A leadership transition takes place today, 1 July 2026, at PwC Cyprus, as Andreas Yiasemides officially assumes the role of Chief Executive Officer, succeeding Philippos Soseilos, who is stepping down after a long and distinguished career with the organisation.
After 37 years with PwC, having joined the firm in 1989 and becoming a Partner in July 2000, Philippos Soseilos is retiring from the organisation.
Soseilos' long career and leadership through challenging times
With more than 35 years of experience in advisory services and executive leadership, focusing on the successful delivery of business and digital transformation projects both in Cyprus and internationally, Philippos Soseilos also served as CEO of PwC Cyprus from January 2022. During his tenure, he played a pivotal role in helping the organisation navigate significant challenges, create new growth opportunities and maintain its market-leading position.
Throughout his term as CEO, he steered the organisation through numerous challenges, including the post-pandemic recovery and adaptation to new business realities, the repercussions of the ongoing war in Ukraine, the closure of the Russian market, rapidly evolving geopolitical developments, inflation, increasing regulatory pressures and the challenges presented by artificial intelligence.
Despite these continuing headwinds, PwC Cyprus succeeded in maintaining its leadership position, driving transformation and innovation while preserving its core identity.
Among the initiatives championed by Soseilos was the simplification and digitalisation of Cyprus' broader business ecosystem, particularly in relation to licensing procedures, regulatory compliance, employment and the justice system.
During the past year, he also led PwC Cyprus through the firm's global rebranding initiative at a pivotal moment for the organisation, as PwC worldwide entered a new chapter by adopting a refreshed brand identity that reflects the pace and complexity of today's business environment.
The profile and priorities of the new CEO
In his first public remarks following his election last December, Andreas Yiasemides called for collaboration and hard work to ensure that PwC Cyprus retains its leading position in the professional services sector. He pledged to lead with transparency, consistency and commitment.
"At a time characterised by significant challenges but also tremendous opportunities, we will continue investing in innovation, our people and the development of strong relationships built on trust, while delivering high-quality services and solutions to our clients," he said.
In a recent article, Yiasemides also stressed that artificial intelligence is about far more than technology.
"It is about how we lead, how we evolve and how we translate our strategy into meaningful outcomes. For Cyprus, artificial intelligence is first and foremost an issue of competitiveness. Although our market is relatively small, this can work to our advantage. Smaller ecosystems can adapt more quickly and foster closer collaboration between businesses, government and academia," he noted.
He called for a coordinated national approach focusing on skills development, digital infrastructure, responsible innovation and the practical integration of artificial intelligence into the economy.
Four-year term
The term of Andreas Yiasemides, who serves as a Partner in Advisory Services, Clients & Markets Leader and Partner in Charge of Fund Services, will run for four years, from 1 July 2026 until 30 June 2030.
Yiasemides joined PwC in 1999 and became a Partner in 2016. He is a member of the PwC Cyprus Management Board, heads the firm's Clients & Markets function and is responsible for Fund Services.
He graduated with First Class Honours in Economics from the University of Manchester. He is a Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC).
His professional career includes senior positions at Bank of Cyprus, where he led the Custody and Trusts Unit, as well as at another professional services organisation, where he was responsible for Fund Services.
He has also served as a member of the Boards of Directors of Bank of Cyprus and the Central Bank of Cyprus, and previously chaired the Board of the Cyprus Investment Funds Association (CIFA).
(Source: InBusinessNews)
