Council

Marios M. Skandalis
President
Curriculum vitae

Marios M. Skandalis

Marios M. Skandalis FCCA, CFC, CFE, FICA, FCIS

Marios Skandalis is a Fellow member of the Association of Chartered Certified Accountants (UK), a licensed member of the Association of Certified Fraud Examiners (US), a Fellow member of the Institute of Chartered Secretaries and Administrators – ICSA (UK) and a Certified Financial Consultant.  He is also a Fellow member of the International Compliance Association (UK) and a professional member of the Society of Corporate Compliance and Ethics (US).

Today he is the Director of the Group Compliance Division of the Bank of Cyprus Group.  His professional career commenced in 1995 when he served as an Audit Supervisor and a Senior Management Consultant with Ernst & Young in the South-Eastern European region.  In year 2000 he moved to the Bank of Cyprus Group and took the post of Chief Financial Officer of the General Insurance of Cyprus for over a decade.  He then took the post of Manager for the Organization of the Bank’s Overseas Operations until 2013 when he was appointed as Legal Representative and head of the Bank of Cyprus’ operations in Greece.

Mr Skandalis is the President of the Institute of Certified Public Accountants of Cyprus and the Vice-President and founder member of the Association of Certified Fraud Examiners (Cyprus).  He is the President of the Cyprus Integrity Forum and the former Executive Vice-President and founder member of Transparency International (Cyprus).  He is also an appointed Board member of the Technical Advisory Board of the International Compliance Association (UK).  He is an active anti-fraud/corruption and compliance professional and chairs or participates as key note speaker to related international conferences/forums in Europe.

Mr Skandalis is the winner of the 2016 Banker of the Year Award – Cyprus by the AI Magazine in the United Kingdom.  He is also the winner of the 2017 American Academy Nicosia Alumni Achievement Award in recognition of his remarkable success and achievements in his chosen career of compliance, corporate governance and anti-financial crime.

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Stavros Pantzaris
Vice President
Curriculum vitae

Stavros Pantzaris

Stavros Pantzaris is the new Country Managing Partner of Ernst & Young (EY) in Cyprus. He also leads the Firm’s Assurance services in Cyprus.

In addition to his interest in providing assurance services, throughout his career, Stavros Pantzaris has also developed an interest in business risk as well as transaction support services via leading a number of buy-side due diligence projects and offering services to companies applying for a listing on the Cyprus Stock Exchange (IPO). In the past he has also led the Quality and Risk Management and Independence teams in Cyprus providing advice on local independence and conflict issues and ensuring compliance with EY Global policies and procedures.

Stavros Pantzaris has a degree in Engineering with Industrial Management (B.Eng) and qualified as a Chartered Accountant in 1992. He is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). In the past he has been a member of the Stock Exchange Committee of ICPAC, having served as chairman during the period 2003 - 2005. Currently he sits on the Board of Directors of ICPAC.

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Maria Pastellopoulou
Secretary
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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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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Christos Vasiliou
Member
Curriculum vitae

Christos Vasiliou

Christos Vasiliou is a Board Member at KPMG Limited.

He qualified with KPMG Leeds in 1994 and returned to Cyprus.  He became a partner in 1999.

He currently heads the Advisory Services Unit of KPMG Cyprus.  Additionally, he heads both the Investment Funds and Academy Departments. Furthermore, he is a member of the Executive Committee of KPMG Cyprus. In the past, he has been in charge of other departments in KPMG such as the Financial Services Department.  He has also been the head of the Human Resources Department between the years 2003 and 2012.

Mr Vasiliou is a member of the Board of Directors of the Institute of Certified Public Accountants of Cyprus (ICPAC), a member of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of CIFA and Vice President of the committee of AIF and UCITS, a member of the Board of Directors of Cyprus – GCC Association and a member of the Board of Directors of Cyprus – UK Association.

Christos Vasiliou has a BA (Econ) in Accounting and Finance (Joint Honours degree) from University of Manchester.

He is married with three children.

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Kyriacos (Karlos) Zangoulos
Curriculum vitae

Kyriacos (Karlos) Zangoulos

Karlos is a founding partner of BDO Ltd.  BDO employs more than 100 professional staff through its offices in Nicosia and Limassol.  The firm offers assurance, tax, consulting and restructuring services.

Karlos has over 30 years experience in the profession and has been a partner in BDO for 20 years. 

Karlos trained with Arthur Andersen in London and served a further two years as an audit manager before moving to Cyprus where he was initially employed by Coopers and Lybrand.

He has been a partner at BDO since 1996.

At BDO Karlos has headed several departments including the office maintained by the firm in Moscow during the years 2000-2005.  Karlos headed the firms international audit division until 2007 and since that time has held the position of managing partner and head of tax services.

Karlos is a member of the Institute of Chartered Accountants of England and Wales and of ICPAC. He has serves as a member of the Tax Committee and of the Small and medium firm advisory committee.

Karlos is married with three children.

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Pieris Markou
Member
Curriculum vitae

Pieris Markou

Pieris holds a BA 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. He started his career in 1986 in London where he qualified as a Chartered Accountant and from 2000 became a partner heading the tax service line at Chrysanthou and Christoforou (Andersen) in Cyprus and from 2003 heading the tax and legal service line at Deloitte in Cyprus. 

