Our Team
Stelios Constantinou
Managing Partner, Assurance Partner and Head of Advisory
Stelios, along with three other ex-PwC partners and directors, founded TruthGroup, a boutique professional services firm. Stelios began his career in the UK in 1987, later moving to Milan, Italy, and then to Cyprus in 1992. He has extensive experience assurance and business advisory services, working with a diverse client portfolio that includes banks, regulated investment firms, investment funds, and insurance companies. Stelios was leading Financial Services and Banking industry of PwC Cyprus, building strong networks within the regulatory and leadership communities in Cyprus and internationally. He is also a technical expert in IFRS and has played a significant role in developing audit methodologies.
Email: stelios.constantinou@truthgroup.com
Years of relevant experience: 30+
Professional and academic qualifications: B.Sc (Economics and Business Administration ) Degree – University of Wales
Fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Certified Public Accountants of Cyprus (ICPAC)
Theo Parperis
Partner and Head of Tax
Theo was a Partner at PwC Cyprus for over 20 years and for the last 10 years he was a member of the Management Board heading Tax & Legal services. Theo took early retirement from PwC on 30 June 2022. Theo started his career in London where he qualified as a Chartered Accountant and then moved to PwC Cyprus where he actively managed a very extensive portfolio of international clients, operating in a broad range of sectors. He has vast experience in business consulting, tax planning and corporate compliance, transaction support and group restructurings, as well as wealth management and family office services to high net worth clients. Theo is a keen sportsman having completed marathons, triathlons and ironman races.
Email: theo.parperis@truthgroup.com
Years of relevant experience: 30+
Professional and academic qualifications: B.Sc (Econ) Degree – London School of Economics
Fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW)
Full member of Society of Trust and Estate Practitioners (STEP)
President of the Institute of Certified Public Accountants of Cyprus (ICPAC) from June 2011 to June 2013
President of the Cyprus – China Business Association of the Cyprus Chamber of Commerce & Industry (KEVE)
Elias Theodorou
Assurance Partner, Head of Human Capital & Risk Management Partner
Elias was working with PwC for 36 years, starting his career in London from 1986 to 1992. He took early retirement on the 30th of June 2022. He has extensive experience in auditing and business advisory services with a client portfolio of local and international companies. He was the PwC Assurance and Advisory Leader, a member of the Management Board, and headed the Limassol (Cyprus) market.
Elias served as a Member of the Board of Cyprus Investment Promotion Agency (CIPA), the Council of the Institute of Certified Public Accountants of Cyprus and of the Cyprus Commission for the Protection of Competition.
Email: elias.theodorou@truthgroup.com
Years of relevant experience: 30+
Professional and academic qualifications: B.Sc (Econ) Degree – London School of Economics
Fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW)
Honorary Secretary of the Limassol Chamber of Commerce and Industry
Member of the Board of Cyprus Chamber of Commerce (KEBE)
Olga Menelaou
Assurance Partner and Head of Assurance
Olga graduated from the University of Cyprus obtaining a BSc in Economics with a minor in Accounting. In 2000, she joined a big 4 firm in Limassol, Cyprus as a trainee-chartered accountant and qualified in 2003. Since then, she is a Fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Certified Public Accountants of Cyprus (ICPAC).
Joining PwC in 2000 Olga worked also in the advisory line of service, working on various projects such as feasibility studies, business plans, and assistance in prospectus preparation and review. Thereafter, she joined the assurance practice where she progressed to the level of Director up to June 2022. Olga has extensive assurance experience in the audit of local and international groups involved in a wide range of activities including public companies and companies regulated by financial services regulator. Over the years, Olga has dealt with complex IFRS matters and has led various group audits involving complex consolidations and collaborating with international teams.
Olga was also Head of PwC’s Assurance Transformation, responsible for the Assurance internal automations and the development of automations and other digital solutions for external clients using various tools such as UiPath, Alteryx, ABBYY, and Tableau.
Email: olga.menelaou@truthgroup.com
Years of relevant experience: 15+
Professional and academic qualifications: B.Sc (Economics Accounting ) Degree – University of Cyprus
Fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Certified Public Accountants of Cyprus (ICPAC)
Panayiotis Junior Nikolaou
Associate Director and Head of UAE
Panayiotis Junior is an accomplished finance professional with extensive expertise in the financial services sector. Over nearly nine years at PwC Cyprus, he advanced to the role of Manager within the Financial Services Industry. Panayiotis possesses a robust background in managing complex group structures, investment firms, electronic money institutions, and investment funds, including multinational corporations.
His leadership experience is demonstrated through his significant involvement in regulatory reporting engagements mandated by the Central Bank of Cyprus and the Cyprus Securities and Exchange Commission. Notably, he contributed to the team assembled by the Cyprus Securities and Exchange Commission to develop indicative audit procedures for the Market in Financial Instruments Directive (MiFID).
In addition to his regulatory work, Panayiotis was responsible for the audit methodology within the Financial Services industry. He led intricate IFRS advisory projects and provided technical support on matters related to IFRS, ISAs, and ISRE 2400. His leadership extended to mentoring junior staff, fostering a collaborative team environment, and ensuring the highest standards of professional excellence.
Email: panayiotis.junior.nikolaou@truthgroup.com
Years of relevant experience: 9
Professional and academic qualifications: B.Sc (Hons) Accounting and Finance Degree – University of Brighton