OREANDA-NEWS. The Expert RA rating agency has confirmed the reliability and service quality rating of MDM Asset Management - a wholly-owned subsidiary of MDM Bank - at A+, a very high level of reliability and service quality, with a stable outlook.

According to Expert RA, the rating is supported by the high quality of the investment process, the solid performance of the Closed Mutual Funds under management, and the high level of capital adequacy (2012 capital adequacy to payments ratio was 2.73). Additionally, the rating was positively influenced by the high capital efficiency figures, favourable equity capital dynamics (between 31.12.2011 and 31.03.2013, the company's equity capital calculated according to the FCFM methodology increased 5x, and reached RUB 5.8 billion in 2012), the high quality of infrastructure (MDM Asset Management collaborates with four specialized depositories) and the high degree of information transparency.

MDM Asset Management is planning to actively develop its fiduciary management business for large investors. To date, the company has conducted personnel training in Moscow, is actively training employees in the other regions of its presence and is developing its own line of investment strategies. “The company has a wide regional presence, offering its services through the branches of MDM Bank, which is the sole owner of MDM Asset Management. This fact may tell positively on the growth of the company's customer base,” the head of the corporate and investment ratings of Expert RA Pavel Mitrofanov remarked.

“The efficient cooperation of MDM Asset Management with MDM Bank and the professional management team afford the opportunity to realize further growth potential with wider acknowledgement of the company's achievements,” Stanislav Stasyak, CEO of MDM Asset Management, remarked. “In the near future, we are planning to reinforce the company's fiduciary management operations. We have confidence that this work will produce a positive effect on our development dynamics and market position.”