Hellenic Asset Management

What Hellenic Asset Management does

Hellenic Asset Management is an Athens-headquartered, Hellenic Capital Market Commission-licensed Alternative Investment Fund Manager (AIFM, License Number 29/768/27.10.2016) that provides independent wealth management services to high net worth individuals, wealthy families, and qualified institutional investors primarily in Greece. The firm was founded in 2016 by a team whose senior members previously built and ran Hellenic Securities, Greece's largest equity brokerage, and brings together professionals with experience at UBS, Bank of America, Deutsche Bank, JPMorgan, Eurobank, Marfin, and Piraeus Bank.

The firm operates three core product lines on a unified platform. The first is Asset Management, delivered through an "Open Architecture" technology platform that aggregates client positions across multiple custodian banks and supports consolidated portfolio analysis, market risk and volatility calculation, and stress-testing under multiple scenarios. The second is Fund Management, under which the firm acts as sole Investment Manager of the Ivy family of Alternative Investment Funds domiciled in Cyprus, targeting absolute returns with full investment flexibility in Greek capital markets. The third is Hellenic FOS, a registered Family Office Service offering discreet wealth planning, consolidated asset reporting, and coordination of external advisors for wealthy families. The firm distributes these services through four physical offices (Athens HQ, Thessaloniki, Crete, Patra) and a Certified Associates tied-agent network.

The business model is fee-only and recurring: clients pay an agreed advisory fee with zero retrocessions or hidden charges, on multi-year contracts, aligning the firm with client interests. Revenue streams comprise advisory/asset management fees, AIF management fees from the Ivy funds, and professional-service fees for Hellenic FOS engagements. The firm is privately held with no disclosed external investors or parent company, and employs a 40+ person team across investment strategy, portfolio management, trading, relationship management, compliance, and operations functions.

Name

Hellenic Asset Management

Legal name

Ελληνική Ανώνυμη Εταιρεία Διαχείρισης Οργανισμών Εναλλακτικών Επενδύσεων

Website

https://hellenicam.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Hellenic Asset Management is a Greek AIFM-licensed independent wealth management firm offering fee-only asset management, alternative investment fund management, and family office services to high net worth individuals and families across Greece.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industries

Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Wealth management services
• Alternative investment funds
• Family office services
• Discretionary asset management
• Private client advisory

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Asset Management / Advisory Fees: Fee-only asset management and advisory services where the firm acts as independent asset manager. The firm's sole fee is agreed with the client from the beginning, with zero retrocessions or hidden fees. The company works directly with clients on a conflict-free basis with fully aligned interests.
2. Alternative Investment Fund Management: Management fees from acting as Investment Manager of Alternative Investment Funds (AIFs). The firm has founded the Ivy family of Alternative Funds in Cyprus and acts as its sole Investment Manager. The Ivy family consists of Alternative Sub-Funds with varying investment strategies.
3. Family Office Services (Hellenic FOS): Bespoke family office services providing discreet and confidential personalized services of high added value, including wealth planning, asset coordination, and strategic advisory services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Hellenic Asset Management is an Athens-based, HCMC-authorized alternative investment fund manager (AIFM) that delivers fee-only wealth management to high-net-worth individuals and families. It combines three service lines: discretionary Asset Management for private clients, regulated Fund Management via the Ivy Family of funds, and Hellenic FOS, a single-family office offering built on an Open Architecture platform with consolidated, multi-custodian portfolio analysis, governance and reporting.

Product overview

Hellenic Asset Management is an Alternative Investment Fund Management firm (AIFM) offering a unified wealth management platform comprising three core services: Asset Management through an Open Architecture platform for independent portfolio management with access to international markets; Fund Management of the Ivy family of Alternative Funds in Cyprus targeting absolute returns; and the proprietary Hellenic FOS® Family Office service providing personalized high-value services for wealthy individuals and families. The firm operates on a conflict-free basis, working solely for and compensated only by clients.

Differentiator

Problem solved

Functional benefit

Brands

• Hellenic FOS: Family Office Services - a unique service providing discreet and confidential personalized services of high added value for modern families, helping to optimize expenses and fees while providing consolidated asset views.

