Swiss private banking group EFG International has formally launched its business in Cyprus as part of its strategy to grow its presence in overseas markets.

"The offices in Cyprus are now fully operational, and reflect EFG International’s commitment to enhancing service and growing its business with international clients residing in Cyprus, international investors, as well as the Cypriot Diaspora," the bank said in a press release.

The Cyprus operation is a branch of EFG Bank (Luxembourg) and is based in Nicosia, with a satellite office in Limassol.

The private bank has appointed Costas Stylianou as its senior representative in Cyprus. Stylianou previously spent 11 years at Alpha Bank in Cyprus, where he was head of international division and a member of the executive committee.

Stylianou will work very closely with London-based Demetris Pisiaras, who is the market coordinator for Cyprus, the statement added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData