Within the framework of the signed agreement, the Parties have laid the foundation for the mutually beneficial cooperation to widen the client base, increase investment profitability and expand the product line.
“Fleming Family and Partners” Asset Management (FF&P Company) will render a range of services to the IFC Bank aimed at analyzing the Russian stock market trends, developing investment strategies, handling trust management with respect to the Bank’s client funds, working jointly with IFC, with the Bank acting as an agent of unit investment funds managed by the company.
The IFC Bank, in turn, will provide the requisite expert and consultancy assistance to the FF&P Company in creating its own investment products, acting as an agent in selling the Company’s products and services to the Bank’s affluent clients, and will open accounts for the unit investment funds managed by the Company.
Oksana Lifar, First Deputy Chairman of the IFC Management Board, said: “We are positive that working with such a well-known company as FF&P will bring about efficient results and will provide the Bank with an added value, as our clients will gain access to high-quality services in the area of trust management and investment.”
“The demand of the Russian well-off clients for investment and banking package services is currently on the rise. Our integration will be more than an aggregate of the Bank’s and the Company’s products, as in the course of our cooperation, it will lead to creation of joint products” — said Mark Garber, Senior Partner and Chairman of the FF&P Asset Management Board.