The UK giant Global Asset Management with assets in amount of EUR 300 billion in management registered at the Financial Supervisory Authority to commence its operations on the local market being granted the approval to manage investment portfolios, reports zf.ro. HSBC is the first asset-management giant joining the local market since the US fund Franklin Templeton attracted by the mandate of manager of Proprietatea Fund. Currently, the asset-management market is dominated by the Austrian financial groups Erste and Raiffeisen. The UK group coming to Romania takes place as the local asset-management local market witnessed an upward trend over the past few years developing from assets in amount of RON 800 million to RON 15 billion currently.
President Iohannis visits the 33rd Mountain Troops Battalion “Posada”, takes lunch with the soldiers
Prime Minister reiterates: Current parliamentary majority is solid, the Liberals’ censure motion has no chance
UNPR’s Oprea: We fully support Victor Ponta as Prime Minister, we don’t knock down governments we are part of
The U.S. Navy publishes photos with NSF Deveselu construction site, works expected to complete late in 2015
PDL’s Blaga: Liberals will file a censure motion in Parliament against Ponta Gov’t even in case they don’t obtain majority
A 26 million euro investment to make ROMATSA one of the modern systems in Europe for air traffic management
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