Finding Win-Win Solutions to Clients’ Problems

The Global Markets Unit is an integral part of the Eurobank Cyprus' investment banking business and plays a crucial role in the Bank’s Treasury and Asset-Liability Management. In close cooperation with Wealth Management, Corporate and International Business Banking and other teams, Global Markets facilitates execution services for Foreign Exchange, Equities, Fixed Income and derivative products, as well as several in-house investment and risk management solutions. Through Global Markets, our clients enjoy a single point of access and a gateway to local and international markets and a wide range of financial solutions through an extensive network of counterparties.

In the dynamic world of finance, access to global markets offers myriad opportunities and tools necessary to overcome the challenges presented in the current ever-changing environment. For businesses seeking to thrive in this complex setting, specialised expertise and strategic insights are indispensable. At Eurobank Cyprus, our Global Markets Unit provides comprehensive services and solutions that empower our clients to take advantage of financial opportunities globally and offers access to tools for the effective management of risks arising from FX and interest rates and other market risks. By leveraging these services and solutions, clients can consider a broad spectrum of options and make informed decisions, capitalise opportunities and safeguard their financial positions.

In the past years, international markets have undergone a sweeping change and market participants have witnessed unprecedented levels of volatility, fuelled by the COVID-19 pandemic and its social and economic repercussions, geopolitical tensions in several areas around the world, and economic uncertainties due to high interest rates following a 180-degree change to monetary policies. During these volatile times, Global Markets has stood beside our clients and offered solutions to their risk management needs, such as FX hedging – either through FX spot, FX Forwards or FX options transactions – and interest rates hedging, through interest rate swaps, interest rate caps and floors.

Our Global Trading Desk provides complete access to international markets, covering different time zones by operating for extended hours from 9:30am to 11pm. Our Bank recently implemented a new, state-of-the-art technological infrastructure that strives to enhance the client experience and make our cooperation with clients faster and more efficient. A digital solution for the timely monitoring of portfolio performance and the submission of orders and instructions to our execution desk is available to our clients, complementing the traditional channels of communication and aiming for swift and effective execution, even in highly volatile markets.

In addition to execution services and client solutions, Global Markets is responsible for overseeing the Bank’s balance sheet and ensuring effective Asset-Liabilities Management: a continuous and vigorous process that aims to ensure that the risks stemming from its operations are prudently managed and remain within the regulatory guidelines and the Bank’s own risk appetite. Through this process, Global Markets ensures that the Bank manages unwanted risk, maintains an optimal combination of exposures and enjoys a robust balance sheet structure, strengthening profitability, stability and the trust of clients in our Bank. At Global Markets, we constantly monitor macroeconomic, geopolitical and market developments and, in cooperation with other Bank departments, employ a wide range of sophisticated financial tools and take timely actions in a prudent and proactive manner with the aim of achieving our mandate.

At Eurobank we see our clients as partners and our goal is to provide them with an unparalleled service. We strive to help our clients with their financial needs in a stable environment and, together, to find efficient win-win solutions to their problems.

By Olga Hetsanok Georghiadou, Head Global Markets, Eurobank Cyprus

(PHOTO by Taspho)

(This article first appeared in the 2024 edition of The Cyprus Journal of Wealth Management, commissioned by Eurobank Cyprus and published by IMH. Click here to view the article. Click here to view the entire magazine online.)