Aristeus Financial Services Ltd was established in Cyprus in 2016.


Incorporated on 6th July 2016 with registration number HE357502, Aristeus received its operating license (number 324/17) on 3rd May 2017 as a Cyprus Investment Firm authorized to offer investment and ancillary services and in particular portfolio management and investment advice.


Aristeus provides clients with these services from its offices in Nicosia, Cyprus.

our vision

Provide comprehensive asset management and ancillary services through in-depth research across geographies and asset classes, investment selection and portfolio construction and management, all within a rigorous risk management system to meet the specific risks adjusted return objectives of each of our clients



Aristeus is uniquely focussed on providing investment portfolio management to discerning clients.


Aristeus puts clients’ interests first. We strive to understand their needs and tailor solutions through appropriate asset allocations and bespoke portfolio design contingent on their return objectives and risk appetites.


The chance of successfully meeting each client’s unique goal increases when costs remain contained and discipline is maintained in the face of informational and behavioural challenges. Rebalancing when necessary and adjusting strategies only infrequently is critical to attaining long term success.


Target high single digit returns with volatility levels less than equities through investing in a diversified, global mix of predominantly public and liquid securities across the major traditional classes; equities, bonds and cash.


Supplement clients' exposure to traditional asset classes with selective exposure to alternative and less liquid asset classes; private equity, hedge funds and property.


Undertake all asset management within rigorous risk management standards and parameters established and managed by the Aristeus' risk management team.


Maintain regular contact with clients through regular reporting, quarterly investment committee meetings and client meetings.


Build and maintain high level of investment professionalism, ethical standards and social responsibility.


Build and maintain international partnerships with banks, brokerage firms and investment research resources, allowing us to access a comprehensive range of investment opportunities, enabling Aristeus to better attain the investment objectives of our clients.


Jeremy Downward

Paris Frangoulis

Executive Director

Executive Director

In 2016 Jeremy set up Aristeus, a fully regulated asset management firm in Cyprus and is the company’s CIO.


In 2001 Jeremy set up a family office managing the investments of a prominent European family. The office made investments across the asset class spectrum in developed and emerging markets. He acted as CIO until late 2015 and remains a board member.


Previously Jeremy was a founding partner and board member of Greece’s first investment bank, Alpha Finance from 1989 to 2001. Alpha Finance listed on the Athens Stock Exchange is April 1995 and was sold to Alpha Bank in 2001.


Prior to Alpha Finance he worked at Continental Illinois Bank in New York, Athens and Piraeus.


Jeremy graduated from Leeds University in 1976.


He sits on the boards or advisory committees of various companies, investment vehicles, educational bodies and NGOs.


Jeremy is also a holder of CySEC Advanced Certification.

Paris founded Black Swan RAC in 2016, a consultancy firm advising on risk, compliance and macro analysis. Formerly, he was the CRO at Alpheus Advisors SA, a major European family office.


He started his career with Maple Partners UK, a London based proprietary hedge fund manager where he worked as a quant in risk and trade. He left Maple in 2004 to set-up the RM unit at Egnatia Finance SA a major Greek brokerage/asset manager.


Paris holds a Durham University PhD researching the frequency of arbitrage opportunities in the FTSE100 options market. He holds a MSc in Business Finance and an Engineering degree from the University of London.


Paris worked extensively with regulatory authorities when applying for model approval or under supervision. He taught Financial Engineering and Econometrics at the University of Durham and his current business and research interests lie in risk management, asset allocation, time-dependent risk exposure and macroeconomic trading.

Kristiana Tsingi

George David

Executive Director

Non-Executive Director

Kristiana joined CySEC regulated Aristeus in 2018 and is currently responsible for AML and Regulatory Compliance.


In 1999 she joined a family office and worked there for 19 years serving over time as back office manager and operations manager as well as being responsible for human resources. Prior to that, she worked as a financial analyst and assistant to the CFO of Soya Hellas SA.


She holds a BSc in Banking and Finance from the University of Illinois at Urbana-Champaign and is also a holder of CySEC Advanced Certification.

George served as Chairman of the Board of Directors of Coca-Cola HBC AG from 1981 to 2016.  He serves on the boards of Petros Petropoulos SA and Kar-Tess Holding. He is a member of the board of the AG Leventis Foundation, chairman of the Centre for Asia Minor Studies, vice chairman of the Council of the University of Cyprus, Regent of the University of Edinburgh and a member of the Honorary board of the Hellenic Foundation for European and Foreign Policy. He began his career in 1959 with a group of companies controlled by his uncle AG Leventis in Nigeria.  George is also a member of the Social Responsibility Committee of Coca-Cola HBC AG.  He graduated from the University of Edinburgh in 1959.

Henry C. Leventis

Kyproulla Karantoni

Non-Executive Director

Non-Executive Director

Henry is currently a member of the Leventis/David Group, a family group with interests in bottling and other diversified investments, and serves on the board of the Nigerian Bottling Company.


He has a background as an equities analyst, and holds an MBA from London Business School.  Henry also has a MChem degree from the University of Oxford, and a PhD from Imperial College London.

Kyproulla is a Director at Fiducitrust Services Ltd, a licensed corporate service provider in Cyprus and has also been appointed as a Member of the Council of the Cyprus Stock Exchange.  Kyproulla has over 14 years professional experience and is a member of the Institute of Chartered Accountants in England and Wales and the Institute of Certified Public Accountants of Cyprus.  Previously she had joined KPMG in Nicosia, where she qualified as a chartered accountant.  Following her studies, she worked with Andersen in London (People Strategy Consulting Department).  Kyproulla studied Management and Systems Science at City University (CASS) of London.

Andreas Theophanous

Non-Executive Director

Andreas Theophanous is the Chief Executive Officer of MFO Asset Management Ltd, an AIFM and UCITS Management Company. He is a qualified chartered accountant from the Institute of Chartered Accountants of England & Wales.


Andreas was trained and worked for 12 years with KPMG in Nicosia, where he was Audit Principal and Assistant Head of Quality & Risk Management.  He is a member of the Institute of Certified Public Accountants of Cyprus, and of the Cyprus Investment Funds Association, where he also served as Chairman of the Ethics and Risk Management Committee.


Andreas studied Accounting at the University of Hull in the UK, and then pursued a Master’s degree in International Consultancy & Accounting at the University of Reading in the UK. He is also holder of CySEC Advanced Certification

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Our Address

Acropolis Tower, 1st Floor

66 Acropoleos Avenue


2012 Nicosia



Tel: +357 22021076

Fax: +357 22021072

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© Aristeus Financial Services Ltd | All Rights Reserved

Regulated by The Cyprus Securities and Exchange Commission, License No: 324/17