Who we are

BT Asset Management SAI is an investment management company and a subsidiary of Banca Transilvania Financial Group. The management activity covers open-end and closed-end funds, with investments in a broad spectrum of financial instruments (government securities, deposits or shares).

The asset management activity started in 2005, with a modest client portfolio. From that moment on, we have gained the confidence of more and more investors in the products offered by BT Asset Management SAI. Thus, in 2020, we reached a portfolio of more than 40,000 clients and of assets exceeding 4 billion RON. The confidence of our clients is the utmost recognition to which we can aspire; therefore, our future endeavor is to achieve a stable evolution and to raise a significant number of investors.

We describe ourselves as a firm promoter of the local entrepreneurial spirit through the products offered to our clients. We are a member of Banca Transilvania Financial Group, which has always shown understanding and support to those who wish to become entrepreneurs and are driven by success. We offer our investors an array of options to capitalize on their liquidities and savings by making the best use of capital market opportunities.

We are supported by renowned entities in the Romanian financial sector, our main shareholders being:

All these aspects have contributed to the increasing role of BT Asset Management SAI in the local investment fund industry, the company being one of the most prominent players in Romania. The funds managed by BT Asset Management SAI are dedicated to Romanian and foreign individuals and legal entities that do not possess sufficient information to create a portfolio on their own by mitigating at the same time the capital market inherent risks. The advantages of investing in our funds consist of quality services provided to our clients and the mitigation of the risks arising from market operations through portfolio diversification.

At the present, the joint stock company BT Asset Management SAI holds a share capital of 7,165,700 Ron and is authorized by the National Securities Commission (currently the Financial Supervisory Authority - FSA) to provide services in accordance with the Government Emergency Ordinance no. 32/2012 on undertakings for collective investment in transferable securities and investment management companies, being registered with the National Securities Commission (currently the Financial Supervisory Authority - FSA) under no. PJR05SAIR/120016/29.03.2005.

Moreover, BT Asset Management SAI is authorized as an Alternative Investment Fund Manager pursuant to the FSA authorization no. 30/01.02.2018, being registered with this status in the Financial Supervisory Authority Register under no. PJR071AFIAA/120003/01.02.2018.

BT Asset Management SAI is a data Controller pursuant to Regulation (EU) 2016/679 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data.

According to the Agreement between the United States of America and Romania to improve international tax compliance and to implement FATCA, BT Asset Management SAI is recorded with the Internal Revenue Service (IRS), being assigned the FATCA status of Reporting Financial Institution (Model 1 IGA), with the Global Intermediary Identification Number (GIIN) 4ID1WZ.00002.ME.642.

As of the enforcement of the new Fiscal Procedure Code on 01.01.2016, transposing in the national legislation the provisions of Directive 2014/107/EU on the mandatory automatic exchange of information in the field of taxation through the Common Reporting Standard (CRS), BT Asset Management SAI has been subject to the obligation of applying the reporting and tax diligence standards that constitute an integral part of the Code.

BT Asset Management SAI is registered under the LEI code 25490007RQZBTI91HW10, which is a legal entity identifier based on the global ISO 17442 standard, connecting to key reference information that enables the clear and unique identification of legal entities participating in financial transactions.

Our team

To be as close as possible to investors, some of the BT Asset Management SAI team members would like to introduce themselves:

Aurel Bernat
CHIEF EXECUTIVE OFFICER
Telefon: +40.(0)730.075.128; +40.(0)264.301.618
E-mail: aurel.bernat@btam.ro

Aurel Bernat has graduated from Babes-Bolyai University in Cluj-Napoca (European Institutions Management specialization) and pursued postgraduate studies in Business Administration. Between 2005-2006, he worked in the International Relations Department of Banca Transilvania and in 2006 he became a member of the Corporate Department of BRD-GSG. He joined BT Asset Management in 2007, being in charge of the relationship with the existing and potential investors, but also ensuring the implementation of the company’s development strategies. In October 2009 he was promoted as Head of Sales and between 2013-2015 he held the position of Head of Sales and Marketing. Between 2015-2017, he was the Deputy CEO of BT Asset Management.

