3D Global receives SEC approval, appoints Cypriot board members

3D Global Financial Services Limited has become one of the first financial advisory company to be approved as an Investment Firm (KEPEY) by the Cyprus Securities and Exchange Commission (CySEC) under the Investment Firms Law 148(I) 2002.

The authorisation from the CySEC allows 3D Global to conduct core & non-core services including reception and transmission of orders, and investment advice.

3D Global managing director, David Rumsey, said “3D is now set to provide an unrivalled level of service to clients in Cyprus. We are fully committed to making top quality products and services available in a professional and regulated manner.”

3D Global was established in Cyprus in 1996 and now operates from its prestigious offices in Limassol. There are currently 12 active staff who hold qualifications issued by the Cyprus Ministry of Finance and the UK Chartered Insurance Institute amongst others. 3D Global has clients in 52 countries and the company is embarking on an extensive expansion of its local operations.

New Cypriot directors

In what the Financial Mirror understands is a stategic decision to expand its operations in the local market, 3D Global also announced the appointment of two new directors to its board, Frixos Savvides and Panos Galanos.

Savvides is, inter alia, Vice Chairman of Cyprus Airways, former health minister and founder of the audit firm PKF Savvides & Partners in Cyprus.

Ghalanos set up Hellenic Bank with Bank of America in 1976 and was later appointed Hellenic Bank chairman.

He has been a member of many other boards in Cyprus including the Central Bank of Cyprus,

KEO, EAC, Hellenic Mining Company, Vassiliko Cement and Cyprus Hotels Ltd.

3D Global’s Managing director David Rumsey said “We look forward to the contribution both Mr. Savvides and Mr. Ghalanos will bring to the future development and direction of 3D Global. We believe 3D Global is now extremely strong in the Cyprus market place.”