PZU will be in the money with better asset management

The idea to create such a company originated in 2001 when PZU and PZU Życie bought BWE Asset Management from Bank Współpracy Europejskiej. "We want the company to begin operating this autumn. It is difficult to say whether it will be September or October," declared Andrzej Ladko, the acting PZU Asset Management president. The company is to manage the assets of three firms from the group: PZU, PZU Życie, and Towarzystwo Funduszy Inwestycyjnych PZU (TFI). "Ultimately all the assets will be transferred under our management. I think it should take from three to six months," stated Ladko. The assets of PZU currently amount to zł.19.2 billion, those of PZU Życie stand at zł.21.8 billion, while PZU TFI's funds total zł.567.12 million. Analysts welcomed the PZU decision: "The centralization of assets management will certainly result in the economies of scale. The coordination of savings management will also be improved," stated Tomasz Publicewicz, the deputy president of Analizy Online. (Puls Biznesu, pp. 1,5) E.B.