Wednesday, November 6 2013 13:52

Two companies apply to Central Bank for a mandatory pension funds management license


ArmInfo. Amundi together with ACBA Credit Agricole bank has submitted application to the Central Bank of Armenia requesting Central Bank's approval for establishing investment fund Management Company and acquiring mandatory pension funds management license.

The press service of the Central Bank reports that a similar application has been filed by C-QUADRAT and Talanx Asset Management GmbH (part of Talanx Group).

Capital Asset Management is the only company having a voluntary pension fund management license in Armenia. The company was registered on Oct 18 2012 and has an authorized capital of 210mln AMD.
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