Xelion doubles its managed assets portfolio in H1

"We drafted a new strategy in 2005, which precisely defined in what the company should focus on and in what segment to direct its offer. The effects can now be seen," said Adam Niewinski, president of Xelion. At the end of 2005 the company managed assets worth zl.230 million, while the figure rose to zl.470 million at the end of June 2006. The company is focusing on managing property of wealthy clients willing to entrust assets worth at least zl.100,000, but the average value of a client stands at zl.200,000. "I would be happy if assets went up by another zl.200 million by the end of the year. We offer a several dozen of solutions to our clients, such as opportunity to invest in domestic and foreign funds. Our objective is to reconstruct the rentier class in Poland," explained Niewinski. (Puls Biznesu, pp. 1, 10) M.M.