Exploring trends in succession planning: Highlights from STEP Cyprus’ Annual Conference 2024

Kyriacos Xenophontos, TEP, Partner at Elias Neocleous & Co LLC (ENC) and member of the board of STEP Cyprus, together with Adonis Zachariou, STEP Affiliate and Associate at ENC, recently attended the prestigious STEP Cyprus’ annual conference, themed “Reinventing the wheel: The Future of Succession Planning”.

Held in Limassol on 25 April 2024, this year’s event saw a remarkable turnout, with over 150 attendees hailing from Cyprus and beyond. The conference boasted an impressive lineup of keynote speakers and industry experts operating in various jurisdictions, including Cyprus, the UK, and across Europe, providing attendees with invaluable insights into global trends and best practices.

Throughout the day, participants were treated to insightful discussions and thought-provoking panels covering a diverse range of topics. From tax and legal considerations to cross-border succession planning and the implications of AI, the conference explored the intricacies of modern wealth management and the evolving regulatory landscape. Notable sessions included an exploration of the 2024 EU Council AML Legislative Agenda and a fireside chat on banking in Cyprus, offering attendees a comprehensive understanding of key issues shaping the industry.

Kyriacos Xenophontos and Adonis Zachariou’s participation in this event underpins our firm’s commitment to staying at the forefront of developments in the field of succession planning and estate management. By engaging with fellow professionals and thought leaders, ENC continues to enhance its expertise and deliver exceptional service to its clients.

About STEP

Since its foundation in the UK in 1991 STEP (Society of Trust and Estate Practitioners) has grown to be the leading professional body for practitioners in the fields of trusts, estates, and related issues, with more than 20,000 members worldwide. The Cyprus branch was established in 2003 and local membership numbers now exceed 170.

For more information, please reach out to Kyriacos Xenophontos or Adonis Zachariou.