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
The European Commission launched "The ocean of tomorrow " call for research proposals. Oceans cover about 70% of the Earth's surface, but human activity is increasing environmental pressure on them.
more »
The EBRD is stepping up its support to the real economy in Georgia with new funds for on-lending to local businesses.
more »
Lithuania’s Ambassador to Germany and Special Representative for EU External Relations in the German Foreign Office discussed the situation regarding the decision of private credit insurance company in Germany Euler Hermes to apply the rating of a maximum risk country for Lithuania.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
The European Commission has approved 16 programmes in 12 Member States to provide information on and to promote agricultural products in the European Union.
more »
New measures to help farmers through recession as milk prices tumble.
more »
Federal Reserve Chairman Ben Bernanke said the outlook for the long-suffering U.S. economy appears to be improving.
more »
The Swiss Government and the EBRD are providing €11.8 million to improve the supply of water to some 1 million people living in Bishkek, the capital of the Kyrgyz Republic.
more »
The Neighbourhood Investment Facility (NIF), a key instrument of the intensified European Neighbourhood Policy (ENP), will benefit in 2009 from a €70 million contribution by the European Commission.
more »
In response to the impact of the global crisis on the Romanian construction sector, the EBRD is supporting Lafarge Ciment (Romania) S.A. with a €20 million loan in Romanian lei to finance the company’s operations and to support its working capital requirements.
more »