DDOR Garant is going to take over the management of pension funds Societe Generale Štednja and Societe Generale Ekvilibrio, as reported today by the shareholders of these funds.
The explanation is that the above decision was made in the best interest of members of these funds, considering the fact that DDOR Garant has a bigger market share and manages more assets.
In the five years of its existence, Voluntary Pension Fund Management Company Societe Generale, with its 2% market share, concluded over 15,000 membership agreements and it manages assets in excess of RSD 420 million.
Voluntary Pension Fund Management Company DDOR Garant was founded seven years ago. To this day, it has concluded approximately 70,000 agreements and manages assets in excess of RSD 3.2 billion.
The National Bank of Serbia gave the initial approval to the Contract on transfer of management rights between Societe Generale Penzije and DDOR Garant.
The shareholders of Societe Generale Penzije are the bank Societe Generale Srbija and Sogecap Insurance from France.
At the moment, there are five active companies managing assets of 12 voluntary pension funds in Serbia.
*Source: Beta