C Quadrat Investment AG to Establish Asset Management Firm in Armenia Through Joint Venture with Talanx Asset Management GmbH

Wednesday, 2 Oct 2013 10:35am EDT 

C Quadrat Investment AG announced that it plans to establish and operate an asset management firm in Armenia through a joint venture with Talanx Asset Management GmbH. C-QUADRAT will hold a 74.9 % interest in this firm. Once Armenia's pension reform comes into effect on January 1, 2014, this firm will take over - along with another asset manager - the management of state pension assets of the Armenian pension system. The total volume of pension assets under its management will be gradually increased. The Central Bank of Armenia estimates that this volume will reach approximately EUR 2 billion in the coming years by 2020 and subsequently even more. The Central Bank of Armenia signed a memorandum of understanding to this effect with C-QUADRAT and Talanx Asset Management GmbH. 

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