Eurobank has released a statement summarizing its participation in the 11th International Funds Summit in Nicosia. The bank used the summit to emphasize its strong commitment to building investment bridges between Europe and India, leveraging Cyprus as a crucial jurisdictional hub. Supported by Eurobank, the event explored key global trends in alternative investments and opportunities for cross-border cooperation shaping the future of international funds.  Panayiotis Chrysostomou, Eurobank's Manager of Banking Services and Representative Offices for International Business Banking, represented the group on the central panel: “India & Cyprus – Building Bridges in Alternative Investments.” This discussion, part of the summit's Strategic Dialogue on India, highlighted Cyprus’ emerging role as a strategic gateway for Indian fund managers seeking entry into the European market. Topics covered included cross-border fund structuring, tax efficiency, institutional capital flows, and innovation in financial services.  Chrysostomou addressed the Eurobank Group's strategic direction, stating the bank "recognises the huge prospects of the Indian economy" and is a "leading role in connecting India with Europe" via Greece and Cyprus.  The bank's planned physical presence in Mumbai is significant, making Eurobank the first Greek and Cypriot banking group to establish operations in India. This move is set to substantially strengthen financial and business ties between the two regions. Chrysostomou pointed out that Cyprus, with its status as an EU member state and its mature financial framework, offers an “attractive jurisdictional package” and serves as an “ideal hub for Indian investments” aiming for reliable access to the European market.  Eurobank’s strategy extends to “turning financial diplomacy into action.” Chrysostomou cited initiatives like the India-Greece-Cyprus Business & Investment Council (IGC), a dedicated platform for reinforcing trade, investment, and technology ties among the three nations.  He also highlighted key partnerships designed to enhance digital connectivity. These include collaborations with Fairfax Digital Services and LTIMindtree to establish a Global Delivery Centre in India, and a partnership with NPCI International to introduce India’s Unified Payments Interface (UPI) in Greece and Cyprus. These technological alliances are vital for boosting cooperation in payments, technology, and innovation.  Chrysostomou concluded by reaffirming Eurobank's vision: the bank remains committed to connecting Europe with dynamic, rapidly growing economies like India, actively supporting the businesses and investors who will drive future growth.  The summit was co-organised by the Cyprus Investment Funds Association (CIFA) and Invest Cyprus. CIFA President Maria Panayiotou shared impressive growth figures, noting Cyprus hosts over 330 registered investment funds with Assets Under Management exceeding €10.7 billion. She stressed the importance of outward-looking partnerships, positioning Cyprus as a reliable, well-regulated, EU-based partner.  George Theocharides, Chairman of the Cyprus Securities and Exchange Commission (CySEC), reiterated the regulator’s commitment to responsible and sustainable growth. He affirmed CySEC's goal is to further strengthen Cyprus’ position as a "trusted, dynamic, and forward-looking jurisdiction" within the European and global investment landscape, ensuring Cyprus maintains a strong voice in shaping the future of the investment funds industry. (ICE BEIRUT)

Fonte notizia: Cyprus Mail