(Ljubljana, 9 September 2019) KD Funds, the first Slovenian asset management company, joined the Generali Group in February and, within this framework, will continue its long tradition of providing outstanding asset management and investment services under a new corporate identity.
The name of KD Funds has officially changed to Generali Investments LLC while its brand identity will now be linked to the iconic lion of St. Mark, the symbol of Venice and of the Generali Group.
The existing range of products and services will be maintained and in the future will undergo a process of rebranding and continuous improvement, incorporating the innovations and best practices acquired through the extensive international experience of the Generali Group. The rebranding process will not affect our clients or ongoing business agreements.
Josef Beneš, Chief Investment Officer of Generali CEE Holding B.V. and Chief Executive Officer of Generali Investments CEE, said: “KD funds, becoming Generali Investments, is home to the most renowned and awarded team of local experts and boasts the longest tradition of asset management on the SEE markets. All the current advantages of its value creation capabilities will be amplified by the access to the global know-how and opportunities provided by the Generali Group.”
Luka Podlogar, President of the Management Board of Generali Investments LLC commented: “We combine our excellent asset management performance and unmatched knowledge of our investors’ needs with a truly global platform. In the following period, our team’s purpose is to deliver even better results with the help of innovative, accessible and personalized services.”
The Generali Group has been operating in Slovenia since 1997. In line with its Generali 2021 strategy and its vision to develop in Slovenia and the entire Austria, CEE and Russia Region, Generali significantly increased its presence on the local market in 2018, after signing an agreement with KD Group to acquire the entire corporate capital of KD Funds and Adriatic Slovenica. The transactions were finalized after receiving the approval of the relevant supervisory authorities earlier this year.
THE GENERALI GROUP
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of more than € 66 billion in 2018. With nearly 71,000 employees serving 61 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the lifetime partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network. In Austria, Central and Eastern Europe and Russia the Group operates through its Austria, CEE & Russia Regional Office (Prague) in 13 countries.
Generali Investments has EUR 488 billion in assets under management globally, and EUR 20 billion in assets under management in the CEE countries, which makes it one of the largest asset management companies in the CEE region.