Sberbank CIB Named Investment Advisory Firm of Year in Cyprus
OREANDA-NEWS. The Cypriot office of Sberbank CIB - SIB (Cyprus) Limited - has been named Investment Advisory Firm of the Year in Cyprus in Finance Monthly's M&A Awards 2015. The British magazine's annual awards, which recognise the achievements of advisory and legal firms in the top M&A deals from the past twelve months, have commended Sberbank CIB for its leadership and strong advisory capabilities in the Cypriot market.
Earlier this year SIB (Cyprus) Limited was presented an International Investment Award by the Cyprus Investment Promotion Agency for its significant contribution to the development of the island as an international business centre.
SIB (Cyprus) Limited has over a decade's experience in the local markets. In 2006 the company was licensed by the Cyprus Securities and Exchange Commission to carry out investment and ancillary services.
SIB (Cyprus) Limited plays an important role within Sberbank CIB in providing investment banking and financial markets services to a wide range of entities, including corporations, financial institutions and governmental entities. SIB's key areas of business are securities and derivatives trading, structured products and raising debt and equity capital. Furthermore, the company serves as a gateway for hedging Sberbank's positions with international counterparties.
Andreas Philaniotis, ‎Chief Executive Officer, SIB (Cyprus) Limited, commented: "I am very pleased to see Sberbank CIB's advisory skills and strong expertise in the Cypriot market recognised once again. The company prides itself on the strong local market knowledge in all regions in which it operates, and our team in Cyprus has shown exceptional insight over the past year to deliver effective and innovative financial solutions for clients."