OREANDA-NEWS. April 24, 2008. Following the bids held by the National Pension Fund Gasfond, the fund and ZAO MC of Bank of Moscow have entered into a trust agreement whereunder the pension savings of the Fund will be placed in trust of the MC of Bank of Moscow.

The NPF Gasfond is the biggest non-government pension fund on the non-government pension and mandatory pension insurance market. According to its key indicators, the fund holds a leading position in the field. As of the beginning of 2008, its pension reserves amounted to 262.66 billion Roubles.

The MC of Bank of Moscow is one of the leaders on the asset management market in Russia. As of the beginning of 2008, the total of net assets of the share investment funds managed by the company achieved 11.22 billion Roubles. The MC of Bank of Moscow has the AAA maximum reliability rating of the National Rating Agency, and is the winner the Financial Elite of Russian Contest as the 2007 best management company. 100% of shares of the MC of Bank of Moscow are held by Bank of Moscow.

" We are happy to cooperate with Gasfond, the biggest non-government pension fund of Russia", — says Elena Kasianova, the General Director of the MC of Bank of Moscow. — "I think that a union between the two market leaders trusted by wide circles of the country’s population will bring about ultimately positive results both for the fund investors and for the partner-companies themselves within the framework of implementation of the Pension Reform in Russia".