EFG International has increased its presence in Cyprus.

Following regulatory approval, EFG Cyprus, a new subsidiary investment firm of EFG Private Bank (UK) based in Nicosia, and a new representative office of EFG Private Bank (UK) based in Limassol, are expected to be fully operational by early February 2021.

The new operations will be overseen by Demetris Pisiaras, market head for Cyprus at EFG Private Bank (UK) and chair of the new subsidiaries.

Mr Pisiaras has been with EFG since 2002 and has significant experience in the region.

He has built a team of client relationship officers, resulting in s...