Vilnius, Lithuania, 2015-05-26 07:30 CEST (GLOBE NEWSWIRE) -- On 25 May 2015 the Bank of Lithuania authorised a permission to reorganise the specialised pension fund managing company MP Pension Funds Baltic and transfer the pension funds management business to INVL Asset Management.
Invalda’s INVL owned asset management companies, MP Pension Funds Baltic and INVL Asset Management as well as INVL fondai will be merged. The joint company will operate under the name of INVL Asset Management..
“After the merge we will have the biggest investment specialists‘ team in Lithuania, and in the joint company will work over 50 specialists. We aim to become a leading client-oriented asset management company in the region offering the widest range of accumulation and investment solutions”, says Darius Sulnis, the CEO of Invalda INVL and INVL Asset Management.
According to D. Sulnis, after the merge all the best companies’ competences will remain. The specialists of the specialised pension fund company MP Pension Funds Baltic will continue to develop this business area. After the merge experienced managers of pensions, investment funds and portfolios will create one of the biggest teams in Baltic countries.
“We are planning to operate the pension funds on the basis of the pension funds’ modern life cycle conception – clients could choose a fund according to their age, and when the pension age will get closer, the fund might be changed to a less riskier one”, says Ramunas Stankevicius, the general director of MP Pension Funds Baltic. He will manage the pension funds‘ field in the joint company.
The leader position in investment funds will be strengthened in Lithuania, also the sales network will be expanded in the foreign countries. Moreover, there will be a provision of asset management services for clients who request exceptional financial decisions. As well, alternative (equity) investments will be offered.
As the asset management business is being developed, the work with all current sales partners in Lithuania and foreign countries will be continued. Gradually, their network will be expanded.
According to D. Sulnis, since 1991 in asset management operating, Invalda INVL has intended to expand organically asset management business in Lithuania and Latvia. Therefore, new acquisitions are not rejected.
“We are ready for new deals in the region if such possibility arises”, says D. Sulnis.
The clients of INVL Asset Management and MP Pension Funds Baltic don’t have to additionally contact companies because of the merge – all conditions of their agreements remain the same.
The person authorized to provide additional information:
Darius Sulnis
President
Phone +370 5279 0601
E-mail: darius.sulnis@invl.com