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FinMin chooses Demetris Sparsis to join Invest Cyprus Board

Finance Minister Makis Keravnos has proposed Demetris Sparsis, who has over 30 years of extensive experience in the financial and tourism sectors, as an additional member of the Invest Cyprus Board of Directors, InBusinessNews has reported citing sources.

According to the sources, Keravnos has informed the Council of Ministers of his decision to propose Sparsis as his person of choice to be elected to the Invest Cyprus Board.

Invest Cyprus’ Board of Directors, which is responsible for electing new Board members, is expected to elect Sparsis in its next meeting.

Born in 1964, Demetris Sparsis has worked in the Cypriot banking sector and served in a number of executive positions as head of insurance companies, director of corporate affairs and manager of branch network.

He also worked at the Cyprus Tourism Organisation and headed the CTO’s office in Amsterdam for three years.

Currently, Sparsis is a Board of Directors member at cdb bank and NAGA Markets Europe Ltd. He also works at Consulco Investment Company as a business development consultant.

He holds an M.Sc. in Tourism, Planning and Development from the University of Surrey in the UK and a B.A. degree in Economics-Business Administration from New York University at Albany, USA.

Sparsis served as Corporate Affairs Manager, Manager Branch Network Nicosia and Head of Insurance Division at Hellenic Bank from March 2016 until December 2021. Prior to this, he worked at Bank of Cyprus, Genikes Insurance, Sales and Marketing Manager, as well as at Cyprus Popular Bank where, among other, he served as Divisional Director Group Corporate Affairs & Communication and Branch Manager.

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