HSBC is the first asset-management giant joining the local market since the US fund Franklin Templeton attracted by the mandate of manager of Proprietatea Fund.
Currently, the asset-management market is dominated by the Austrian financial groups Erste and Raiffeisen. The UK group coming to Romania takes place as the local asset-management local market witnessed an upward trend over the past few years developing from assets in amount of RON 800 million to RON 15 billion currently. (source: nineoclock.ro)
