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Management Team
Dr. Nicos Michaelas​

Dr Michaelas joined Demetra in 2005 as the Managing Director.  Dr Michaelas possesses a balanced blend of academic and business experience in finance, investments and company/project development and management at senior executive level and an informed understanding of the capital markets and the international corporate business environment. Over the years he has gained diverse business and corporate experience through his participation on the Board of Directors of a number of the largest public companies in Cyprus with international operations.  He holds a BA(Hons) in Industrial Economics with Accounting from the University of Nottingham in the UK and a Ph.D. in Financial Economics from Manchester Business School.  He is a non-executive director of: Logicom Public Ltd, A. Tsokkos Hotels Public Company Ltd and NIPD Genetics Ltd.

Costas Paphitis

Mr. Paphitis graduated from Archbishop Makarios III Lyceum (Nicosia) in 1994, and received his Bachelor Degree (BSc (Hons)) in Accounting and Finance from the University of Warwick in the UK in 1999.  He then continued his studies as a Trainee Chartered Accountant in the Audit Department of KPMG in Nicosia and after qualification as a Chartered Accountant he was promoted to a supervisor and subsequently to a manager in the Audit Department of KPMG.  In 2006 he has been appointed as a Financial Controller of Demetra Investment Public Ltd, the largest investment company in Cyprus, a position he holds until today.  He is a Member of the Institute of Chartered Accountants in England and Wales (ICAEW) since 2003 and a Member of the Institute of Certified Public Accountants in Cyprus (ICPAC) since 2004.  

Sophocles Seraphides​

Mr Seraphides graduated from The English School (High School) in 1994, and received his Bachelor Degree BA(Hons) in Pure Economics from the University of Leicester in the UK in 1999.  He then continued his postgraduate studies at Westminster Business School in London. From the year 2001 until 2003 he has worked at Lefkoniko Stockbrokers Ltd (the Investment Banking Branch of the Cyprus Cooperative Banking Society) as Stockbroker.  In the year 2007 he has been appointed as Operation Manager of Demetra Investment Public Ltd, the largest investment company in Cyprus, a position he holds until today.  ​