George Karatzias appointed chairman of CySEC

Nicosia, Cyprus. George Karatzias has been appointed chairman of the Cyprus Securities and Exchange Commission (CySEC), following a Council of Ministers decision on Tuesday that was confirmed by the commission on Wednesday.

Loukas Lagoudis was appointed vice chairman, while Andrea Moundis Savvides joined the commission’s board.

Previous roles

Karatzias previously served as CySEC vice chairman from September 2021 until April 2024.

From May 2024 until his appointment as chairman, he was an executive member of the Board of Directors of the Central Bank of Cyprus.

Priorities outlined

Karatzias said assuming the CySEC presidency was both an honour and a significant responsibility, adding that he recognised the commission’s role and mission.

He thanked the President of the Republic, the finance minister and the Council of Ministers for their confidence in him.

Karatzias said CySEC was responsible for safeguarding market transparency, integrity and the orderly functioning of financial markets. He said its role was becoming increasingly important as markets evolved and faced new challenges and opportunities.

He identified effective and modern supervision, stronger investor protection, and a framework supporting transparency, innovation and the sustainable development of the capital market as priorities.

Karatzias said he would work with the vice chairman, board members and CySEC staff to strengthen the institution and protect the credibility of the Cypriot capital market.