Products and services

• Asset Management Discretionary asset management for high-net-worth individuals and families, combining active asset allocation, investment policy framework, and consolidated reporting through the firm's Open Architecture platform. Designed for Greek private clients seeking independent, conflict-free management.
• Fund Management (Ivy Family of Funds) Regulated Alternative Investment Fund (AIF) products under the Ivy umbrella, covering UCITS and non-UCITS strategies such as Greek fixed income, corporate bond, balanced, global equity, real estate and thematic opportunities. Marketed to private wealth clients and institutional investors and offered to independent advisors through the Certified Associates channel.
• Hellenic FOS (Single-Family Office Service) Single-family-office service built around the Go & Bro consolidated-reporting and reporting layer, delivering total-portfolio analytics, investment policy and performance monitoring, governance, succession planning, concierge-family-office support, tax coordination and consolidated reporting across multiple custodians and jurisdictions. Targeted at wealthy Greek families needing holistic wealth oversight.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Ivy Funds (Cyprus)coreOthersThe firm has established the Ivy family of Alternative Investment Funds in Cyprus under its AIFM license, acting as the sole Investment Manager. The Ivy funds consist of Alternative Sub-Funds with varying investment strategies including the first fund investing in Greek capital markets with full flexibility and no investment restrictions.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• EFG International: Swiss-headquartered private banking group providing wealth management services internationally, including a presence in Greece via Luxembourg. Senior Hellenic staff (e.g., Rita Georgiou) previously worked at EFG International, demonstrating the talent and client flow crossover between the two firms.
• UBS Wealth Management: World's largest global wealth manager with deep Greek-wealth relationships. Hellenic's founders cite senior UBS experience and the firm explicitly targets international-wealth HNW clients, making UBS a relevant benchmark for open-architecture wealth management and global market access.
• BNP Paribas Wealth Management: European private bank with strong Greek-customer penetration through prior partnerships (e.g., Piraeus/BNP Paribas JV). Hellenic's Ilias Sylivanis (Head of Advisory & Execution Desk at BNP Paribas Private Bank) and Rita Georgiou previously worked there, making BNP Paribas a relevant peer for international-wealth competencies.
• Alpha Bank Private Banking: Alpha Bank's wealth management arm providing advisory and portfolio management services to HNW clients in Greece. Hellenic's team includes several former Alpha Bank Private Banking RMs (e.g., Sophia Manousaridou, Fanis Kaperonis, Christos Kalogeropoulos), positioning Alpha as a direct competitor for the same client base.
• Eurobank Private Banking: Major Greek private banking franchise offering wealth management, investment advisory, and custody services to HNW individuals and families. Multiple Hellenic team members (e.g., Vassilis Kosmas, Christianna Gyra, Manos Miliarakis) previously worked in Eurobank's Private Banking division, making it a key competing employer and competitor.
• Pictet Group: Swiss private bank and asset manager serving UHNW and HNW clients globally, including a significant Greek clientele. Comparable to Hellenic in offering independent advisory and consolidated multi-custodian portfolio management to wealthy families across geographies.
• HSBC Private Banking: Global private bank with a presence in Greece and Cyprus serving HNW international clients. Hellenic's Christianna Gyra previously worked there as an Independent Asset Manager, and the firm explicitly targets the international-wealth segment, making HSBC a comparable competency reference.
• Piraeus Bank Wealth Management: Piraeus Bank's private banking and wealth management division serves HNW clients across Greece with lending, deposits, and proprietary products. Many of Hellenic's senior relationship managers (e.g., Vassilis Kosmas, Rita Georgiou) came from Piraeus and Piraeus/BNP Paribas Wealth Management, making it the most direct large-competitor reference.

Direct peers

• Hellasfin Global Wealth Management: Independent Greek wealth management firm providing portfolio management and advisory services to HNW clients. Hellenic's team includes several former Hellasfin professionals (e.g., Angelos Siopis, George Michos, Dimitris Pappas), making it a near-direct competitor in the Greek independent wealth management space.
• Euroxx Wealth Management: Independent Greek wealth management firm offering investment advisory and portfolio management to HNW individuals. Multiple Hellenic team members (e.g., Ilias Sylivanis, Fotini Prapa) previously held senior roles at Euroxx, making it one of the closest direct competitors in the independent Greek market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/hellenicam
• Facebookfacebook.com/hellenicam
• LinkedInlinkedin.com/company/hellenic-asset-management

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hellenic Asset Management