His experience includes many tax planning projects for major multinationals, private and local entities operating in Cyprus. He has many years of experience in both local and international tax planning and restructuring. He is one of the firm’s major negotiator on corporate and personal tax for resolution of client’s tax matters with the tax authorities.

He is an active member of the Institute of Certified Public Accountants of Cyprus since 1992, having served as member, vice chairman and chairman of the Tax and VAT Committees of the Institute as well as a member of the Institute’s Council from July 2014. He participates in a number of meetings with the Minister of Finance, the House of Representatives and the Tax Commissioners for the formulation of the Government’s policies on taxation and is a member of an advisory committee to the Government on treaty negotiations. Pieris specializes in local and international taxation, is a speaker at many conferences and an author of many articles both in the local financial press as well as international tax journals.

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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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Demetris Taxitaris
Member
Curriculum vitae

Demetris Taxitaris

Demetris Taxitaris is a co-founder and Managing Director of Symmetria F.S. Ltd (‘Symmetria’), an independent Cyprus-based financial advisory, research and analysis firm. Demetris is a member of the Investment Committee of Symmetria setting investment strategy across and within a range of asset classes spanning equities, bonds, commodities, alternatives including real estate and cash. He is involved in the identification of investment opportunities and research and acts as an advisor to a number of investment, pension and insurance funds.

From 2001 until August 2013, he worked at Bank of Cyprus Group in Nicosia, being involved in the construction and management of the leading asset management and advisory unit in Cyprus with local and international clients, individuals and institutionals across all industries. During his term at Bank of Cyprus Group, he was responsible for a number of global and local multi-asset portfolios and a member of the Investment Committee of the Group. He resigned as Head, Asset Management. Prior to that, he worked at Deloitte in London where he qualified as an Associate Chartered Accountant, becoming a member of the Institute of Chartered Accountants of England and Wales (ICAEW).

Demetris Taxitaris is a member of the Board of Directors of the Institute of Certified Public Accountants of Cyprus (ICPAC) and a member of the Board of Directors of the Cyprus Investment Funds Association (CIFA). For a number of years, he is an instructor in courses for investment management and the European regulatory framework for investments, covering fields such as MiFID, UCITS, AIFMD, Market Abuse and Transparency. He served as a member of the Advisory Committee on Investment Funds of the Cyprus Investment Promotion Agency (CIPA), a member of the Corporate Reporting Standing Committee’s Consultative Working Group of the European Securities and Markets Authority (ESMA) and a Chairman of the Stock Exchange and Capital Market Committee of ICPAC.

Demetris Taxitaris holds a BSc. Mathematics with Statistics from Imperial College (first class honours) and a MSc. Mathematical Trading and Finance from City University in London (distinction).

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Nicos Chimarides
Member
Curriculum vitae

Nicos Chimarides

Nicos Chimarides is a tax partner at PricewaterhouseCoopers Cyprus and also Consultant to the Ministry of Finance on matters related to conclusion of double tax treaties with other countries.

He is Vice President of the Board of Directors of the Institute of Certified Public Accountants of Cyprus (ICPAC) and member of the Institute of Chartered Accountants in England and Wales. He holds a B.Sc. in Economics with Computer Science from the University of London.

In the past, he has served as member of the Education Committee (president), member of the Stock Exchange Committee and vice - president of the Taxation Committee of ICPAC.

Nicos has published many articles on tax matters in newspapers, the ICPAC magazine and PwC publications. In addition, he has given many speeches on taxation at conferences in Cyprus and abroad.

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Odysseas Christodoulou
Curriculum vitae

Odysseas Christodoulou

Odysseas is a Fellow member of the Association of Chartered Certified Accountants (FCCA) and of the Chartered Institute of Bankers (FCIB). He is also holder of MBA with concentration in Finance as well as holder of the professional qualification Certified Management Accountant (CMA) of the Institute of Management Accountants of USA.

Odysseas worked with Coopers and Lybrand and in the banking sector with Marfin Popular Bank and Lombard Natwest Bank.

Since 1993 Odysseas works at Intercollege/University of Nicosia and he is a member of the Council of the University of Nicosia.  He was Executive Director of professional studies offering a wide range of qualifications for the financial services sector which later evolved to Globaltraining, an international professional training organization with centers in Cyprus, Greece and Romania and an innovative online course delivery center.

He has taught costing, management accounting and financial management.

Since 2012 he represents Cyprus at the International Assembly of ACCA.

He has served as a non-Executive Director in various Boards of public companies, and he is now a non-executive Director at Ancoria Bank.

 

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Gavriel Onisiforou
Curriculum vitae

Gavriel 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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Petros Petrakis
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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Savvas Poyiadjis
Curriculum vitae

Savvas Poyiadjis

Savvas Poyiadjis is the founder and managing director of Fidescorp Limited, an independent firm offering a wide range of audit, accounting, consulting and other professional services.

Prior to Fidescorp, Savvas worked for several years for PricewaterhouseCoopers in London and Nicosia, specialising in the service of regulated investment management companies and on international taxation matters.

Savvas is a member of the board of directors of ICPAC, a member of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of ISACA as a Certified Information Systems Auditor, an accredited mediator and a holder of BSc Computer Science (first class honours) degree from the University of Manchester.

 

Savvas is also a member of the Cyprus Investment Funds Association (CIFA), a member of the board of the Cyprus – Kuwait Business Association and has been a member of ICPAC’s special working group on corporate law.

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