Advisory Council

The Advisory Council of Faculty of Economics and Management of University of Cyprus (Advisory Council) consists of prominent personalities and distinguished professionals of the local and international business world. The Advisory Council serves as an advisory body on any aspect of the School’s strategy such as the implementation of its vision, present and future goals, the pursuit of close collaboration and interaction of academic and business world, as well as the learning experience offered. Therefore, the School receives advisory guidance from individuals with remarkable morals, prestige and experience, whose know-how and skills contribute significantly to the benefit of the School and the students who are the future innovators and entrepreneurs.

Advisory Council Composition 2020-2023

Sarris Michael (Chairman) – Former Minister of Finance of the Republic of Cyprus (2005-2008)

Michael Sarris studied Economics at the London School of Economics (BSc, 1967) and received his Doctorate from Wayne State University in the USA (1972). From 1972 to 1975 he worked at the Central Bank of Cyprus and the Bank of Cyprus. In 1975, he joined the World Bank where he covered a broad range of sectors in Africa, Latin America and East Asia and retired in 2004 as a Department Director. In September 2005, was appointed Minister of Finance, serving until the change in government in March 2008. From January to August 2012, he was Chairman of the Board of Directors of Marfin Popular Bank, and in March 2013 became again Minister of Finance for a brief period to negotiate Cyprus’s adjustment program. Since then, he has been lecturing and consulting.

Photiades Alexis (Vice-Chairman) – Managing Director, Photos Photiades Group

Alexis Photiades graduated in 1991 from Massachusetts Institute of Technology (MIT) in Economics (Major) and Computer Science (Minor). He was honored twice with the title “Scholar Athlete” for his great achievements both in the academic and the athletic field. A year after his graduation he entered the MBA Program of MIT Sloan School of Management with scholarship where he got his Masters in 1992.In 1992 he took charge of the Management of Eurocyprus Ltd, a company delivering food in Bulgaria. From 1997 until today he holds the position of Managing Director of the company Photos Photiades Group.

Georgiou Rea – Accountant General at Treasury of the Republic of Cyprus

Georgiou (FCA, BA Economics) is the Accountant General of the Republic since 3/11/2010, a post that is specified in the Constitution, managing and supervising all accounting operations and executing all of the financial transactions of the government. The Treasury of the Republic is also the competent Authority on Public Procurement in Cyprus. Rea Georgiou is leading the Public Financial Management reform of the Public Sector. Mrs Georgiou is the President of the Cyprus Public Audit Oversight Authority. She served as President of the Institute of Certified Public Accountants of Cyprus from 2001-2003.

Iacovides Lenia – Director, Great Place to Work Cyprus

Lenia Iacovides graduated from English School and has a degree in Economics. She specializes in the field of channel development, and linking personnel performance to business strategy. She has a 35-year long experience and expertise in global multinational organizations in diverse markets across Europe, Middle East and Africa and is a valued asset in the Board of Directors of Great Place To Work® Cyprus, an affiliate of a global network. She is a co-Founder and Managing Director of interFRONTIERS, a company which successfully helps to establish multi-national companies in emerging markets and works with them to grow their market presence. Prior to interFRONTIERS she worked as Emerging Markets Director for multi-national companies (NCR, AT&T, Gateway) helping them grow their market share and develop their presence in SEEMEA (South-Eastern Europe, the Middle East and Africa), from few or no representatives in the region into multi-million Dollar operations. She also worked in London with Moore Stephens, where she qualified as a Chartered Accountant.

Kambourides Miltos – Founder and Managing Partner, Dolphin Capital Partners

Miltos Kambourides is the Founder and Managing Partner of Dolphin Capital Partners, specializing in real estate investments and developments. He is also the co-founder of several other ventures including Enthoosia, an experiential entertainment company. Mr. Kambourides was previously a founding partner of Soros Real Estate Partners, a global real estate private equity business, formed in 1999 by George Soros. Prior to joining Soros, he worked at Goldman Sachs’ Real Estate Principal Investments team. He holds three degrees from Massachusetts Institute of Technology (MIT): BS and MS in Mechanical Engineering and BS in Mathematics and was a recipient of Fulbright and other scholarships. He has received several business and academic honors and participated twice in the International Math Olympiad and once in the Balkan Math Olympiad (bronze medalist). He travels extensively and has visited so far 139 countries/territories, including the geographical North Pole and Antarctica.

Kassianides Symeon – Chairman and CEO, Hyperion Systems Engineering Group

Dr. Symeon Kassianidis is the Founder, President and CEO of Hyperion Systems Engineering Group. Dr. Kassianidis holds a PhD and a diploma in Chemical Engineering from Imperial College of Science, Technology and Medicine of London (UK) and a BSc in Chemical Engineering from the Massachusetts Institute of Technology (MIT) of United States. Dr. Symeon Kassianides is an experienced CEO and Board Member with a demonstrated history of over 20 years working in Project execution, Process Industries, Technology and the Education Management industries. Strong business development professional skilled in Business Process, Business Planning, Operations Management, Analytical Skills, and International Business.

