UkrSib Asset Management Obtained a License to Administer Non-State Pension Funds
The National Commission for Regulation of Financial Services Markets granted JSC “Asset Management Company – Pension Fund Administrator “UkrSib Asset Management” a license to administer non-state pension funds. UkrSib Asset Management is the first asset management company to obtain such a license within the last few years.
“This administrator license will greatly expand the company’s opportunities in the long-term perspective. UkrSib Asset Management has proven itself a pacesetter in the asset management market, which gives us the confidence to become one of the leading non-state pension fund administrators,” commented Philippe Joannier, Chairman of the Management Board of UkrSibbank BNP Paribas Group.
The JSC “Asset Management Company – Pension Fund Administrator “UkrSib Asset Management” was placed fifth among other asset management companies for its strong 2011 financial performance (in total raised funds) according to the “TOP-100 Ukrainian Business Leaders” rating by the Ekonomika publishing house in association with the TOP-100 Ukrainian Business Leaders magazine in February 2012.
“The company has steadily advanced toward its targets year after year. The administrator license is another milestone on the path to further development,” added Maksym Kuprin, Chairman of the Management Board of JSC “Asset Management Company – Pension Fund Administrator “UkrSib Asset Management” of BNP Paribas Group.