VTB Capital Asset Management and the non-state pension fund Rostvertol have signed a contract for the trust management of pension savings. VTB Capital Asset Management will oversee some of the funds generated through the activities of Rostvertol’s mandatory pension insurance.
VTB Capital Investment Management manages over RUB110 billion worth of funds for seven non-state pension funds or NPFs. This amounts to 7% of the market. The company’s clients most notable clients include NPF Metallurgov, NPF VTB Pension Fund, NPF UGMK-Perspektiva, NPF Almaznaya osen and NPF Povolzhsky.
Vladimir Potapov, CEO at VTB Capital Investment Management, said: ?Today, our company ranks in the Top 5 in terms of total private pension fund assets managed. We plan to actively develop this business line and we appreciate the trust NPF Rostvertol have placed in us. I am confident that the expertise of the VTB Capital Investment Management team will not only maintain, but also increase the value of funds referred to us for management?.
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