Michalis Vasiliou, our Executive Director, has been elected as the Board Secretary of the Cyprus Investment Funds Association (CIFA) during its Annual General Meeting. His election, marked by securing the third-highest number of votes, underscores the community’s trust in his dedication and expertise within the investment funds sector. This remarkable achievement not only speaks to Michalis’s individual capabilities but also mirrors the collective vision and commitment shared by Pelagic Partners.
Expressing his gratitude upon election, Michalis stated, “I am deeply honoured to have been elected as a Board Member of CIFA and entrusted by my fellow Board Members to be the Board’s Secretary. I am excited about the opportunity to contribute to the continued success and growth of our association. I am confident that by working together with all stakeholders we can navigate the opportunities and challenges that lie ahead.”
CIFA has played a pivotal role in contributing to the ongoing successes of Cyprus’ economy, amassing a membership of over 500 within just a few years of its establishment. Recent sector quarterly statistics released by the Cyprus Securities and Exchange Commission (CySEC) reveal that out of the €2.3 billion of Assets Under Management invested in Cyprus, the Shipping industry alone accounts for over 25%, exceeding 600 million euros.
The Annual General Meeting featured the distinguished presence of notable dignitaries, including the President of the Republic of Cyprus H.E. Nikos Christodoulides, Mr. Makis Keravnos, Minister of Finance, Mr. Constantinos Ioannou, Minister of Interior, and Mr. Giorgos Papanastasiou, Minister of Energy, Commerce, and Industry. Key figures such as the President and Vice President of CySEC, Dr. George Theocharides and Mr. George Karatzias, and the Director General of Cyprus Shipping Chamber, Mr. Thomas Kazakos, further highlighted the significance of this momentous occasion, underscoring the pivotal role CIFA plays in shaping the investment landscape in Cyprus.