Klerides Takis – Chairman, Cyprus Economy and Competitiveness Council

Takis Klerides worked with international accounting firms in UK. He joined KPMG Metaxas Loizides Syrimis in Cyprus in 1977 and specialised in banking, finance and insurance. Mr. Klerides became a partner at KPMG in 1982 and remain in this position until 1999 when he was appointed Minister of Finance of the Republic of Cyprus (1999-2003). During his term as Minister of Finance, he was instrumental in the harmonisation of Cyprus legislation with the European Union and major Tax Reform that introduced low corporate and personal taxes. Mr. Klerides is a member of various Boards of public and private companies in Cyprus and overseas, as well as of charitable organisations. He is a Fellow of the Association of Chartered Certified Accountants (ACCA) of the UK and member of the Institute of Certified Public Accountants of Cyprus (ICPA). Since April 2013, Mr. Klerides has been the Executive Chairman of business advisory company CMK Eurofinance Consultants Ltd and is a director of a number of companies in Cyprus and abroad. In June 2018 he was appointed as the Chairman of the Cyprus Economy and Competitiveness Council.

Rouvitha Panou Rena – Chairwoman, Cyprus Telecommunications Authority (Cyta)

Ms. Rena Rouvitha Panou is an independent non-executive Director of the Boards of Eurobank S.A. and Eurobank Holdings in Greece. She was appointed the Chairperson of the Cyprus Telecommunications Authority (Cyta) in July 2016, a position to which she was reappointed for a second tenure in January 2019 until July 2021. Between 2019 and 2021 she was the Chairperson of the Management Committee of the Pensions & Grants Fund of the Personnel of Cyta, while she has also served as a Board Member of the Cyprus Employers and Industrialists Federation. Ms. Rouvitha Panou holds a B.Sc. Economics degree from The London School of Economics (Metcalfe Scholar), an M.Phil. Economics degree from the University of Cambridge and a Master of Science in Management degree from the Massachusetts Institute of Technology (Fulbright Scholar). From 1984 until 1991 she held executive positions in management and financial consulting based in Boston, USA. Between 1991 and 2006 she worked at Laiki Group (associate bank of HSBC) where she was, among others, Group Divisional Director, Group General Manager and Managing Director Laiki Bank Hellas. She has also served as a Member of the Boards of Directors of Laiki in Cyprus, Greece and Australia. From 2008 to 2014, Ms. Rouvitha Panou was the Chairperson of The Cyprus Development Bank, as well as its Russian banking subsidiary. She was a Member of the Board of Directors of Vassiliko Cement Works Public Company in Cyprus between 2012 and 2014 and an Independent Non-Executive Director of the Boards of Alpha Bank Cyprus (2015-2016), Alpha Leasing in Greece (2014-2020) and Alpha Bank Romania (2014- 2020).

Stylianides Christos – Former EU Commissioner for Humanitarian Aid and Crisis Management

Christos Stylianides is a Cypriot politician who served as the European Commissioner for Humanitarian Aid and Crisis Management from 2014 until 2019. In 2014 he briefly served as a Member of the European Council EU Ebola Coordinator. He was elected Member of the European Parliament in the May 2014 European elections where he served until October 31st 2014. He was twice appointed Government Spokesperson of the Republic of Cyprus (in 2013-2014 and in 1998-1999). He was responsible for the management of the Government’s communication strategy and was the head of the Government’s centralized Press and Information Office. During the period 2006-2013 he served as a Member of the Cyprus House of Representatives (elected in 2006 and 2011). During his tenure he served as Vice-Chair of the Committee on Foreign and European Affairs (2011-2013) and member of the Committee on European Affairs, the Committee of Internal Affairs and the Committee of Employment and Social Affairs (2006-2011). Between 2006-2011 he was a member of the OSCE Parliamentary Assembly and he was elected Member of its Bureau in 2012.

Vakis Demetris – Board Member, Head of Family Business KPMG in Cyprus

Demetris holds a BSc. in Computer Science and Accounting (Joint Honours) and is a fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW) and member of the Institute of Certified Public Accountants of Cyprus (ICPAC). He serves on KPMG’s Executive Committee and heads KPMG’s Markets which encompasses marketing and sales support. He has extensive experience both in Audit and in Advisory. He is the president of the Council of ICPAC and one of the four vice-presidents of the Board of the Employers and Industrialists Federation of Cyprus (OEB). Also, he is the President of the Cyprus-Hungary Business Association and a member of the Cyprus Institute of Internal Auditors of Cyprus. Demetris also serves on the Board of the Tech Faculty of the ICAEW.

Ex officio members
Charitou Andreas, Dean of the School of Economics and Management, University of Cyprus
Hadjiyiannis Costas, Vice Dean of the School of Economics and Management, University of Cyprus
Clerides Sofronis, Chair of Department of Economics, Professor of Economics, University of Cyprus
Karamanou Irene, Chair of Department of Accounting and Finance, Associate Prof. of Accounting, University of Cyprus
Soteriou Andreas, Chair, Chair of Department of Business and Public Administration, Prof. of Operations Management, University of Cyprus