Asset Management

Serving companies

Limited Liability Company "Asset Management Company "OTP Capital"

The company "OTP Capital" was founded in 2007 by the Ukrainian bank"OTP Bank" and a Hungarian asset management company "OTP Fund Management". The company is a part of the international banking OTP Group, a key player in the Hungarian market and markets of Central and Eastern Europe that provides services to 12.5 million customers in 9 countries. This allows it to use the best European experience, technology and practices in its work, as well as to work closely with the "OTP Bank" on the distribution of its services through bank branches throughout Ukraine. 

The "OTP Capital" company provides a wide range of investment services to corporate clients and individuals. The main activities of the company are asset management of investment and venture funds, non-state pension funds and insurance companies. 

The "OTP Capital" company is the sole founder of the open non-state pension fund "OTP Pension". 

License for asset management activity AD No. 075876.

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Custodian

Serving companies

Piraeus Bank

Piraeus Bank in Ukraine (the official name - joint stock company "Piraeus Bank ICB") is a part of the international banking group Piraeus Bank Group (Piraeus Financial Holdings S.A). Headquartered in Athens, Greece, with around 10 K employees, Piraeus Bank Group offers a full range of financial products and services to approximately 5.5 mn customers. Total assets of the Group amounted to €71,6 bn, net loans to €39.6 bn and customer deposits to €49.6 bn on December 31, 2020.

Piraeus Bank Group started operating in Ukraine in September 2007 after the acquisition of the International Commercial Bank (ICB). JSC "Piraeus Bank ICB” is the legal successor of International Commercial Bank. Regional network of Piraeus Bank in Ukraine covers Dnipropetrovsk, Kyiv, Lviv, Odessa, Kharkiv and Cherkasy regions.

The assets of Piraeus Bank in Ukraine make mearly UAH 3 billion, deposits of individuals - UAH 1 billion, loan and investment portfolio - UAH 2 billion, the bank's capital – UAH 2 billion.

License to conduct depositary activities AE No. 263333.

License to conduct the activity on saving assets of pension funds AE No. 263335. 

www.piraeusbank.ua

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Administration of the fund

Serving companies

LLC "Pension Fund Administrator "Center of personalized accounting" (the "ACPO" company)

The "ACPO" company was founded in 2004. The "ACPO" company is a professional administrator of pension funds and ranks first in Ukraine to provide these services; currently, the company administers 16 pension funds, where over 430 thousand individual pension accounts are opened.

The company pays great attention to improving technology and quality of services being rendered on the market for non-state pension provision. This work combines full co-operation with depositors and members of pension funds and cooperation with the asset management company and custodian bank.

 

License to conduct activities on the NPF administration АB No. 115988

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OTP Pension

Legislative separation of functions of accounting, saving and investment of the fund assets provides protection of the pension assets and cross-control over the fund's activities. Each company that deals with rendering services to the pension fund operates clearly within its powers and is liable to the full extent of its assets its property for saving and use of pension funds belonging to its members. If necessary, the Board of the Fund may decide to replace any of the service companies. Pension assets do not belong to assets of the service companies and cannot be included in the liquidation estate in the event of termination of their activities.

The Asset Management Company is a company that invests pension funds of the fund to save them from inflation and receive investment income that is distributed among fund's members. The legislation has restrictions on investment activities and operations with pension assets aimed to reduce the risk of such investments.

The Custodian Bank is a bank that serves the fund's accounts and saves assets of the pension fund in the form of securities and documents for the right  to own pension assets in other forms. All pension contributions are made to the current account in the custodian bank and then invested by the asset management company in various financial instruments. The custodian bank cannot be a person related with the founder of a pension fund, asset management company or fund administrator.

The administrator is a company involved in the concluding of pension contracts on behalf of the fund and keeping records of members, personalization of contributions and ensuring the payment of pension benefits to the fund's members. The administrator's powers include accounting record-keeping, filing of financial and special reports of the pension fund.

The activities of non-state pension funds and companies that serve them are audited annually by independent audit firms. The current supervision over the activities of the fund and service companies is carried out by and the National Commission that carries out state regulation in the field of financial services markets National Commission on Securities and Stock Market and National Bank of Ukrainewithin the limits of the powers determined by the legislation.

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