The Firm

Hanseatic Capital Management Limited (“HCM”) is a private and independent Alternative Investment Fund Manager (AIFM), licensed and regulated by the Cyprus Securities and Exchange Commission (“CySEC”), with AIFM License Number AIFM 21/56/2013. HCM has a track record that includes establishing its own funds, as well as managing a number of third-party funds through its hosting platform.

As a fully licensed and compliant EU fund manager, managed by a highly skilled and diverse board of directors, HCM can provide investment funds across the European Union a management platform solution – an alternative to establishing their own fund management company at a fraction of the cost and time. Funds hosted under HCM’s existing platform benefit from operational cost efficiencies, existing middle and back office operations, and speed to market – without sacrificing their independent identity.

The platform solution can support funds of any size and type, providing the full spectrum of fund management functions, including portfolio management, risk management, compliance/AML and administration. HCM can assist fund managers in selecting which of the functions they would prefer to perform internally, outsourcing the rest to HCM in a seamless environment.

HCM is part of the Schulte Group [link: https://www.schultegroup.com/], a leading German family-owned ship-owning and ship-management company with a history of more than 135 years in the maritime industry. The Schulte Group employs 18,000 seafarers and 2,000 people on shore through its global network of offices in over 30 locations, while its business activities span across ship owning, ship management, maritime software development, logistics solutions and other maritime services.

The Schulte Group and its shareholders strive to maintain financial stability and independence. Preserving its strong reputation, keeping commitments and maintaining good relationships with business partners are of fundamental importance to the Schulte Group.

HCM was established in 2018 and is headquartered in Limassol, Cyprus.

Cyprus as a Fund Domicile

As a jurisdiction, Cyprus has been established as a competitive fund management centre, particularly for structures aiming to benefit from a regulated regime in the European Union, with local operations benefiting from:

  • Attractive Tax Regime: Funds (AIFs/RAIFs) benefit from significant tax incentives, including 65+ double tax treaties.
  • Regulatory Framework: Full implementation and enforcement of EU directives and standards, including strict AML regulations.
  • Professional Services Infrastructure: A robust legal, financial and other professional services infrastructure, creating a cost-efficient ecosystem for fund management.
  • Low Set-up and Operational Costs: Low set-up fees and annual maintenance costs, with minimum registration and response times.
  • EU Fund “Passporting” Capabilities: Allows marketing funds in any of the 30+ countries in the European Economic Area.

Structuring Flexibility: Any asset type can be included in the investment strategy of an AIF. AIFs and RAIFs can be set-up as umbrella funds with multiple investment compartments (sub-funds), allowing for the management of different asset pools.

Board of Directors

Mr. Stelios Demetriou

Executive Director

Stelios Demetriou was appointed as Executive Director and Chief Risk Officer of Hanseatic Capital Management Limited. He previously worked for C.P. Palema Administrator Ltd, C.P. Palema Ltd and KPMG in the fields of fund administration, corporate services and assurance. Stelios holds a degree in Business Administration with concentration in Finance from Montclair State University. He is a Member of the Institute of Chartered Accountants in England and Wales and a holder of the Advanced Certificate in Fund Administration.

Mr. Andreas Loizou

Non-Executive Director

Andreas Loizou is currently an executive director for a private equity fund, as well as a non-executive director for an alternative investment fund manager. Andreas is a seasoned professional with two decades of experience in the financial and professional services industry. Over the last decade, he has accumulated extensive experience in fund administration and management, as the head of fund administration services for one of the largest fiduciary service providers in Cyprus, as well as the CFO at a CySec regulated investment firm. Previously, Andreas has worked for PwC as a senior auditor and spent several years as the CFO of a publicly traded company. Andreas is a Fellow Chartered Certified Accountant (FCCA) and holds the Advanced Certificate in Fund Administration, while academically, he holds a degree in Accounting and Financial Management from the University of Buckingham and an MBA in Banking Management from the University of Exeter.

Ms. Chrystalla Neophytou

Non-Executive Director

Chrystalla Neophytou is an experienced legal practitioner specialising in financial services law and extensively advising several financial institutions, corporations, fund managers and funds on various legal and regulatory matters. Chrystalla is also currently a non-executive director to a CySec regulated investment firm and to an electronic money institution authorised by the Central Bank of Cyprus. She has previously been the head of financial services legal practice at PwC Legal and spent several years at a couple of the most prominent legal firms in the eastern Mediterranean region, advising on corporate law, cross-border mergers and acquisitions, joint ventures, financing agreements and corporate structures. Chrystalla has been a member of the Cyprus Bar association since 2007. She holds a degree in Law from the University of Leicester and a degree in International and European Studies from Panteion University.

Mr. Demetris Nicolaou

Executive Director

Demetris Nicolaou was appointed as Executive Director and Head of Portfolio Management of Hanseatic Capital Management Ltd. He previously worked for Alpha Bank Limited as the Head of Asset Management and as the Co-Portfolio Manager for Emerging Markets Management LLC in the USA. Demetris holds a degree in Finance & Economics and an MBA in International Finance, both from the American University Kogod School of Business. He is a CFA Charterholder and a holder of the Certificate in Company Direction by the U.K. Institute of Directors.

Mr. Yiannis Sykas

Non-Executive Chairman

Yiannis Sykas joined Bernhard Schulte Shipmanagement in 2008 and served as the Deputy CFO from January 2012 until July 2015 when he was appointed as Director of Strategy and Product Development. Yiannis previously worked for KPMG, Moore Stephens and PwC in the field of assurance and business advisory with shipping as his industry focus. Yiannis holds a degree in Electrical Engineering and Electronics from the University of Liverpool and an MBA in Information Technology Management from the University of Leicester. He is a Fellow of the Institute of Chartered Accountants in England and Wales.