OREANDA-NEWS. Analytical service of the "Expert-Rating" rating agency gave "UkrSib Capital Management" asset management company the highest infrastructure rating of reliability of asset management company at the level of uaAA.amc.

The experts of the rating agency point out that the company with such rating will perform its fiduciary obligations to the clients with a very high probability, having necessary material and technical base, personnel and resource base.

According to press release posted on the agency's website, while making decision whether to award infrastructure rating of such a high level, "Expert Rating" RA was guided by the following conclusions:

1. BNP Paribas Group asset management business in Ukraine began its history along with the Group's coming to Ukraine in 2005. Within the business transformation in 2013 the Group registered "Asset Management Company - Pension Fund Administrator "UkrSib Capital Management" LLC. This transformation process took place with due account for preserving continuity and expertise, knowledge, technology, and human resource capacity, which explains a rapid growth of net assets managed by "AMC - PFA "UkrSib Capital Management" LLC.

2. Within 9 month of 2014 "AMC - PFA "UkrSib Capital Management" LLC accumulated net assets under its management from zero to almost UAH 0.5 billion. As of September 30, 2014 nominal share of "AMC - PFA "UkrSib Capital Management" LLC amounted to 0.23%, estimated market share was about 1%. The Agency believes that "AMC - PFA "UkrSib Capital Management" LLC, being a part of international group BNP Paribas in Ukraine, has a good potential of growth as far as conditions on the stock market of Ukraine ameliorate.

3. The study of assets managed by "AMC - PFA "UkrSib Capital Management" LLC has shown that AMC manages four public funds, two of which are among non-governmental pension funds (NGPF). AMC has experience of managing large NGPF with over 33 thousand participants. Analysing dynamics of NAV (net asset value) per share and net value of a unit of pension contributions has shown that the company manages its funds in line with conditions specified in registration documents and according to market conditions. The Agency deems that in the crisis environment an increase in NAV per fund share deserves positive assessment.

4. "AMC - PFA "UkrSib Capital Management" LLC has a developed system of control and suppression of fiduciary risks, risks of damage from activities of asset managers, and other types of risks that may inflict direct or indirect damage to clients and fund investors. The Agency believes that in the near future market conditions will suppress any conflict of interest in Ukraine arising from the combination of business asset management and investment banking business within the same financial group. At the same time, "AMC - PFA "UkrSib Capital Management" LLC has sufficient set of rules and procedures which suppress potential fiduciary risks

5. As of the beginning of Q4 2014 "AMC - PFA "UkrSib Capital Management" LLC had a very high level of financial stability. The company maintained a very high solvency margin, its equity capital exceeded liabilities of the company by over 17 times, and during the first three quarters of 2014 the company's activity was profitable. For the second and third quarter the company has shown a significant increase in net income, testifying to positive development of its core business.

6. "Expert-Rating" RA is confident that BNP Paribas has sufficient financial resources, considerable human and technological potential to provide a high level of business support for "AMC - PFA "UkrSib Capital Management" LLC. Such support is particularly important for investors of open end and pension funds. As of September 30, 2014, according to the statements of BNP Paribas Group, assets under management of the Group companies, taking into account the assets within the framework of consultations on behalf of external clients, reached EUR 905 billion.

"It is extremely important for us that reliability of "AMC - PAF "UkrSib Capital Management" LLC has been proved by international respectable experts, who impartially evaluate our high potential as part of an international group BNP Paribas, said Maxim Kuprin, Chairman of the Board of "AMC - PFA "UkrSib Capital Management" LLC. - In 2015 our activities will be still focused on two areas: creating funds to meet maximum demand of customers for the products of financial market as far as situation on the market improves, as well as providing potential customers with high-quality and efficient mechanisms of cooperation in accordance with the best practices of the Group".