OTP Capital took over one more non-governmental pension fund –
Open Non-Governmental Pension Fund “Pension Savings Fund”
OTP Capital ended the year adding to its non-governmental pension funds. The company has
taken over one more pension fund – Open Non-Governmental Pension Fund “Pension Savings
Fund” under the TAS group.
The partnership between OTP Capital and TAS is not the news. Our companies have been
cooperating closely for over eight successful years. The first cooperation agreement was in
December 2013. That time OTP Capital took over the TAS-Invest assets of TAS Insurance
Company for the first time. Afterwards our cooperation with TAS Insurance Company has
become more fruitful, and today OTP Capital is managing part of TAS savings insurance
reserves in addition to its investment portfolio.
As a result, the continuous fruitful cooperation of the managers of the asset management
company with the insurance market representatives resulted into a steady structured linkage
between all units – from the back office to risk management. Over a long time of mutual work,
the companies managed to test and implement the best and, thus, the successful strategies for
managing insurance assets and reserves.
This time we cooperated for a completely different product. Non-Governmental Pension Fund
“Pension Savings Fund” was registered in 2006 and has been under the TAS group since 2012.
Currently, the fund’s assets amount to UAH 800,000. This is quite a small fund by market
standards, but there are plans made by its owners for its active growth in the near future. TAS
Group has extensive experience in the life insurance and pension markets, so private pension
provision is a strategic direction for the group.
“We have long planned to develop the private pension savings. We have to make some
important functional changes and improve the yielding of the fund. When choosing a new
management company, OTP Capital was our priority choice influenced by the earlier emerged
results of our mutual work, as well as high expertise and leadership in the field of management
of non-governmental pension funds”, said Rostyslav Borysenko, the Chairman of the Board of
Open Non-Governmental Pension Fund “Pension Savings Fund”.
“For us, diversifying the cooperation with the TAS group is strengthening our partnership, on the
one hand, and adding a product to the portfolio with a good potential for an active growth, on the
other hand. In addition to our major task, which is the successful management of the fund assets,
we are ready to share our expertise and cooperate actively for the development and
popularization of non-governmental pensioning in Ukraine”, said Natalia Mezhenska, CEO of
AMC OTP Capital.
AMC OTP Capital LLC was established in July 2007 by the Ukrainian OTP Bank (9.9%) and
the Hungarian Asset Management Company OTP Fund Management (90.1%), and became the
second OTP Group representative after OTP Bank in Ukraine.
The company provides a wide range of high quality investment services to both corporate clients
and individuals, and is one of the leaders in the mutual investment market. AMC OTP Capital
manages seven public investment funds, eight venture funds, assets of insurance companies, as
well as four non-governmental pension funds, including the largest non-governmental pension
fund in Ukraine – Open Pension Fund “OTP Pension”, the FreeFlight Monetary Fund and the
Magistral Pension Fund for railway and transport construction staff. There is UAH 4.1 billion of its assets under management.
