Mr. Vladimir Kirillov will chair the Council of Management Companies at NAUFOR, the Russian National Association of Securities Market Participants

В.Е. Кириллов.jpg

Mr. Vladimir Kirillov, General Director of TKB Investment Partners (JSC) will chair the Council of Management Companies operating under NAUFOR. The decision was taken at the Council’s meeting on Tuesday, June 6.

The Council consists of heads of major management companies and members of the board of directors at NAUFOR and NLMC (National League of Management Companies). The meeting was attended by Mr. Philipp Gabuniya, Director of the Department for Collective Investments’ Market at the Russian Central Bank as well as by NAUFOR’s senior leaders.

The Council of Management Companies discussed the status of current projects run by NAUFOR to further develop the asset management market, the challenges of using national ranking scores, the proposed amendments to Federal Law 75 On Non-Governmental Pension Funds, the drafting of base standards for collective investments, and individual pension capital. The Council also adopted a decision on further actions in search of a compromise for resolving the issues discussed.

The Council of Management Companies was set up at NAUFOR in March 2017 due to the NAUFOR and NLMC merger and acts as an advisory body. 

Source: NAUFOR