Xelion's owners look for ways to improve the company's performance
"Xelion has to be not only a seller of financial products but also an adviser to customers who want to allocate their funds on the monetary market. Meanwhile, the Polish asset management market is small, it reminds me of the situation in Italy in 1970s or early '80s. This means that the return on capital in Xelion can appear in 2007 or 2008," said Andera Moneta, of UCI's New Europe division. He added that he is considering a more significant transfer of know how from Xelion in Italy. The domestic venture is also to receive a capital injection from both investors later this year. The most probable sum discussed is around zł.50 million, which would double the company's capital. (Puls Biznesu, p. 8) A.K.