OREANDA-NEWS. December 04, 2009. HSBC Russia and MC Allianz ROSNO Asset Management, a company in Allianz Group, made a cooperation agreement introducing the financial service users in Russia to the new wide possibilities in the private wealth management, reported the press-centre of ROSNO.

The arrangements reached by the two world financial market leaders shall allow the Russian clients of HSBC to invest moneys into the mutual investment funds of MC Allianz ROSNO Asset Management. In further, the partnership will be expanded over life insurance services and risk insurance products, which will be offered to the bank clients by Allianz affiliates — OJSC Insurance Company ROSNO and Insurance Company Allianz ROSNO Life.

"This partnership is very important for HSBC and our clients since it allows us to expand the range of high quality services related to the private wealth management, Stuart Lawson says, the Chairman of Board of HSBC in Russia. — It is the first initiative within the Russian cooperation of HSBC and Allianz Group; and we are sure that together soon we will be able to introduce other services and products to our clients in Russia".

"For the Russian consumers, HSBC has chosen a number of financial and investment instruments, which enable our clients to manage their assets and to contribute to their further growth, Johan Secora says, the Head of Retail Operations of HSBC in Russia. — Thanks to HSBC Premier, our clients will be able to manage their property in Russia and abroad".

Hannes Chopra, the Head of Allianz Eurasia, the General Director of OJSC ROSNO noted: "Allianz Group is not a newcomer in offering comprehensive solutions that meet the entire range of financial needs of our clients: funds savings, preservation and increase. We are glad we had an opportunity to render our services to a permanently growing number of retail clients of HSBC in Russia".

"For MC Allianz ROSNO Asset Management, the commencement of cooperation with one of the largest international banks with a great experience of client capital management all over the world is an important step in business development, Oleg Mazurov says, the General Director of MC Allianz ROSNO Asset Management. — We pay special attention to development of sales through the largest international partner banks. In 2010, we plan to multiply sales volume through the banks and are sure that the role of HSBC will be significant".

The agreement made by the companies expanded the geography of partnership between HSBC bank and Allianz Group in the territory of the CIS. For more than two years, the company is actively engaged in joint projects in Kazakhstan.

Sales of the Open End Mutual Funds of MC Allianz ROSNO Asset Management (Allianz ROSNO — Shares; Allianz ROSNO — Raw Sector Shares; Allianz ROSNO — Non-raw Sector Shares; Allianz ROSNO — Second Tier Shares; Allianz ROSNO — Balanced; Allianz ROSNO — Bonds) shall go through the HSBC offices.