Andreas Aloneftis has over the last 35 years been at the forefront of the development of the financial services industry in Cyprus, with a five year term as Minister of Defence for Cyprus from 1988 to 1993. He started his career with The Cyprus Development Bank in 1966 as a Junior Accountant and left 17 years later as Senior Manager, Investments. In 1983 he was involved in setting up the first investment banking institution in Cyprus, CISCO, and served as its General Manager until its acquisition by the Bank of Cyprus Group in 1988 during the same period he was appointed as Secretary of the Interim Committee for the establishment of a Stock Exchange in Cyprus. In 1993 he joined ALICO- AIG Life to run their life assurance business in Cyprus and subsequently ran the newly-formed Laiki Cyprialife and later all the assurance businesses for the Cyprus Popular Bank Group. Andreas also served as Managing Director of Allied Capital Ltd, a corporate turnaround specialist and Executive Vice Chairman of Alliance International Reinsurance plc, a risk carrier. From July 2003 to July 2006, he was Chairman of the Board of Governors of the Cyprus Broadcasting Corporation. From October 2005 to December 2011 Andreas served initially as a Business Consultant and from 2007 as Executive Director of IKOS CIF, the Hedge Fund company.
Andreas holds an MBA degree from the Edwin L. Cox School of Business, Southern Methodist University, in Dallas Texas. He also holds a professional qualification in Accounting and Finance and has done extensive postgraduate work towards a Doctorate in Business Administration degree with the Henley Management College in the UK in the area of Corporate Governance.
Andreas currently serves on the Board of Directors of a number of companies in the finance and technology sectors.