PZU Asset Management will be the new giant on the block

Currently, companies of this type manage the total of zł.60 billion. The idea to establish an asset management firm appeared in the group back in 2001, when PZU and PZU Życie bought BWE Asset Management from the Bank Współpracy Europejskiej (BWE). "We would like to start operating at the beginning of September, but since there are still a few details to be worked out it is difficult to give a precise date," said Andrzej Ladko, acting as the president of PZU Asset Management (PZU AM). He revealed, however, that at the beginning the firm will manage about zł.19 billion from PZU's assets, which will be gradually increased. The company plans to invest about 10% of its portfolio on international markets. (Puls Biznesu, p. 10) A.F.