QUALCO Group appoints Andreas Chrysafis as country manager for Cyprus


Qualco Cyprus further enhances its position as the provider of choice to all entities facing the challenge of managing debt in an efficient, fair and socially sustainable manner

Following the recent inauguration of Qualco Cyprus Ltd and with the aim to further strengthen its operational, executional and delivery capacity in the market, Qualco Group, the trusted leader in the development of software and the provision of services for the Credit and Debt Portfolio Management, is pleased to announce the appointment of Andreas Chrysafis as the Country Manager of Qualco Cyprus Ltd.

Andreas Chrysafis is a seasoned professional with extensive managerial, strategic, operational and consulting experience spanning to different industries. He has worked for Laiki Group, later Marfin Popular Bank, where he held the position of Manager of Network and Infrastructure Services, responsible for 7 countries.

Mr. Chrysafis managed a number of infrastructure projects in the financial sector before moving to the Office of Electronic Communications & Postal Regulations (OCECPR) as a Chairman of the Advisory Committee. His last appointment was in the Executive Board of Transparency Cyprus a global non-governmental organization which leads the fight against corruption.

He obtained a BSc in Electrical Engineering from the State University of New York College at Buffalo and an MSc in Electrical Engineering from the University of Connecticut.

As a Country Manager, Mr. Chrysafis will be responsible for developing and implementing commercial strategies for the local market and managing new and existing client relationships, with the view to accelerate growth in the Cyprus market.

Orestis Tsakalotos Qualco Group CEO commented: “Qualco currently offers products and services to more than 80 leading financial institutions, commercial and industrial companies in over 15 countries and the investment in Cyprus states our commitment to bring our experience and technology to the Cypriot market. I am delighted that Andreas has joined the team. I am confident that his expertise, talent and his background will further strengthen the collaboration and partnership with key customers and will lead to operational excellence and better customer experience for our clients and projects in Cyprus”.


About Qualco 

As effective management of distress debt is of strategic importance and a key component for Cyprus’ economic recovery and growth, Qualco Cyprus’ mission is to address the debt management challenge of financial institutions and other debt originators by capitalizing on the Group’s international experience and business know-how.

Over the last fifteen years, Qualco Group has been actively engaged in the debt portfolio management industry across different markets worldwide, formulating customer centric policies, methodologies and blueprint strategies. Its value proposition is based on the fundamental principles of reputational excellence and operational effectiveness, aiming to forge mutually beneficial relationships between key stakeholders.

Qualco’s headquarters are in Greece, it has corporate presence in Cyprus, the UK and France and strategic partnerships in Europe, Africa and Latin America.

Qualco’s end to end offering ranges from state of the art Technology to Business Process Outsourcing (BPO) services and Advisory services based on advanced predictive modeling. The aim is to bring measurable performance improvement to its customers’ portfolios.