CCyyp­prroom­maann cch­haan­nggeess nnaam­mee ttoo CCPPMM

Financial Mirror (Cyprus) - - FRONT PAGE -

Cypro­man Ser­vices Ltd., the ad­vi­sory firm owned by KPMG Cyprus that has been pro­vid­ing man­age­ment ser­vices since 1996, had changed its name to CPM (Cor­po­rate Ad­min­is­tra­tion Ser­vices) to bet­ter re­flect the new business en­vi­ron­ment and the global needs of clients, said its Gen­eral Man­ager Costas Christo­forou.

Cypro­man hosted clients and as­so­ciates at a se­ries of events last week at the Cen­tre of Visual Arts and Re­search in Nicosia, with the new brand and cor­po­rate iden­tity pre­sented by Christo­forou.

“The man­age­ment deemed it was the right time for a change, to re­name and re­brand the company to re­flect the in­creased in­ter­na­tional na­ture of its ser­vices and op­er­a­tions,” he said.

The daugh­ter company Cypro­fund Ad­min­is­tra­tion Ser­vices Ltd. has also been re­branded to CPF (Fund Ad­min­is­tra­tion Ser­vices) to align with the CPM Group iden­tity.

Christo­forou said that both CPM and CPF are not so con­cerned with the “de­off­sho­ri­sa­tion” process un­der­way in Rus­sia, whereby Pres­i­dent Putin wants to re­trieve taxes from Rus­sian-owned com­pa­nies at home and abroad, as CPM’s ser­vices have al­ready suc­ceeded in hir­ing new staff and find­ing of­fice space for clients who have only re­cently moved their base to Cyprus.

“Our strong pres­ence in global mar­kets such as Rus­sia, Ukraine, In­dia, China, USA, UK and South Africa as well as many oth­ers – has in­creased the need for the company’s brand to re­flect on our rep­u­ta­tion and pro­fes­sion­al­ism.”

Cypro­man Ser­vices Ltd. (now CPM) was in­cor­po­rated in 1996 with its main fo­cus be­ing the pro­vi­sion of fidu­ciary ser­vices. Over the years, the company has grown sig­nif­i­cantly and has ex­panded the range of ser­vices of­fered.

To­day, CPM pro­vides a full range of ser­vices to in­ter­na­tional and lo­cal clients, in­clud­ing ma­jor multi­na­tion­als, bank­ing in­sti­tu­tions and high net worth in­di­vid­u­als. Th­ese ser­vices in­clude fidu­ciary, company ad­min­is­tra­tion and sec­re­tar­ial, ac­count­ing & book­keep­ing, es­crow, pay­roll and fund ad­min­is­tra­tion ser­vices. More­over, through its as­so­ciates, CPM also of­fers avi­a­tion, yacht­ing and crew man­age­ment & ad­min­is­tra­tion ser­vices.

Christo­forou said that from just three peo­ple 18 years ago, the company now em­ploys 80 peo­ple in their of­fices in Nicosia and Lar­naca.

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