OTP Capital is the first asset management company to become a member of the League of Insurance Organizations of Ukraine

 

Company “OTP Capital” is the first asset management company in Ukraine, which has acquired membership in The League of Insurance Organizations of Ukraine, the self-regulatory organization of insurance companies. Insurance companies are among the largest institutional investors and potential clients of asset management companies, which manage insurance assets and reserves. “OTP Capital” already has contracts for assets management with five insurance companies and manages assets of Ukraine's first unit-linked product. Company considers the cooperation with insurance companies as one of its priorities.

“Our invitation to the League, as investment experts, is an additional market recognition of our work in the field of insurance asset and reserves management. LIOU memberships gives us an opportunity to participate in the League activities and to improve the efficiency of investments on the insurance market of Ukraine” - said Taras Yeleyko, Head of Investment Department of “OTP Capital”.

According to the «Insurance TOP» rating, based on 2013 results, AMC “OTP Capital” was recognized as the market leader in asset management of insurance companies.

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 corporate clients and individuals and is one of the leaders of the collective investments market. AMC OTP Capital manages 8 public mutual funds, 3 venture funds, reserves of insurance companies and non-government pension fund. Total assets under management: UAH 177.7 mln. License of NCSSM AD №075876 from 28.09.2012.

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.

Published: 08.10.2014