INFINITUM Services NPF of Sberbank
In April 2017, INFINITUM Asset Services, JSC and Non-State Pension Fund of Sberbank, JSC concluded agreements on services to monitor investment of pension savings and pension reserve funds.
March 20, 2017 saw summing up the open RFP on selecting a specialized depository for servicing pension reserves and pension savings, including control functions and depository services, for NFP of Sberbank, JSC and its management companies. The RFP was won by INFINITUM Asset Services, JSC, according to the tender board’s estimates.
"INFINITUM is one of the few specialized depositories that are able to render high-quality services to major companies in the Russian market of pooled investments and that have a considerable experience in the area," said Pavel Prass, Director General of INFINITUM Asset Services, JSC. "It is a great honor and responsibility to cooperate with NFP of Sberbank, which is a unique and large-scale company. We are fully aware that we will have to render a set of services not limited only to standard specialized depository functions. And we have no doubts that for NPF of Sberbank we will be able to become not only a standard specialized depository, but also a partner in information and analytical support of investment processes, since INFINITUM Company Group provides a wide range of services popular with participants of Russian pooled investment market, including accounting of investment activities in compliance with the Russian Accounting Standards (RAS), information support for risk management systems, consolidated provision of data on transactions in management companies’ investment portfolios, and a diverse range of information and analytical reporting."
"When choosing a specialized depository, NPF of Sberbank was guided by the proven level of reliability, expertise in monitoring investment of pension savings and management of pension reserves. It is essential for us that our clients are confident in safety of their pension savings as well as in their future," commented Elena Tetyunina, Deputy Director General of Non-State Pension Fund of Sberbank, JSC.
Year after year, NPF of Sberbank takes leading positions in the Russian pension market. As at the end of Q1 2017, the amount of pension savings reached RUB 435.2 billion, with the number of our clients totaling 7.4 million. NPF of Sberbank has the highest reliability rating (A ++, RAEX), its investment policy is based exclusively on principles of funds’ preservation and growth in the interests of participants and insured individuals. NPF of Sberbank was titled the company of the year in Non-State Pension Fund category at the annual awards Best.ru: Companies, Persons, Projects of the Year 2016.