commerce, Industry and Tourism. George has been actively involved in the development of the oil & gas sector in the Cyprus Exclusive Economic Zone, dealing with licensing, exploration and exploitation activities, as well as promoting bilateral and multilateral cooperation at a regional level. Throughout his career, he also had an active role in drafting the regulatory framework and running the relevant licensing procedures for attracting Foreign Direct Investment in sectors of strategic importance and large-scale infrastructure projects, such as the LNG terminal at Vasilikos Energy Center, Cyprus Techno Park, EuroAsia Interconnector and the City of Dreams Mediterranean, Europe’s largest integrated casino resort and Cyprus’ largest FDI project.
Chairman, Cyprus Investment Funds Association; Partner, In charge of Fund Services, PwC Cyprus
Andreas Yiasemides is a Partner at PwC and in charge of the Fund Services of the organisation. On his graduation from the University of Manchester with a first-class degree in Economics, he joined PwC in 1999 and qualified as a Chartered Accountant (FCA). He continued his career with the Bank of Cyprus, holding various positions including heading the Custody and Trusts Unit. He then moved on to an organization of professional services where he set up and led the Fund Services Unit. He has served as a member of the Board of Directors of the Bank of Cyprus and of the Central Bank of Cyprus and is the Chairman of the Board of Directors of the Cyprus Investment Fund Association (CIFA). He is also a member of the Cyprus National Advisory Council of the Charter Institute for Securities and Investment (CISI).
Director, Financial Services, Funds and Capital Markets, Prountzos & Prountzos LLC | EY Law, Cyprus
Andria Koukounis is a Director in the Financial Services, Funds and Capital Markets. She is an experienced banking and finance law practitioner with a particular focus on commercial transactions, project financing and restructuring deals. She regularly advises financial institutions on legal and regulatory issues and represents them in contentious proceedings. She is a member of the CIFA Legal and Regulatory Committee. Andria has extensive experience in establishing Alternative Investment Funds and representing regulated entities including Fund Managers, Electronic Money Institutions and Payment Institutions during the licensing stage and throughout their operations. She is also frequently engaged in providing legal advisory support to Alternative Investment Fund Managers who are active in a number of jurisdictions through the passporting regime.
Board Member, Audit and Asset Management Services, KPMG in Cyprus
Michalis Vasiliou is a Board Member and Head of the Asset Management services at KPMG in Cyprus. Michalis graduated from the University of Manchester with a first-class degree in Accounting and Finance and is a Fellow (FCA) of the Institute of Chartered Accountants in England & Wales (ICAEW). He primarily services groups operating within the investment funds and financial services sector. Michalis is a member of the Department of Professional Practice at KPMG in Cyprus, providing technical support on the correct application of IFRSs requirements. He is a presenter for IFRS seminars to the staff of KPMG, to clients and the public through KPMG Academy. He is also the Chairman of the Investment Funds committee of the Institute of Certified Public Accountants in Cyprus (ICPAC) and Chairman of the Alternative Investments Funds committee of the Cyprus Investment Funds Association (CIFA).
The event is addressed to:
• Fund managers
• Fund administrators
• Asset management firms and asset managers
• Accounting, audit, tax firms and tax specialists
• Law firms and legal consultants
• Business advisory and consulting service providers
• Corporate service providers
• Investment funds
• Banks, investment banks and other financial institutions
• Private equity firms
The Cyprus Investment Funds Association (CIFA) represents the face and voice of the Cyprus asset management and investment fund community. Founded in 2013, CIFA currently counts over 380 members and represents fund managers, depositaries, administrators, professional advisory firms and other specialist firms involved in the fund services industry in Cyprus. CIFA’s Board of Directors is comprised of high caliber industry professionals who come from all areas of the funds industry and are well-placed to support and complement the continued development of the industry. CIFA’s mission revolves around assisting its members capitalize on industry trends, shaping the development of the regulatory and legislative framework, enhancing professionalism, integrity and quality, and promoting Cyprus as a leading funds jurisdiction.
IMH is the largest business knowledge and information transfer organisation in Cyprus. Its services include the coordination and running of conferences, seminars and commercial exhibitions, specialist business media publishing and human resources consulting. Every year, IMH organises more than 110 conferences related to every sector of the market, commercial exhibitions and training seminars, and undertakes the entire process of five business award ceremonies. IMH publishes the only dedicated business magazines in Cyprus: the Greek language monthly IN Business and the English-language monthly Gold, which are read by tens of thousands of Cypriot and non-Cypriot professionals, managers and entrepreneurs. It also operates the magazines’ accompanying news portals, the IN Business Portal (www.inbusinessnews.com), the GOLD Portal (www.goldnews.com.cy) and the REPORTER (www.reporter.com.cy). ΙΜΗ also delivers via e-mail the IN Business Daily Newsletter, the GOLD News Daily Newsletter and the REPORTER Newsletter. The IMH Business Development Department bids for tenders published by local public sector bodies, the European Union and other international organisations. Through its activities, ΙΜΗ gives businesses a chance to develop, to network, to find new clients and business associates, to communicate with new audiences and discover growth opportunities. www.imhbusiness.com
GOLD magazine was founded in 2011 as the first English-language business monthly in Cyprus. Today, it is not only synonymous with the promotion of good business practices but it has a unique and valuable readership of High Net Worth Individuals, international company executives, English-speaking Cypriot and non-Cypriot businessmen and women. GOLD provides a comprehensive and informed overview of the local business scene, the economy and the market and has gained a reputation for its in-depth articles and revealing interviews with key local and international personalities. www.goldnews.com.cy
15 years ago, IN Business magazine began its ongoing relationship with the business world of Cyprus, profiling leaders and organisations, publicizing issues of importance and promoting best practices. Throughout these 15 years, we have shone the spotlight on countless examples of good business, photographed thousands of businesspeople and presented the most successful Cypriot enterprises to the broader reading public. To mark the magazine’s first 15 years, the November 21 issue of IN Business will be a special multi-page anniversary edition that looks back over one and a half decades of business reporting, significant business and economic milestones, through articles, features and interviews with Cypriot business leaders and much more.
The Conference will run online. Upon completion of your registration, further information will be sent to the submitted email address.
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