Depfa Investment Bank changes Cyprus corporate structure

The German Depfa Group announced that due to a restructuring of operations, Depfa Bank Plc Dublin has taken over the Cyprus branch of Depfa Investment Bank Limited (DIBL) from October 1.

Following the change, all the assets of DIBL, that has been operating in Cyprus with a branch since 1998, have been transferred to Depfa Bank plc.

DIBL’s Executive Director, Dr. Marcel Morschbach, has been appointed Chief Auditor of the Depfa Group, while local Director, Lambros Charidimou, will remain in charge of the commercial operations in Cyprus.

George Pavlides is the new manager of the branch and Marina Karantoki the deputy manager.