Dorina JOSAN
DEPUTY CHIEF EXECUTIVE OFFICER

Dorina Josan has graduated from the Faculty of Electrical Engineering in Cluj-Napoca (Computer science specialization). For a period of 10 years since 1984, she worked for the Institute for Computer Research, in the field of software development. Between 1994-1996, she held the position of research scientist in artificial intelligence and network software. In parallel, in 1994, Dorina Josan made her entry in the investment fund industry by participating actively in the implementation of the specific IT systems used in this field. In 1995, she became the Operations Manager of Creditanstalt Romania Cluj-Napoca, subsequently CA IB Asset Management, being in charge of the coordination of the specific operating activity related to investment funds. With a rich experience in back-office operations, Dorina Josan was involved in the foundation of BT Asset Management SAI in 2005 and the commencement of the asset management activity in her position as Deputy Chief Executive Officer. Between 2013-2017, she held the position of Chief Executive Officer.

Dan DASCAL
DEPUTY CHIEF EXECUTIVE OFFICER

Dan Dascal graduated from the Faculty of Automation and Computer Science in Cluj-Napoca in 1996. He has a rich capital market experience, as he started working ever since 1997 as a broker and subsequently as a branch manager for SVM Elita Invest 89. Further on, in 2001, he became the Head of Trading of SVM Transilvania Capital Invest. Between 2003-2015, he held the position of Operations Manager at SSIF BT Securities, a subsidiary of Banca Transilvania Financial Group, coordinating the Brokerage, Trading and Financial Analysis departments. After working for 2 years in the Capital Investments Department of Banca Transilvania, he joined the BT Asset Management team in May 2017, coordinating open-end and closed-end investment funds in capacity as Head of Analysis and Asset Management.

Irinel TOLESCU
SALES MANAGER
Telefon: +40.(0)758.230.839; +40.(0)264.301.365
E-mail: irinel.tolescu@btam.ro

Irinel Tolescu graduated from Babes-Bolyai University in Cluj-Napoca, Faculty of Geography in 1997. In 2008, he obtained a degree in Banking Management and Marketing from the Romanian Banking Institute. Between October 2007 - August 2011, he worked in the Retail Department of Banca Transilvania, Alba-Iulia Branch, where he achieved excellent results in banking sales, but also in the investment product segment. He joined BT Asset Management SAI in September 2011, being in charge of the relationship with investors and the promotion of investment products in the Transylvania region. In January 2014, he became Senior Regional Sales Manager - Transylvania region and in May 2017 he was promoted to the position of Sales and Marketing Manager.

Ionut STROE
REGIONAL SALES MANAGER - BUCHAREST AND SOUTHERN REGION
Telefon: +40 (0)744.761.329
E-mail: ionut.stroe@btam.ro

Ionut Stroe has graduated from Spiru Haret University, Faculty of Accounting and Management Information Systems. In 2002, he started working for Mc Donald's Romania and its subsidiaries and then for Continental Hotels Bucharest. Between October 2009 - December 2013, he was a member of Banca Transilvania’s Retail Department at Bucharest Pantelimon Branch. He joined BT Asset Management SAI in January 2014, being in charge of the relationship with investors and the promotion of investment products in Bucharest and the southern region of the country.

Sebastian CALARA
REGIONAL SALES MANAGER - MOLDAVIAN REGION
Telefon: +40 (0)743.065.514
E-mail: sebastian.calara@btam.ro

Sebastian Calara has graduated from "Vasile Alecsandri" University in Bacau, Faculty of Economics (Accounting and Management Information Systems specialization) and pursued postgraduate studies in Business Administration at "George Bacovia" University in Bacau. Between 2007-2013, he worked as a Mobile Team officer and Payment Technologies officer at BRD-GSG Bacau. In 2013, he became an insurance officer at Omniasig VIG SA. Between 2013-2014, he worked in the Retail Department of Banca Transilvania. He joined BT Asset Management SAI in June 2014, promoting the company’s products in the Moldavian region.

Tudor Irimiea
REGIONAL SALES MANAGER - TRANSYLVANIA REGION
Telefon: +40 (0)752.190.431; +40(0)264.302.092
E-mail: tudor.irimiea@btam.ro

Tudor Irimiea graduated from the Faculty of Economics and Business Administration in Cluj-Napoca in 2007 (specialization in Commerce, Tourism and Services). Between 2007-2008, he worked as a Risk Analyst at CEC Bank S.A, and between 2008-2009 he was a Relationship Manager at Intesa Sanpaolo S.A. In 2013 he became a stock broker at SSIF BRK Financial Group S.A. and in 2015 he established the first investor club in Romania. He joined BT Asset Management SAI in July 2017, promoting the company’s products in Transylvania.

