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Investegate |Sberbank Announcements | Sberbank: NPF of Sberbank reaches agreement to buy NSPF Renaissance pensions


Sberbank (SBER)
01-Jun-2021 / 18:45 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
     June 1, 2021, Moscow
NPF of Sberbank reaches agreement to buy NSPF Renaissance pensions
JSC Non-state Pension Fund of Sberbank is acquiring a 100% stake in JSC NSPF Renaissance pensions, according to the agreement reached by their shareholders. The deal will be closed once regulatory approvals are obtained and other closing terms standard for deals like that are met.
Founded in 2002, NSPF Renaissance pensions has some 200 corporate customers, including some major international holding companies. Over 42,000 clients use the pension programs of NSPF Renaissance pensions, which has RUB 24.5 bn in assets. ....

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Keeping lebanese wealth alive - Executive Magazine


Keeping Lebanese wealth alive
September 12, 2018
The quest of trying to depict the 2018 outlook on investment opportunities from the Lebanese corner reminds in some respects of the almost 20-year old hit comedy on the American mob, Analyze This. As with the Robert de Niro and Billy Crystal pic, any move of international financial markets and any development on the political front might lead to a panic attack. There are double-crossing mobsters hiding in every cabinet and behind every curtain. Plus, everything is complicated.
What makes things especially complicated for local investors is that they are threatened on two sides. To revert from Hollywood movie imagery to the rich lore of seafaring Mediterranean peoples, the Lebanese investors’ perennial odyssey on financial markets in 2018 is passing through the narrows between the mythical monsters, Scylla and Charybdis. To one side towers the global markets scenario of volatility and uncertainty like the six-headed mo ....

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Allaria: Market outlook for 2021, and why you shouldn't invest accordingly


Allaria: Market outlook for 2021, and why you shouldn t invest accordingly
Joe Allaria Wealth Advisor
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Allaria
The beginning of every new year causes investment advisors and other financial “experts” to start releasing their market predictions for the upcoming twelve months. Many investors listen and may even adjust their investments accordingly. However, these “expert” predictions are frequently and sometimes drastically wrong.
So, before you put too much “stock” into the predictions swirling around about 2021, let’s take a look back at what these market analysts had to say about 2020, and how those predictions turned out.
Getting It Wrong on 2020 Outlooks
According to a Financial Advisor IQ article, Darrell Cronk, the President of Wells Fargo’s Investment Institute and Chief Investment Officer for the Bank’s Wealth Management Unit, said Wells Fargo did not believe a recession would happen in 2020.1 He also mention ....

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