Nicosia: Cyprus has evolved into a leading fund jurisdiction in Europe, with over 330 registered investment funds and sub-funds and Assets Under Management exceeding £10.7 billion, Maria Panayiotou, President of the Cyprus Investment Funds Association (CIFA), stated.
According to Cyprus News Agency, Panayiotou made these remarks at the 11th Cyprus International Funds Summit and Expo. The event, co-organized by CIFA and Invest Cyprus, attracted fund managers, institutional investors, policymakers, and service providers from around the world to discuss the future of the alternative investment landscape.
A significant number of delegates from various countries attended the event, highlighting Cyprus’ growing reputation as an international hub for fund structuring, administration, and capital flows. In her opening remarks, Panayiotou emphasized the sector’s rapid development and its contribution to the real economy, with nearly £3 billion invested domestically.
Panayiotou also stressed the importance of fostering international partnerships, particularly with Greece, India, and the Gulf region, positioning Cyprus as a reliable, well-regulated EU partner for various markets.
Dr. George Theocharides, Chairman of the Cyprus Securities and Exchange Commission (CySEC), reiterated CySEC’s commitment to the responsible growth of the collective investment sector, aiming to enhance Cyprus’ status as a trusted jurisdiction in the European and global investment landscape.
Meanwhile, Michael Fekkas, First Vice-Chair of the Hellenic Capital Market Commission, discussed European initiatives to make collective investments more accessible and safer for retail investors, with long-term benefits expected for both investors and investment organizations.
Marios Tannousis, CEO of Invest Cyprus, highlighted the funds sector’s crucial role in positioning Cyprus as a competitive investment destination, citing the country’s stable regulatory environment and strategic access to Europe, the Middle East, and Asia.
The Summit’s programme focused on Alternative Investment Funds (AIFs), market outlooks, capital raising, the role of private equity, venture capital, and impact investing, and Cyprus’ position as a gateway to India’s AIF ecosystem.
Discussions also emphasized the need for Cyprus to maintain a competitive tax and regulatory framework while aligning with international standards. The integration of fintech solutions and ESG principles was identified as key to the sector’s growth.
Petros Mavrommatis, Vice President of CIFA, concluded the Summit by urging the industry to continue its collective effort to develop Cyprus as a reputable Alternative Investment Fund jurisdiction.