November 5th, 2007
Catella starts asset management company in Finland and Russia
Catella Property Oy incorporates its asset management services in a new company - Amplion Asset Management Oy - which will be a 100 per cent owned subsidiary of Catella. Amplion will provide asset management services in Finland, Russia and the Baltic countries. On the fast developing property markets in Russia and the Baltic countries, Amplion will focus especially on providing new investment opportunities with full asset management to foreign investors. Amplion will look after all property related issues on behalf of investors lacking their own resources in these markets, says Eero Syväniemi, newly appointed Managing Director of Amplion.
Amplion will further strengthen its resources in Russia as the property market is one of the astest growing segments of the Russian financial sector. An increasing number of investors look to the Russian property market for investment opportunities, attracted by its growth potential.
Some investors, however, refrain from acting on Russian and the Baltic markets as they lack resources both to identify opportunities - and, if an investment is made - to look after it. Amplions business concept is to act as an asset manager partner, offering full service to institutional foreign investors and investment companies. It is a logical step for the Catella Group to create Amplion around the expanding Finnish organization, as Catella Finland has continuously been developing its asset management business in the Finnish, Russian and Baltic markets, says Catella Property Oys MD Timo Nurminen, who also acts as Amplions chairman of the board.
Amplion operates through highly experienced local teams, located at offices in Helsinki, Moscow and St Petersburg. Mr. Eero Syväniemi, previously head of the asset management operations of Catella Property Oy, has been appointed Managing Director of Amplion. In the Russian operations, the Moscow office is led by Mr. Alex Belenkiy, who has held several top positions in the Russian property and financial markets, most recently employed by one of the leading Russian investment banks. The St. Petersburg office is led by Mr. Mikko Söderlund, who has been working in Russia for the last 14 years.
Our operations will be characterized by high transparency and quality, combined with strong local market knowledge and efficiency. This enables us to identify unique investment opportunities for our clients, while limiting their risk. We expect that through Amplion we can assist foreign investors to invest some 2.0 billion euros in the Russian market within the next 2-3 years, says Eero Syväniemi.
Amplion Asset Management offers comprehensive and professional asset management services to institutions and private investment companies on the Finnish, Russian and the Baltic property markets. By combining local market knowledge, asset management skills and transaction execution power, Amplion provides foreign investors with a bridge between international capital and the local real estate market. Amplion operates through offices in Helsinki, Moscow and St Petersburg. Amplion is part of the Catella Financial Advisory Group, a European investment bank, with operations in twelve countries and over 350 employees.
Eero Syväniemi, MD, Amplion Asset Management, telephone +358 502 076
Timo Nurminen, Chairman, Amplion Asset Management, telephone +358 50 337 33 20
Johan Ericsson, CEO, Catella Property Group, telephone +46 705 440 000
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