OREANDA-NEWS. On October 04, 2007 VAB Asset Management signed an agreement to manage the assets of the pension fund of “First Trade-Union”, reported the press-centre of VAB.

“First Trade-Union” had previously been managed by VAB Pension.

The decision to transfer the fund’s assets to VAB Asset Management was done within the framework of the consolidation of companies of the universal financial group VAB Group.

"Our strategy of business implies expansion of collaboration with the private pension funds and multiplying the presence in the market of asset management. The private pension fund “First trade-union” will become our first management experience in the management of assets of a NPF. As assets of pension funds are foremost social money we feel a double responsibility before the depositors and participants of this fund. However I am convinced that our professionalism and experience will allow us to provide the high level of investment profit and justify expectations of the clients, which entrusted us the question of forming the private pension fund of "First trade-union". We work in the segments, such as the management of assets of pension funds, institutes of joint investing and insurance companies. Our basic principle is an increase of the profitability of investments of our clients and to maintain of maximal level of reliability of their investments" explains the Director General of VAB Asset Management Tat'yana Popova.