Council

Nicos Chimarides
President
Curriculum vitae

Nicos Chimarides

Nicos Chimarides CV

Partner

Nicos is a partner in PwC Cyprus. He is a member of the Management Board and Tax & Legal Leader.

He  has over 25 years of experience in advising large MNCs on international tax matters.

Nicos is the President of the Council of Institute of Certified Public Accountants of Cyprus.  He is a member of the Institute of Chartered Accountants in England and Wales and holds a Bachelor’s degree in Economics and Computer Science from Queen Mary College, University of London.


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Odysseas Christodoulou
Vice President
Curriculum vitae

Odysseas Christodoulou

Odysseas is the Vice President of the Institute of Certified Public Accountant of Cyprus (ICPAC) having served in the Council for a number of years. He is a Fellow member of the Association of Chartered Certified Accountants (FCCA) and holds an MBA in Accounting and Finance from Maastricht School of Management. He is a Fellow member of the Chartered Institute of Bankers (FCIB) and a member of the Institute of Management Accountants (CMA). 

Odysseas was the CEO of Globaltraining and the Chief Operations Officer of EDEX – Educational Excellence Corporation for more than twelve years. He was also a Board member of EDEX operating the University of Nicosia, Globaltraining, Intercollege and UNICAF. His areas of expertise include cost and management accounting, financial management and performance measurement. 

He served as a Board member and non-executive Director of Ancoria Bank and Laiki Financial Services. He served for six years in the International Assembly of the Association of Chartered Certified Accountants as an elected member representing the Cyprus members. 

Odysseas started his career in the accounting profession as an auditor with Coopers & Lybrand and in the banking sector with Lombard Natwest Bank and Cyprus Popular Bank.

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Andreas Andreou
Member
Curriculum vitae

Andreas Andreou

Andreas Andreou is a Partner and Member of the Executive Committee of Deloitte Ltd.
He joined Deloitte in 1997 and he is in charge of the audit of a large number of public and private companies in various areas of operation with specialization in the insurance and financial services industry.
Andreas Andreou is in charge of the IFRS (International Financial Reporting Standards) technical team of Deloitte Cyprus and a facilitator in various technical trainings/seminars.

He is a member of the Council of the Institute of Certified Public Accountants of Cyprus (ICPAC) since July 2015, having served as a member of the Accounting Standards Committee of ICPAC for the years 2010-2014 and Vice-chairman of the same committee for the year 2014-2015.
He holds a BA (Hons) in Business Administration (Accounting) from University of Cyprus and he is a member of the Institute of Chartered Accountants of England and Wales (ICAEW) since 2001.
Andreas is married with 3 children.

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Pieris Markou
Member
Curriculum vitae

Pieris Markou

Pieris Markou is the CEO of Deloitte in Cyprus and a member of the Deloitte Middle East Executive Board, having previously served as the Tax & Legal Services Leader. He started his career in London in 1986 and was admitted to Partnership at Chrysanthou and Christoforou (Andersen) in 2000. He is a member of the Council of the Institute of Certified Public Accountants of Cyprus (ICPAC) since 2014, and elected President for the period 2021-2023, having previously served as the Vice President during the period 2019-2021. He has for many years participated in the activities of ICPAC having assumed many other professional roles, including that of Chairman of the Tax and VAT Committees. Pieris was an appointed member of the Advisory Council for the establishment of an Independent Authority against Corruption for the period from its establishment until June 2023 and has also been appointed by the President of Cyprus as a member of the Advisory Council for the appointment of the board members of Semi-Government Organisations. Pieris is also a board member of the Nicosia Chamber of Commerce & Industry. He holds a B.A. (Hons) degree in Accounting, is a fellow member of the Institute of Chartered Accountants in England and Wales and a member of the Chartered Institute of Taxation.




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Demetris S. Vakis
Member
Curriculum vitae

Demetris S. Vakis

Demetris S. Vakis is a Board member of KPMG Limited. He holds a BSc Computer Science and Accounting (Joint Honours).



Before joining KPMG, Demetris worked for Touche Ross & Co (London) as a trainee from 1984 until 1987. Then, he joined Metaxas Loizides Syrimis & Co (now KPMG Limited) in 1987 and became a partner in 1991. He is a member of the Executive Committee of KPMG Limited in Cyprus.



