Aviva has entered into an agreement in Romania to purchase 99.8 percent of the shares of Certinvest, a Romanian asset management company, from Eugen Voicu, the CEO of Certinvest and the Romanian-American Enterprise Fund (RAEF), a private US corporation.
Certinvest, which had gross assets of EUR 1.1 million, manages approximately EUR 24 million in four open-ended funds and also offers individual investment accounts for high net worth individuals.
“This acquisition is part of our European strategy to continually adapt our range of long term savings products and services to meet our customers’ needs,” says Tidjane Thiam, chief executive officer of Aviva Europe.