Bank of Cyprus sponsors the "Fiduciary Future" conference

The “Fiduciary Future” conference took place in Nicosia between the 31st of October and 1st of November 2012 aiming to look into the future and provide some avenues of opportunity and optimism to the wider fiduciary and CSP sector.

The deliberations at the conference, sponsored among others by Bank of Cyprus, focused on three main areas that are of particular relevance and importance at this time:

• Tax, Legal and the Economy

• Future of Banking and Financial Services

• Emerging Opportunities

The Minister of Finance of the Republic of Cyprus Mr Vassos Sharly and the Governor of the Central Bank of Cyprus Mr Panicos Demetriades were among the speakers of the event.

Demetris Taxitaris, Head Asset Management of Bank of Cyprus Group, concentrated his speech on ‘Wealth management from Cyprus’. Funds poured in Cyprus and local banks for a number of years through tax efficient structures set up by local advisors. Relationships of trust were established with powerful and wealthy business groups and their owners and high net worth individuals, requiring complementary services such as wealth management. Despite the slow start, Cyprus financial industry is catching up in the global wealth management arena, developing its capabilities and resources in the field.

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