FIM is now Glitnir

FIM Group’s parent company FIM Group Corporation’s name has been changed to Glitnir Corporation. Simultaneously, the companies representing FIM Group’s business units were renamed. FIM Asset Management Ltd’s new name is Glitnir Asset Management Ltd, and FIM Corporate Finance Ltd is Glitnir Alternative Investments Ltd.

FIM Securities Ltd changed its name to Glitnir Bank Ltd already on 21 August 2007 when The Finnish Financial Supervision Authority granted Glitnir Bank the permission to act as a credit institution and a Finnish deposit bank.

Also the names of the subsidiaries operating in Russia and the Swedish branch will be changed to start with Glitnir.

FIM Funds managed by Glitnir Asset Management Ltd will keep their present names.

”We are an important part of Glitnir, and changing the company names is a natural next step in the integration of the companies. The brand of FIM Funds is strong, and therefore, they will continue to operate under their existing names. Changing the company names will not affect the operations of Glitnir nor the funds managed by it,” says Pekka Väisänen, CEO of Glitnir Corporation.

Glitnir Corporation

Distribution:
Main media

Further information:
Pekka Väisänen, CEO, tel. +358 9 6134 6343
Mari Tyster, Head of Group Legal and Compliance, tel. +358 9 6134 6416
Anssi Partanen, Corporate Communication Manager, tel. +358 9 6134 6429, mob. +358 50 5681952, email. anssi.partanen@glitnir.fi

About Glitnir

Glitnir Corporation is the Finnish part of the financial group Glitnir, which offers universal banking and financial services. Glitnir is a leading Nordic-based bank and financial institution. In Northern Europe, Glitnir concentrates on selected business lines including investment management, investment banking, corporate banking and the securities market.

Glitnir considers Northern Europe its home market. The Glitnir group has operations in the Nordic countries, the UK, Luxembourg, Russia, Canada, the USA and China. Glitnir is listed on the Icelandic Stock Exchange.

In addition to the head office in Helsinki, Finland, Glitnir Corporation has regional offices in Espoo, Jyväskylä, Kuopio, Lahti, Oulu, Riihimäki, Tampere, Turku and Vaasa. (www.glitnir.fi)

Over the recent years, Glitnir has expanded its operations strongly, both through organic growth and acquisitions. In spring 2007 Glitnir acquired a majority shareholding in FIM Group Corporation, the investment group FIM’s parent company. FIM Group Corporation was delisted from OMX Helsinki in August 2007 and the company now operates as a part of the Glitnir group (www.glitnirbank.com).