Hedge fund giant Millennium Management formally confirmed it is establishing a presence in Athens, following a meeting between the firm's top executives and Prime Minister Kyriakos Mitsotakis, capping months of behind-the-scenes negotiations to bring major financial firms to Greece.
Millennium President Ajay Nagpal, EMEA Chief Executive Martin Pabari, and Senior Investment Officer Agamemnon Constantopoulos met with Mr. Mitsotakis and Finance Minister Kyriakos Pierrakakis, who also chairs the Eurogroup, to discuss expanding the firm's footprint in the country.
In a statement, Millennium said Athens marks another step in its strategy to become a top destination for global talent, linking them to the "strength, resources and international reach" of its platform, and described the move as reinforcing Greece's "growing asset management ecosystem."
Mr. Pierrakakis called the decision confirmation of "the momentum Greece is building as an investment and financial destination," saying the government's goal is for Athens to become a strong European hub for investment and international talent.
"As the country's standing on the global investment map grows, so does the economy's capacity to create opportunities and income for its citizens," he said.
The announcement follows billionaire investor Chris Rokos's decision earlier this year to relocate his tax residency from London to Athens, a move widely credited with drawing broader attention from Wall Street to Greece's tax incentives for hedge fund managers, including a 5% rate on carried interest for those who relocate.
Millennium's confirmation marks the most prominent addition yet to that emerging roster of firms establishing a presence in the Greek capital.