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Cooperation Agreement signed between Vneshtorgbank and the National League of Management Companies

 
13 May 2005

Vneshtorgbank, which offers comprehensive services to management companies of investment funds, and the National League of Management Companies, which is a self-regulated institution of management companies, signed a Cooperation Agreement to define major guidelines of mutual interest, namely:

  • developing collective investment market in the Russian Federation;
  • developing collective investment market infrastructure, upgrading its regulatory system and activity standards.

On the part of Vneshtorgbank, the Agreement was signed by Vadim Levin, First Deputy Chairman, and on the part of the League - by Andrew Podoynitsin, President.

The Agreement signed will certainly contribute to a higher level of Vneshtorgbank's services in providing specialized custody, and in keeping registers of investment fund unit holders, as well as of agency services in accepting applications to buy, redeem and exchange investment units.


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