Former Minister for Finances Daniel Daianu acquired in April a stake accounting for seven per cent in the stock of SAI Investica Asset Management, a decision based on the high development potential of the mutual fund industry in the coming years. “The local mutual fund industry has a high development potential in the years to come. The financial mediation rate is still rudimentary in Romania, and companies such as those which administer mutual funds have substantial growth prospects,” Daniel Daianu told Mediafax. He mentioned he paid approx. EUR 10,000 for the shares. The Investica Asset Management was incorporated in December 2005, shareholders including Senator Verestoy Attila’s son, who currently holds 78 per cent of the equity. His stake previously accounted for 80 per cent of the stock.

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