In 2007, the need to efficiently manage the increased own capital caused the bank to accelerate the development of one more strategic line of business – investment business. NVC LLC was renamed to B&N BANK Management Company. B&N BANK Managing Company expanded the range of services on the stock and financial markets, and the potential of this line was assessed by the bank with a very high results. In July B&N BANK Management Company received a perpetual license of FFMS of Russia to carry out activities of a professional securities market player for securities management.
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| B&N BANK Management Company Marketing in ’07-08 (RUB) |
Andrey Palagin was responsible and developed the 3 years marketing strategy to launch the brand of B&N BANK Managing Company and to increase the portfolio for each hedge fund.
In October 2007 B&N BANK Moscow offices started selling units of the B&N BANK Managing Company. At the same time, the management company became the first asset management company registered as an index investment fund based on a specific industry in Russia. Its main assets were the shares that made up the industry index RTS Metals & Mining.