Corina Paicu
OPERATIONS MANAGER

Corina Paicu graduated from Babes-Bolyai University, Faculty of Mathematics (specialization in computer science) in 1987. Between 1995-2004, she worked for SC SPOR SA, an administrator of the ARDAF Mutual Fund, where she coordinated the Asset Computation Department. In March 2006, she joined BT Asset Management, being promoted to the position of Head of Operations in September 2006 and subsequently to that of Operations Manager in May 2013.

Renate Sas
COMPLIANCE OFFICER
Telefon: +40(0)754.066.517; +40(0)264.301.708
E-mail: renate.sas@btam.ro

Renate Sas graduated from the Technical University of Cluj-Napoca, Faculty of Electronics and Telecommunications in 1995 and pursued postgraduate studies in Banks and Capital Markets at Babes-Bolyai University in Cluj-Napoca. She worked in the Romanian capital market industry between 1997-1999, notably for SVM Startinvest SNI S.A., as an authorized broker. In 2007 she was employed with SSIF Target Capital, and after 2008 she held the position of Fund Manager and subsequently of Operations Manager at SAI Target Asset Management SAI. She joined BT Asset Management in January 2015, as a Compliance Officer.

Maria Vescan
COMPLIANCE OFFICER
Telefon: +40(0) 749.139.992; +40(0) 264.410.433
E-mail: maria.vescan@btam.ro

Maria Vescan has graduated from the Technical University of Cluj-Napoca, Faculty of Economic Engineering. Having an experience of more than 13 years in capital markets, she was involved in managing an investment management company, in managing a financial investment services company, she worked as an internal control officer, as an AML officer in charge of applying the provisions of Law 656/2002 and as an International Sanctions officer at S.S.I.F. STK Trading S.A. and STK Financial Societate de Administrare a Investitiilor S.A. She joined BT Asset Management in January 2019, as a Compliance Officer.


The entire team of BT Asset Management SAI is dedicated to its investors, focusing on increasing the assets placed under its management. At the same time, we are particularly open to those who have not yet made the first step to becoming investors, by promoting a responsive and transparent approach and by relying on mutual respect and confidence as key ingredients of fruitful cooperation.

Therefore, we express our gratitude to those who have chosen us and we invite those who are not our clients yet to meet us.

Our philosophy

BT Asset Management SAI is aware of the value of investors’ trust in the funds managed. In this respect, there are several common features that define all our actions:

  • Client orientation: we make all efforts to understand, to serve and to fulfill our clients’ requirements
  • Ongoing documentation, research and analysis: any decision concerning the investment of the assets managed through our funds is well-grounded; therefore, being permanently informed is a key priority to us
  • Risk awareness: we grant particular attention to mitigating the risks to which our investors are exposed

Complaints

For the settlement of any complaint, as well as for the alternative resolution of disputes, consumers may contact BT Asset Management SAI SA and the Alternative Dispute Resolution Entity in the non-banking financial field (SAL-FIN) respectively, according to the conditions presented in the Procedure on the settlement of complaints relating to the activity of BT Asset Management SAI SA.

The Procedure on the settlement of complaints relating to the activity of BT Asset Management SAI SA is available here.

The contact details of SAL-FIN are available on the website www.salfin.ro

Investment policy/GMS

Investment policy/GMS

Transparency information

Transparency information

Financial information

Select the year of accounting reports:
Year

Remuneration policy

Remuneration policy

Sustainability policy

BT Asset Management SAI S.A. does not fully take into account the negative impact of investment decisions on sustainability factors because certain issuers have not published sufficient information to allow an analysis of the impact of such information on sustainability factors. BT Asset Management SAI S.A. has implemented the Policy on sustainability and the integration of sustainability risks at the level of BT Asset Management SAI. S.A.and intends to take into account gradually the negative impact of investment decisions on sustainability factors, as the issuers in the portfolio or the potential issuers of interest for future investments can be assessed based on the rating of sustainability criteria (ESG rating).

Personal data protection

The Personal data processing policy valid between 24.05.2018 – 29.02.2020

The Personal data processing policy valid as of 01.03.2020

The Personal data processing policy valid as of 17.03.2021