Over the years he was responsible for several departments and services such as Advisory services (feasibility studies valuations, flotations, mergers, acquistions, reorganisations, due dilligence projects, etc) Internal Audit Services, Risk Management, Business Performance Improvement (Assessment of business performance systems e.g. ISO 9000, ISO 14000, etc) and Information Technology Services (requirements definition, selection, implemention, process improvement etc).



Today, Demetris is responsible for a major portfolio of Audit and other clients and is heading KPMG’s IT and Markets Departments.



Member (present, past) in several organisations/institutions:



• Fellow Member of the Institute of Chartered Accountants in England and Wales (ICAEW)

• Member of the Board of the Institute of Certified Public Accountants of Cyprus (ICPAC)

• Member of the Cyprus Institute of Internal Auditors

• Member of the Board and of the Executive Committee of the board of the Employers and Industrialists Federation

• He was a Board Member of the Research Promotion Foundation

• He was a Board member of the State Affairs Authority

• He served as a member of the IT Committee of ICPAC





He is married and father of three children.

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Andreas Avraamides
Member
Curriculum vitae

Andreas Avraamides

Current Employer and position held:

ERNST & YOUNG CYPRUS LIMITED

Member of Council

Assurance Leader

Academic and Professional Qualifications:

  • Certified Accountant and Auditor – ICPAC
  • Fellow of the Institute of Chartered Accountants in England & Wales
BSc Accounting & Statistics, University of Southampton

Professional history and experience:

  • EY (Ernst & Young Cyprus Limited) (1998- today)
  • PwC (PricewaterhouseCoopers Ltd) (1995 - 1998)

Big experience in external auditing, consulting services and accounting standards in a wide range of local and international public companies.

Other positions currently or previously held:

-          He has been member and he is a vice president of the International Business and Foreign Investments Committee of ICPAC

He has been a member of the Education Committee of ICPAC 

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Gabriel Onisiforou
Member
Curriculum vitae

Gabriel Onisiforou

Mr Gavriel Onisiforou Member of the Board, Audit Department of EY and Head of 'Professional Practice', 'Regulatory & Public Policy', 'Audit Compliance and Risk Management' & 'Anti-Money Laundering'.  He is Fellow Member of the Institute of Chartered Accountants in England and Wales and he holds a BA Econ (Hons) – The University of Manchester.

During the period of 1992 – 1995 he worked in Price Waterhouse Manchester and since 1995 he works in EY Cyprus.  He has an extensive experience on external and internal audit services, consulting services and accounting standards across a wide range of local and international business entities.

He is also a member of the Institute of Internal Auditors in Cyprus and Member of the Cyprus Integrity Forum.

He also participated in various committees of ICPAC as follows:

  • Member of the Auditing and Accounting Standards Committee 1997-2005
  • Chairman of the Accounting Standards Committee 2005-2008
  • Member of the Auditing Standards Committee 2008-2012
  • Member of the International Business, Shipping and Foreign Investment Committee 2012-2014
  • Member of the Insolvency and Restructurings work group 2014-2015
  • Member of the Companies Law work group 2015-2016
  • Member of the Compliance Committee 2015-2018

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Stavros Ioannou
Member
Curriculum vitae

Stavros Ioannou

Current Employer and position held:

Grant Thornton (Cyprus) Ltd

CEO

Academic and Professional Qualifications:

  • Member of the Institute of Chartered Accountants in England and Wales
BSc (Hons) Business, Finance and Economics (University of East Anglia)

Professional history and experience:

-          He holds over 30 years of experience in advisory services particularly in financial due diligence in connection with acquisitions and fundraising, flotations and public company transactions.  He has led significant projects relating to the banking industry in Cyprus and acts as relationship partner and quality reviewer on complex advisory engagements.

-          He is a mentor and coach supporting individuals from both within and outside Grant Thornton Cyprus to develop and thrive as professionals and in any other area they are passionate about.

His approach to leadership and what he considers to be a core part of the firm’s strategy stems from his personal view that in order to achieve growth in any organization people have to come first.

