CJSC “Joint Depositary Company” (“ODK” in Russian acronyms), a member of VTB Group, has been renamed into CJSC VTB Specialized Depository.
The decision is made within the current VTB Group governance system which complies with the Strategic Holding Model. The system implies a single brand for all companies-members of the group.
A new name will allow the company to capitalize on opportunities for synergy across VTB Group.
Looking to the future, the company seeks to strengthen its positions in state pension industry and gain leadership in the non-captive segment of the non-state pension funds market.
CJSC VTB Specialized Depository has been operating in the financial market since 1996. Presently, the company is one of the leaders in the collective investment market and acts as a specialized depository in servicing pension savings and pension reserves of non-state pension funds, assets of investment funds, mortgage coverage and compensation funds of self-regulating institutions. Since 2003, the company has been a specialized depository of the Russian Federation Pension Fund.