Alfred Berg Funds Ltd merges into Elite Fund Administration Ltd
Elite Asset Management Plc, Company Announcement, 15 August 2017 at 12:00 (EET)
Alfred Berg Funds Ltd merges into Elite Fund Administration Ltd
The boards of directors of Alfred Berg Funds Ltd and Elite Fund Administration Ltd have approved the merger plan, according to which Alfred Berg Funds Ltd would merge into Elite Fund Administration Ltd. The purpose of the merger is to remove overlapping functions and to centralise group's fund company functions into one company. The planned implementation date of the merger is 31 December 2017.
Both fund companies are an 100% owned subsidiaries of Elite Asset Management Plc. The reorganisation is not expected to affect the financial standing or the result of Elite Asset Management.
ELITE ASSET MANAGEMENT PLC
Board of Directors
Further information:
Elite Asset Management Plc
Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@elitevarainhoito.fi
Kari Juurakko, Chairman of the Board
+358 50 582 7411
kari.juurakko@elitevarainhoito.fi
Certified Advisor Merasco Oy
Telephone: +358 9 6129 670
Elite Asset Management Plc is a profitable and growing investment service company that offers versatile and high-quality asset management services for both consumer and professional investors. Elite Asset Management Plc is listed on the First North Finland market maintained by NASDAQ Helsinki (Helsinki Exchanges). Elite Asset Management Plc is the parent company of the Elite Group (Elite). Elite's customer base consists of individuals and corporations that the company serves nationwide in 13 different locations. The first company belonging to the current Elite Group was founded in 2000. Elite employs about 80 investment professionals and offers over 30 tied agents to the Group's services. On behalf of its clients, the company manages assets of approximately EUR 3 billion in total. Check out Elite's services at www.elitevarainhoito.fi.
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