Invalda INVL - Other information

Invalda INVL is merging the activities of its asset management businesses

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