BT Asset Management S.A.I. (BTAM) and BT Investments have received from the Financial Supervisory Authority the approval for the acquisition of 100% of Certinvest Pensions, the only local player among the pension fund administrators in Romania.

Financial Group Banca Transilvania announced in October 2019 the intention to expand financial services for the over 3 million clients through an investment in the private pensions field. At the same time, the signing took place, in Bucharest, of a firm commitment between BT Asset Management, BT Investments and Certinvest Pensions regarding the acquisition.

 „We start with almost 10,000 clients and over 75 million lei under management. A period of integration of Certinvest Pensions into the BT Financial Group and preparation for clients follows. We address those who establish a long-term plan regarding private pension, close to the BT brand. We thank the authorities for the support provided”, states Aurel Bernat, General Director, BT Asset Management.

What the Financial Group Banca Transilvania aims for through the newest acquisition: 

• The future BT pension company aims to become as relevant a player as possible on the market, following the model of companies from the BT Group;
• Stimulating long-term saving through the optional Pillar III pensions, but with increasing demand among active people;
• Offering an investment alternative, both through voluntary pensions and through investment funds, amid the upward trend of saving.

The transaction was assisted by BT Capital Partners, the investment banking and capital markets division of the BT Financial Group, the exclusive member in Romania of the international Oaklins alliance.

BT Asset Management S.A.I. is the company of the Banca Transilvania Financial Group, specialized in investment management through open and closed funds. BTAM currently has over 4.2 billion lei in assets, 14 open investment funds under management, and over 45,000 clients.