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Who we are

Our life journey and yours

Our story

 

It all started helping others prepare themselves better for the future.

The seed of Ancoria’s journey was planted over 30 years ago, in 1987, when our founder Sievert Larsson, a Swedish Entrepreneur, started an insurance company in Cyprus together with his friend, Roger Akelius.

In 2007, Sievert made the decision to donate all his shares to the Sievert Larsson Scholarship Foundation, thus dedicating his life to helping others build better futures for themselves. In 2008, the company took the name of Ancoria Insurance.

Sievert’s mission —to provide educational opportunities to underprivileged children around the world— has been the backbone of everything Ancoria has accomplished as a company since.

Today, Ancoria continues to help people build better futures, by making financial security happen with flexible solutions for every life milestone.

The Sievert Larsson Scholarship Foundation, our majority shareholder, is still an inspiration for everything we do. All of our profits go to the Foundation to help children in need to secure the educational opportunities they deserve. To learn more about how we give back to the community, click here.

Our expertise

 

Transparency. Security. Diversification. Support.

Because securing your financial future is about more than just the numbers.

We know that achieving your financial goals is about much more than just choosing the right savings, investment or retirement plan.

It’s about having open access to the information you need to make informed decisions about your future, and knowing that your investments are not just in good hands, but that your financial security is their primary objective.

This is not just what we’re good at, it’s our philosophy.

Thinking about financial security?

We can make it happen.

Disciplined investment process

Disciplined investment process

We consistently apply a thorough investment process in all our Funds, refined over more than three decades and tested in different market conditions.

Open access

Open access

We give you open access to our latest fund prices, performances and fund assets, so you always know exactly how your money is being invested.

Open architecture

Open architecture

We select our investments based strictly on independent screening and recommendations from our international partner institutions, being always impartial and objective.

One-on-one guidance

One-on-one guidance

We don’t outsource. When you seek guidance from Ancoria, you’ll be speaking to one of our own investment specialists, who can help you understand your options, so you can make better financial decisions for your future.

Beyond security

Beyond security

Solvency ratios are a way for investors to judge how seriously an insurance firm takes its ability to meet its short- and long-term liabilities. This is why our solvency ratio is consistently among the highest in Europe.

Globally diversified solutions

Globally diversified solutions

Our funds are globally diversified, offering you exposure to prime investments from all over the world, maximising returns for your risk appetite.

Our people

 

Board

 

Sievert Larsson

Founder

After completing his studies, Sievert pursued his professional career as a programmer and IT specialist with the Swedish Ball Bearing Factory SKF, until 1977.

With Roger Akelius, Sievert founded and ran several successful companies, including Ancoria. On 1st July, 2007 Sievert donated all his Ancoria Insurance shares to the Sievert Larsson Scholarship Foundation. All profits from the insurance company were henceforth used for charitable purposes.

John Loizou

Chairman of the Board

John was appointed Chairman of the Board in 2007. He holds the position of Director and Chief Executive Officer of Ancoria Bank since its establishment in 2014. Previously, he was Chief Executive Officer for Ancoria Insurance, where he began working in 1989.

John studied at Queens College New York, has a postgraduate degree from the Bernard M. Baruch College of the City University of New York and is a member of the Association of International Certified Public Accountants.

Tasos Anastasi

Chief Executive Officer / Board Member

Tasos was appointed Member of the Board in 2015 after becoming Ancoria’s Chief Executive Officer. He has been working in financial services since 1999, in the UK, Greece and Cyprus, mainly in wealth management. He was Head of the Business Development Unit for the Wealth Management Division of Eurobank (Cyprus) from 2007 until 2014.

Tasos has a Master's Degree in Finance from the London Business School and a BSc in Accounting & Finance from the London School of Economics and Political Science.

Maria Konomou Tzirtzipi

Deputy CEO & Chief Financial Officer / Board Member

Maria joined Ancoria Insurance in 1996 and was appointed a Member of the Board in 2015. She has held the position of Chief Financial Officer since 2007. At the beginning of 2019, she was appointed Deputy CEO. Previously, she worked as an accountant.

Maria is a Certified Public Accountant from the University of the State of New York, a member of the American Institute of Certified Public Accountants (AICPA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). She has a BBA in Accounting and Finance from Baruch College, the City University of New York.

Evgenia Christodoulou

Board Member

Evgenia was appointed Member of the Board in 2014. She held the position of Director, Deputy CEO and Business Development Manager for Ancoria Bank from November 2014 until August 2019. Evgenia worked at Bank of Cyprus from 1994 to 2013, in the area of Branch Retail Banking and as the Area Manager of a network of retail branches and SME units for two regions, Debt Recovery and Provisioning and Private Banking.

Evgenia is an Associate Chartered Accountant (ACA) of the Institute of Chartered Accountants in England and Wales. She has a BSc in Economics from the London School of Economics and Political Science.

Christos Ierodiakonou

Board Member

Christos was appointed a Member of the Board in December of 2018. He has worked for Deloitte Ltd (Cyprus), MRI Alpha Audit and he is currently a member of the Board of Directors of Ekkeshis Ierodiakonou Limited, an independent provider of professional services in Cyprus. He has extensive knowledge and experience in audit and financial reporting as well as direct tax and VAT.

Christos is a qualified chartered accountant, a fellow of the Institute of Chartered Accountants in England and Wales and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). He graduated from Imperial College London with a BSc in Mathematics and Statistics with a First Class Honours Degree.

Afxentis Zemenides

Board Member

Afxentis Zemenides was appointed a Member of the Board in January 2019. He has worked for KPMG (Cyprus), Limassol Cooperative Savings Bank and Cyprus Cooperative Bank (CCB). He held major managerial positions at CCB, including Regional Manager for Restructurings (Limassol and Paphos) and Limassol Regional Manager for Retail Banking.

Afxentis is a Chartered Certified Accountant, a fellow of the Association of Chartered Certified Accountants (FCCA), and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). He has an MBA from the University of Kent, UK.

Senior Management

 

Eleni Constantinou, CFA

General Manager, Products Division

Eleni joined Ancoria in 2014 and currently holds the position of General Manager of the Products Division. Eleni comes from a solid banking and investment background. Before joining Ancoria, she headed the Group Institutional Wealth Management and Treasury Markets for Bank of Cyprus.

Eleni is a CFA charterholder. She has a Master's Degree in Financial Mathematics and a BSc (Honours) in Mathematics from the University of Warwick.

Minas Mettas

General Manager, Sales Division

Minas joined Ancoria in 2015 and currently holds the position of General Manager of the Sales Division. Minas has worked in financial services throughout his career and has held various positions in private banking, asset management and investment banking both in the UK and Cyprus. Prior to joining Ancoria, Minas was a Senior Financial Advisor in Private Banking at Eurobank Cyprus.

Minas holds an MBA from London Business School with a concentration in Finance and an MEng in Information Systems Engineering from Imperial College London. Minas also holds an Advanced Certificate from the Cyprus Securities and Exchange Commission.

Christis Michaelides

General Manager, Limassol District

Christis joined Ancoria in 2015 and currently holds the position of General Manager of the Limassol District. He has a diverse professional background and has worked in the United States as a qualified financial adviser. He has held various managerial positions in Cyprus in financial services, telecommunications and in the international corporate and fiduciary sectors.

Christis holds a Master's Degree in Marketing and is a member of the Chartered Institute of Marketing. He is currently on the Board of Directors, and the VP for Sweden, of the Cyprus Nordic Countries Business Association.