The process of merging INVL Asset Management, MP Pension Funds Baltic and INVL Fondai – companies that are part of Invalda INVL, one of the leading asset management groups in the Baltic countries – is currently being completed.
The Board of the Bank of Lithuania on 29 September approved the decision to invalidate the license of MP Pension Funds Baltic, making it possible to complete the merger of INVL Asset Management, MP Pension Funds Baltic and INVL Fondai in the near future.
Once the merger is complete, the single company INVL Asset Management will continue operating in Lithuania, offering asset management in pension and mutual funds as well as other investment services, and boasting the country’s largest team of investment professionals.
“We’ll offer clients a wide choice of savings and investment solutions that fit their needs – from pension funds to alternative investments,” says Darius Šulnis, the CEO of Invalda INVL and INVL Asset Management.
The merger does not require clients to take any actions, as all agreements will remain in force. The company will continue to serve clients at the offices of INVL Asset Management in Vilnius, Kaunas and Klaipėda, as well by Internet at the website www.invl.com. In the course of the merger, INVL Asset Management became the manager of all of MP Pension Funds Baltic’s pension funds as of 1 September.
Companies in the Invalda INVL group, which has been in operation since 1991, manage pension and mutual funds, alternative investments, individual portfolios, private equity and other financial instruments. They currently manage more than 300 million euros of assets entrusted to them by over 150,000 clients in Lithuania and Latvia as well as international investors.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
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INVL and Šiaulių bankas merged their retail services as of 1 December 2023.