ZAO Citibank and Alfa Capital Asset Management have partnered to allow the investment products of Alfa Capital Asset Management to be offered to clients at Citibank branches across Russia.
Citibank clients will be able to invest in four mutual funds managed by Alfa Capital Asset Management, namely Alfa Capital Bonds Plus, Alfa Capital Oil & Gas, Alfa Capital High Tech and Alfa Capital Consumer Sector, due to the agreement.
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Irina Krivosheeva, CEO of Alfa Capital Asset Management said the development strategy for Alfa Capital’s retail business includes the expansion of partnerships with the leading commercial banks.
"According to certain studies, more than 40% of all investment flows into international funds and is originated through agent banks. We anticipate that in the near future Citibank will become one of our strategic partners.
"Citibank’s years of experience in the investment market, high level of professionalism and qualified personnel give us good reason to expect very impressive results from our cooperation."
Citibank has 48 offices in eight cities across Russia.
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