French Assya CF sets up Bucharest office

Newsroom 25/11/2011 | 14:16

The present economic context is more suited for learning and prospecting the markets rather than actual investments, but future growth in Europe will come from eastern economies, including Romania, said Thierry Leyne, the Chairman of the Supervisory Board of Assya Compagnie Financiere (CF). The French financial group announced this week it has set a local subsidiary under the name of Bergmann&Partners.

The local office has four employees and it will provide asset management for individuals and companies, brokerage advisory and corporate finance services. The company also sees business potential in portfolio management for entrepreneurs and high net worth individuals. “There are Romanians who keep their money abroad. We will try to convince them to invest in the international financial products we offer. We will also address corporate and institutional clients as well as private banking ones,” said Tudor Iliescu (pictured), partner with Bergmann&Partners.

Assya CF representaives said and the target for the first year of activity in Romania is to learn more about the local market and its growth opportunities, the company not expecting to report profit during this time. “We are here to create a bridge between Romania and the other countries where we operate”, said Leyne.

Assya Group is an independent private equity and venture capital firm which is listed on the Euronext New York Stock Exchange. The compny has about 220 employees in nine countries and manages assests worth over EUR 2 billion.

Simona Bazavan