Board of Directors

Pancyprian Insurance

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Mr. Phivos Stasopoulos

Born in Nicosia in 1967, he holds BA in Accounting, Finance and Econometrics from the University of Manchester in the United Kingdom, and since 1993 is a member of the Institute of Chartered Accountants of England & Wales. After working four years at KPMG UK, he returned to Cyprus in 1994 to work in Bank of Cyprus as Director of Recoveries, Nicosia Business Manager, Nicosia Regional Director and General Manager of Corporate Businesses.  In 2013, he left Bank of Cyprus to provide consultancy services to Cypriot companies, mainly in debt restructuring and financial advice. In April 2016, he joined the Hellenic Bank and holds the position of General Manager of the Group, Business & Insurance Division since August 2016.

Mr. Socratis Demetriou

Born in Alexandria, Egypt, on August 18, 1960. He holds a Fellow Chartered Insurance (FCII) degree with specialization in the Reinsurance, Marine Insurance and other Specialized classes.   He is a member of the Board of Directors of the Association of Insurance Companies of Cyprus and other Committees of the Association.  He has been working in the insurance industry since 1983 with experience in an Offshore Insurance Organization abroad, where he was responsible for accepting risks and reinsurance in the Middle East region.  He was employed by Pancyprian Insurance Ltd in 1994 as Responsible for Underwriting and Reinsurance. He was appointed Member of the Board of Directors of Pancyprian Insurance on 21 May 2014. 

Mr. George I. Iakovou

He was born in Larnaca on August 30, 1975. He holds a BA Accounting & Finance degree from Manchester Metropolitan University in the UK and is a member of the ACCA. He has been Chief Financial Officer - Iacovou Brothers (Constructions) Ltd and since 2003 he holds the position of Chief Financial Officer of Iacovou Brothers (Constructions) Ltd Group. He is also a member of the Board of Directors of several Iacovou Brothers (Constructions) Ltd. Group companies. Since 2006, he is a member of the Audit Committee of Hermes Airports Ltd, which oversees the activities of the Company's Accounting, Financial Department and Internal Audit. Since 2007 he has been a member of the Board of Directors of Hellenic Copper Mines, which is active in the production and export of copper. He was appointed Member of the Board of Directors of Pancyprian Insurance on 1 January 2012.

Mr. Marios M. Michaelides

He was born on July 27, 1959. He graduated from the Second Limassol Secondary School and studied Economics at Lyon 2 University in France.  He is Certified Accountant - Fellow of the Association of Chartered Certified Accountants.  He worked at the Elliots Chartered Accountants House in the United Kingdom and returned to Cyprus in 1991 to become Chief Financial Officer of ESEL-SPOLP Ltd in Limassol. Since 1998 he has been providing audit and accounting services through his company, M.M.C.A. Audit Ltd. From February 2011 until November 2013, he was Independent Non-Executive Member of the Board, Chairman of the Internal Audit Unit and Member of the Limassol Co-operative Savings Bank Risk Management Committee. He was a Member of the Board of Directors of Hellenic Bank from December 2013 until May 2014. He was appointed Member of the Board of Directors of Pancyprian Insurance on 21 May 2014.

Mr. Christodoulos Hadjistavris

Born on 20 October 1981. Graduated from the A’ Kykkos Lyceum in Nicosia and studied Mathematical Science with Finance and Economics at the City University in London. A Chartered Accountant – Member of the Institute of Chartered Accountants in England and Wales. Worked in the international Audit Firm / Financial Advisors Pricewaterhouse Coopers from 2004 to 2008 and afterwards in Group Strategy, Mergers & Acquisitions of the Bank of Cyprus. Since 2014 works at Wargaming Group Ltd as Investment Portfolio Manager. Elected Member of the Board of Directors of Pancyprian Insurance Limited on 21st May 2014.  Member of the Board of Directors of Hellenic Bank since May 2014. Member of the Audit and Remuneration Committees of the Bank’s Board of Directors.

Mr. Petros Arsalides

Born on 15 May 1968. Graduated from Acropolis Lyceum in Nicosia and studied Economics and Accounting at the Oklahoma State University, United States of America (B.Sc. and M.Sc. in Accounting, specializing in Audit Services as well in Entrepreneurial Services). He is a Certified Public Accountant (C.P.A.), Member of the American Institute of Certified Public Accountants and the Institute of Certified Public Accountants of Cyprus. Served as Audit Senior Manager in Audit Firm Ernst & Young in Dallas, Texas, United States of America for 5 years, specializing in Audit and Consultancy Services to corporations mainly in the Air Transport, Technology and Construction Sectors. Subsequently, worked in Audit Firm Arthur Andersen in Cyprus as a Manager, specializing in Audit and Consultancy Services to Offshore Companies. Since 1997 works in Hellenic Bank Group, at the beginning as a Senior Officer in Group Financial Management and since 2000 as a Financial Controller of Group subsidiary companies Pancyprian and Ledra Insurance. Elected Secretary of the Board of Directors of Pancyprian Insurance Ltd on 22 May 2006. In 2008 appointed Deputy General Manager of Pancyprian Insurance Ltd, a post he held until 6 February 2015, when appointed Company Secretary of Hellenic Bank Public Company Limited.

Mr. Adamos Savvides

He was born on 7 March 1981. He graduated from the Second Lyceum of Kykkos in Paphos and holds a degree in Actuarial Science from the London School of Economics University in London. In addition, he is a Certified Accountant (ACA), a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and a member of the Association of Certified Public Accountants of Cyprus (ICPAC). He worked at Deloitte International Audit Firm from 2004 until 2014, at the Audit Department (2004 - 2007) and then at the Financial Consulting Services Department (2008 - 2014). Since January 2015 he has been working with Wargaming Public Company Ltd as Investment Portfolio Manager. He was elected Member of the Board of Directors of Hellenic Alico Life Insurance Company Limited on May 14, 2015.