• Skip to content
  • Skip to navigation
Global site
  • Global site
  • Algeria
  • Botswana
  • Cameroon
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Malawi
  • Mauritius
  • Morocco
  • Namibia
  • Nigeria
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Anguilla
  • Antigua
  • Argentina
  • Aruba, Bonaire, Curacao and St. Maarten
  • Barbados
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada LLP
  • Canada RCGT
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Ecuador
  • El Salvador
  • Grenada
  • Guatemala
  • Honduras
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St Kitts
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad & Tobago
  • Turks and Caicos Islands
  • United States
  • Uruguay
  • Venezuela
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Mongolia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Israel
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • North Macedonia
  • Northern Ireland
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • UK
  • Uzbekistan
  • Bahrain
  • Egypt
  • Jordan
  • Kuwait
  • Lebanon
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates
  • Yemen
Grant Thorton Logo

Grant Thornton Logo Grant Thornton logo

  • Insights
  • Services
  • Industries
  • Meet our people
  • Careers
  • Locations
  • Academy
  • Advisory
  • Assurance
  • Tax
  • Outsourcing
  • Digital Risk
  • Insolvency and asset recovery
  • Distributed Ledger Technology
  • Regulatory Compliance and Fund Services
  • Quantitative Risk
Advisory Home
  • Compliance and development
Tax Home
  • Indirect Tax
  • Direct Tax
Digital Risk Home
  • Privacy and Data Protection
  • Governance, Risk and Compliance (GRC)
  • ISO 27001 and ISO 27701
  • SOC 1,2,3
  • Incident Response
  • Hacking Services
  • Cyber Health Check
  • Dark Web Threat Intelligence
  • Digital forensics and electronic discovery
Insolvency and asset recovery Home
  • Insolvency
  • Crisis stabilisation and turnaround
  • Operational and financial restructuring
  • Accelerated M & A
  • Consumer products
  • Energy & resources
  • Financial services
  • Technology
  • Travel, tourism & leisure
  • Real estate & construction
  • Not for profit
  • Public sector
Consumer products Home
IBR In uncertain times, agility is a necessity for exporters
Our IBR global business executive survey found that export expectations hit an 18-month high in the first quarter of 2017 after years of economic stimulus by governments and central banks take hold.
Travel, tourism & leisure Home
Travel, tourism and leisure Business model innovation: hotels' roadmap to 2020
Guests are less loyal and more demanding than ever before. They use online travel agents (OTAs) and aggregators to find the best hotels and deals – which helps operators fill their rooms, but at a cost.
Not for profit Home
Not for profit The politics of international student mobility
The international student market is growing, and proactive higher education institutions will work with policymakers to shape the agenda.
  • The Grant Thornton Difference
  • Experienced hires
  • Students
The Grant Thornton Difference Home
  • In the community
  • Diversity and inclusion
  • Global talent mobility
  • Learning and development
  • Our values
  1. Cyprus
  2. Press
  3. Press releases 2020
  4. Grant Thornton Cyprus and Ireland launch quantitative risk offering

Grant Thornton Cyprus and Ireland launch quantitative risk offering

09 Nov 2020
  • Grant Thornton Cyprus and Ireland launch quantitative risk offering

Grant Thornton Cyprus has launched a quantitative risk service offering. The service will be a joint venture with Grant Thornton Ireland.

The offering will allow Grant Thornton Cyprus to provide market-leading services, including: Data science & analytics; Model development and assurance; and, Portfolio risk management, to banks and financial services institutions in Cyprus and the region. Such services encompass key risks, including credit risk and span a range of requirements, such as: IFRS9 models; IRB; Stress Testing; and other forecasting models.

As well as resource, capability and practical support from Grant Thornton Ireland and the Grant Thornton network, Andreas Spyrides has been appointed as a Director and Head of Quantitative Risk, in Cyprus. Andreas joined Grant Thornton Cyprus on 1 October 2020 and he has more than 7 years of experience in the international financial services industry. Andreas joined the firm from Barclays Bank in London where he held the position of Vice President and lead a team of analysts in the Wholesale Credit Risk department. He is a CFA charter holder and holds a M.Sc. in Banking and Risk from The University of Edinburgh and a B.Sc. in Computer Science from The University of Surrey.

“We are all very proud for our joint venture agreement with Grant Thornton Ireland as it strengthens our relationship and also builds on the launch of the newly established department, giving an enhanced advisory service to our clients” said Stavros Ioannou, CEO Grant Thornton Cyprus.

Dwayne Price, Partner, of Grant Thornton Ireland stated: “Financial institutions across the EU are facing increasing complexity and are critically dependent on accurate risk modelling for numerous reasons. Cypriot and other Eurozone banks face the same regulatory challenges and requirements as their ECB regulated peers. Our expertise, regulatory insight and national market knowledge will allow us to deliver solutions that satisfy all stakeholders requirements.”

  • Twitter icon
  • LinkedIn icon
  • Facebook icon
Connectclose
  • Meet our people
  • Contact us
Aboutclose
  • About us
  • Careers
  • Press
  • Code of conduct and complaints reporting
Legalclose
  • Privacy
  • Disclaimer
  • Sitemap
  • Cookie policy

© 2021 Grant Thornton (Cyprus) Ltd - All rights reserved. "Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

    • EN