The subsidiary of Parex Asset Management obtains license in Ukraine
Published:
3 November 2004 y., Wednesday
Being the part of the strategy introduced one year ago Parex Asset Management Ukraine — Ukrainian subsidiary of Parex Asset Management — has launched its operations.
On the 12 October 2004 Parex Asset Management Ukraine was issued a license from the State Securities and Capital Markets Commission of Ukraine for investment fund and non-government pension fund management, thus obtaining the permission to start offering asset management service to clients in Ukraine.
“We were intending to offer our Ukrainian and foreign clients investment funds which would invest into shares and bonds of Ukrainian issuers. We consider the Ukrainian market to be interesting both in terms of growth of number of potential clients and in terms of increase in local assets valuations” said Roberts Idelsons, President of Parex Asset Management.
Aija Kļaševa, General Director of Parex Asset Management Ukraine told: “In the beginning we are planning to offer two opened investment funds as well as probably closed real estate fund. There can also be non-government pension fund created in the future. We intend to closely cooperate with local banks in funds distribution as we are not planning to open our offices in any other cities of Ukraine.”
Šaltinis:
parexgroup.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
According to the unaudited data for three quarters 2009, AB Bank SNORAS earned LTL 4.1 million profit. Although the inter-banking market of the country fixed the banks’ asset decrease (- 4.6 per cent) since the beginning of the year, the assets of Bank SNORAS grew by LTL 249.3 million and were by 4 per cent higher than at the beginning of 2009.
more »
Taking into account changes on domestic money markets AB DnB NORD Bankas, a member of international financial group shall change individual and corporate time deposit rates from November 5.
more »
FL Technics, the leading aircraft maintenance, repair and overhaul (MRO) provider in Eastern Europe, has signed contracts with Air Italy and Air Slovakia for Boeing 737-300 aircraft base maintenance in Lithuania.
more »
Thales UK’s headquarters site in Weybridge has recently held a Halloween charity coffee morning, raising more than £280 for Marie Curie Cancer Care.
more »
New SaaS-Based Vulnerability-Scanning Solution Is Latest Addition to Company’s Application Security Program.
more »
Since 31 October 2009, only LTL 0.99 fee for accepting payments will be applied to clients while making payments for various services (utility fees, communication services, etc.) in all subdivisions of Bank SNORAS.
more »
AB DnB NORD Bankas, the country‘s leader in investment products market, offers a new possibility for the clients to make repurchase deals (repo deals) in the bank’s newly installed on-line trading platform.
more »
The benefits of the integration of eastern Europe’s financial systems into the world economy outweigh the costs that have been highlighted during the global economic crisis, the EBRD has concluded in a new report.
more »
On 22 October 2009, following the favourable opinion expressed in September by the Committee for Fisheries and Aquaculture, the Commission adopted a Regulation establishing the implementing rules for the 2008 Regulation to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.
more »