In the money

The idea to create such a company originated in 2001 when PZU and PZU Życie bought BWE Asset Management from Bank Współpracy Europejskiej. The company is to manage the assets of three firms from the group: PZU (zł.19.2 billion), PZU Życie (zł.21.8 billion), and Towarzystwo Funduszy Inwestycyjnych PZU (zł.567.12 million). Analysts welcomed the PZU decision: "The centralization of assets management will certainly result in the economies of scale," stated deputy president of Analizy Online Tomasz Publicewicz.