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
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »