Maria Panayiotou: Cyprus is an attractive jurisdiction for international fund managers

10:34 - 07 November 2024

Financial Services

“Cyprus’ stable framework makes it an attractive jurisdiction for international fund managers,” said Maria Panayiotou, President of the Cyprus Investment Funds Association (CIFA), addressing the 10th International Funds Summit & Expo taking place in Nicosia.

She added, “When we take a look back on our journey over the past decade, it is clear how far we have come. Cyprus has positioned itself firmly as a primary hub for funds”.

Today, said Panayiotou, the island is stronger than ever, with assets under management in excess of €9b and a steady inflow of fund managers from across Europe, the MENA region, Asia and beyond.

Cyprus' stable framework, enhanced by regulatory clarity, strong support services, tax incentives and an advantageous geographical location, make it an attractive jurisdiction for international fund managers, she said.

Looking towards 2025, Panayiotou said the focus is on anticipating and adapting to the trends that can shape successful strategies. The 10th International Funds Summit & Expo is a good opportunity to get a grasp on the current situation, she added, as it will look at the global economic prospects, ongoing inflationary pressure, geopolitical tension and central bank policies.

Concluding, Panayiotou pointed out that environmental, social and governance (ESG) considerations have become an integral part of modern asset management, and these will be the focus of this year's event.

Maria Panayiotou: Cyprus is an attractive jurisdiction for international fund managers

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