OREANDA-NEWS  On 23 September was announced, that after successful completion of the first stage of the development strategy of Ingosstrakh-Investments and having met all the goals, Valeriy Petrov will leave his post in the company that he held since June 2007. During this time the company managed to build a professional team, gather thirteen new Mutual Investment Funds, develop an efficient investment process, develop and introduce a wide product range. Total assets under the company’s management increased by over 10 times from RUB 1.2 to RUB 12 bln, and the cost of net assets of the mutual investment funds increased by 5.9 times. The company won the tender for the right to manage funds of the Housing and Utilities Sector Reform Fund. 

Official confirmation of the Company’s success is A++ rating granted by Expert RA. This is an “exceptionally high (the highest)  level of reliability and quality of services", which means that the company offers the full range of asset management services, offers comprehensive risk management, and has a multilevel investment-decision control process.

According to the Chair of the Board of Directors and General Director Alexander Grigoriev. the goals that “Valeriy Petrov had in his position of the General Director of Ingosstrakh Investments were successfully attained and we wish him all the best in his future career”.