Asset management company “OTP Capital” has signed asset management agreement with non-state pension fund “Freeflight”. The fund was established in 2007 for non-state pension provision by accumulating savings in favor of its participants, further investment of accumulated assets and, as a result, additional pension payments to participants.
There are 7 companies and 74 individuals at the moment, making contributions to the fund in favor of 166 participants. The fund accumulated UAH 642 000 of pension assets.
"We are pleased that the Board of “Freeflight” has decided to use our experience and our European work standards to improve the efficiency of investments and quality of pension savings of their participants. Our company is one of the leaders on the market of pension assets management and we are actively developing this business sector", - says Vitaliy Dyshlovy, Head of Sales and Marketing Department of AMC “OTP Capital”.
The non-state pension fund “Freeflight” has become the third pension fund under “OTP Capital” management. The company manages the assets of the open fund "OTP Pension" and the professional fund "Magistral", which have in total UAH 135.95 mln of assets and 358 000 participants.
Asset management company OTP Capital was established in July 2007 and became the second after OTP Bank representative of OTP Group in Ukraine. The company provides a wide range of high quality investment services to both individuals and corporate clients and is one of the leaders of the collective investments market. AMC OTP Capital manages 7 public mutual funds, 4 venture funds, reserves of insurance companies and 3 non-government pension funds. Total assets under management: UAH 350 mln.
Public joint stock company OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The Bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard. Its absolute owner is the largest Hungarian Bank OTP Bank Plc.