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

Banca Transilvania Financial Group announced in October 2019 its intention to expand its financial services for its more than 3 million customers through an investment in private pensions. Also at that time, a firm agreement was signed in Bucharest between BT Asset Management, BT Investments and Certinvest Pensions regarding the acquisition.

"We are starting with almost 10,000 clients and over 75 million lei under management. Next comes a period of integration of Certinvest Pensions into the BT Financial Group and training for clients. We are targeting those who are setting a long term plan for their private pension, close to the BT brand. We thank the authorities for their support", says Aurel Bernat, Managing Director, BT Asset Management.

What Banca Transilvania Financial Group aims to achieve with its latest acquisition: 

• The future BT pension company to become a relevant player in the market, along the lines of the BT Group companies;
• Stimulating long-term saving through the optional, but increasingly popular among working people, Pension Pillar III;
• Offering an investment alternative, both through voluntary pensions and investment funds, amid the upward trend in savings.

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

BT Asset Management S.A.I. is the Banca Transilvania Financial Group's investment management company specialising in open and closed-end funds. BTAM currently has over 4.2 billion lei in assets, 14 open-ended investment funds under management and over 45,000 clients.