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Maria Pastellopoulou
Member
Curriculum vitae

Maria Pastellopoulou

Maria Pastellopoulou is the Founder and the Managing director at the audit firm Pastellopoulou Karlettides Ltd. She is a member of the Board of Directors of the Institute of Certified Public Accountants of Cyprus (ICPAC) since 2012 and a Fellow member of the Association of Chartered Certified Accountants (ACCA). Previously, she has served the Institute of Certified Public Accountants of Cyprus (ICPAC) from the positions of a member and Chairwoman of the Education Committee. She specializes in Audit Assurance.

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Petros Petrakis
Member
Curriculum vitae

Petros Petrakis

Mr Petros Petrakis is Partner and Member of the Board of Directors of PwC, Head of Risk Management and Compliance and he is Ethics & Business Conduct Leader.  He has BA Economics & Accounting, MBA - Master in Business Administration and he is a Fellow member of the Institute of Chartered Accountants in England & Wales.

He has experience of over 30 years in the provision of audit and consulting services to local and international, private and public enterprises and organizations, mainly in the tourism, hotel, real estate and construction sectors.

He also has an active participation in various professional committees in Cyprus and abroad (eg. ICPAC, ICAEW, ECG) dealing with technical matters or policy and regulatory issues related to the accounting and audit profession.  He has been a member of the Board of Directors of a local Chamber of Commerce and Industry for nine years.

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Demetris Shacallis
Member
Curriculum vitae

Demetris Shacallis

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Spyros Spyrou
Member
Curriculum vitae

Spyros Spyrou

Mr. Spyros Spyrou is Financial Services Director at Human Resource Development Authority of Cyprus (HRDA) since June 2002. Previously he held the position of Accountant 1st Grade of the Organisation since August 1996. During the period July 1991 – July 1996, he worked in the company BP Cyprus Ltd as Accounting Officer and Supplies/Aviation/ Finance Controller.

He holds a degree in BA (Hons) Accounting and Management Science (University of Kent) and Master of Business Administration (University of Warwick). He is a Member of the Association of Chartered Certified Accountants of UK (ACCA) since July 1995 and Member of the Institute of Certified Public Accountants of Cyprus (ICPAC) since February 1998.

He is a Board Member of the ICPAC since July 2015. He was also Member of the Public Sector Committee of ICPAC for the period September 2012 – September 2014 and Chairman of the Committee during the period October 2014 – July 2015.

Mr. Spyrou is married and father of two children.

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Marios Demetriades
Member
Curriculum vitae

Marios Demetriades

Marios Ph. Demetriades

He is an Executive Director and Group Chief Financial Officer at Mitsides Public Company Ltd

He is a Fellow member of the Association of Chartered Certified Accountants (ACCA) and a Fellow Chartered Accountant, member of the Institute of Chartered Accountants in England and Wales (ICAEW). He is also a member of the Institute of the Certified Public Accountants of Cyprus. He holds a Marketing Diploma from the Chartered Institute of Marketing (UK), of which he is also a member. He holds postgraduate diplomas in Business Management and Strategic Planning, as well as an M.Sc. in Strategic Marketing Management.

He started his career in 1991 at the audit firm Deloitte, Haskins & Sells and later joined Coopers & Lybrand (1993 -1996). During the period 1996 - 1999 he served as Chief Accountant at Model Famagusta Bakeries Ltd (a former member of the Mitsides Group). Since 2000 he holds the position of the Group Chief Financial Officer. He is also a Member and Secretary of the Board of Directors, while he has been appointed Compliance Officer with the Corporate Governance Code, and Shareholders’ Relations Officer. He previously headed the Group's Human Resources department from 2000 until 2021.

He also sits on the Board of Directors of Mitsides Group subsidiary companies.

He is married and has two children.

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Constantinos Kallis
Member
Curriculum vitae

Constantinos Kallis

Constantinos is a Board Member and member of the Executive Committee of KPMG Cyprus.

He joined KPMG in 1998 and he is the partner in charge of the audit of public and private companies with specialization in the financial services sector (banking and insurance companies). He is also the Head of Quality and Risk Management Department of KPMG.

He holds a BSc in Business Finance & Economics from the University of East Anglia and he is a member of the Institute of Chartered Accountants of England and Wales and the Institute of Certified Public Accountants of Cyprus (ICPAC). He served as a chairman and member of the Financial Services Committee of ICPAC.

Constantinos is married and father of 3 children.

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