(story to be published in tomorrow’s issue, March 17)
Romanian Bank for Development-Groupe Societe Generale became the first bank member of the National Union of Collective Placement Bodies (UNOPC) after, at the beginning of the month, the General Assembly of Shareholders of UNOPC approved its entrance, shows a BRD-SocGen release published on Wednesday. “By accepting the Romanian Bank for Development – Groupe Societe Generale as a member of our collective placement union, we became the first depositary bank which acquired this status. The quality of associated member of the Union honours us and at the same time compels us to have a more active presence within the union,” said Bogdan Baltazar, the bank’s chairman. According to the release, BRD’s request to enter the organisation was supported by several members: Muntenia Invest, SIRA, Capital Asset Management, quadrant Asset Management, Certinvest, The Fund for Foreign Trade, Fortuna Classic and Fortuna Gold , Stabilo Monetary Fund and Capital Plus Fund. UNOPC is a professional organisation of collective placement bodies, is not profit oriented, independent, non-governmental, a legal person and was set up in March 1996 , with the support of Booz Allen &Hamilton from the United States.