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Management Team

Nicos Cotsapas - Partner

Nicos has 15 years of experience in investment management. He is a founding partner and head of the investment committee at Elgin Group LLC, a boutique Swiss portfolio management company. He is responsible for formulating investment strategies, portfolio construction and risk management. He has considerable experience in fund analysis of both conventional & alternative funds. Nicos has both a Bachelor and Master’s Degree in Electrical Engineering from McGill University in Montreal, Canada.

Andreas Karavias PhD FRM – Partner

Andreas has a first class honours degree in Electrical Engineering and a PhD in Quantitative Finance both from Imperial College London and is a certified Financial Risk Manager (FRM) by the Global Association of Risk Professionals (GARP). He has worked as an advisor for various asset management teams and Hedge Funds since 2002 and in 2008-2009 co-founded a UK FCA approved Investment Manager where he was part of the portfolio management team. His expertise lies in the development of algorithms for modelling and trading financial instruments including equities, futures and currencies.

Constantinos Pierides
CFTe, MSTA, MBA
Portfolio Manager
Market Technician

Constantinos Pierides is a senior portfolio manager and in charge of the technical analysis department at Elgin. He has more than 10 years of experience in managing personal portfolios and exercising due diligence on funds and alternative investments. Constantinos also provides technical analysis on an ongoing basis as well as author reports entitled “The Technical View” which identifies major market and sector opportunities. Constantinos is a Certified Financial Technician (CFTe) and member of the Society of Technical Analysts in the UK (MSTA). He is also certified portfolio manager and investment advisor by the Cyprus Securities & Exchange Commission (CySec). He holds a Bachelor’s Degree in Economics and Finance and an MBA from the University of Toledo, Ohio in the USA.

Vivian Nagel - Investment Advisor


Vivian has 33 years offshore banking, investment management & financial services experience in Jersey, Isle of Man & Cyprus. She has held senior management positions in both Private and Corporate Banking in Royal Bank of Canada, Royal Bank of Scotland and BNP Paribas. She holds Chartered Investment & Securities Institute Qualifications and is a member of CISI. She has been providing portfolio management and financial advice in Cyprus for nearly 20 years. She is also certified by the Cyprus Securities & Exchange Commission (CySec).

Nick Koumenides - Partner


Nicolas Koumenides spent the first part of his career in the telecommunications industry in Canada where he held positions of increasing responsibility. He subsequently was a senior and founding executive in several technology ventures in North America. As partner in Elgin he is responsible for managing IT risk and for monitoring technological developments. Nicolas holds a B.Sc. in Computer Science from the University of Ottawa, Canada.

Arduino Cagnetti PhD MBA – Partner

Arduino has a first class honours Master’s Degree in Computer Science from Turin University, an MBA with distinction from the University of Edinburgh and a PhD in Quantitative Finance from Imperial College London. He served for 10 years as an Officer in the “Serenissima” Marine Regiment in Venice where he reached the rank of Captain and led a marine company in international military exercises and in the NATO peace keeping operation in Sarajevo. Arduino has been working in the finance and Hedge Fund industry since 2006 and in 2008-2009 co-founded and worked as a portfolio manager for a UK FCA approved Investment Manager.

Antonis Christodoulou ACCA – Compliance Officer

Antonis is a Certified Chartered Accountant and has a degree in Electronics from Southgate College London. He has worked for 10 years in the police force and since 2010 has joined the company as Compliance Officer. He is a member of the Association of Chartered Certified Accountants (ACCA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC).

Elgin AMC is  a trade name of Numisma Capital Ltd, authorised and regulated by CySEC (License Number 122/10).