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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 alternative investment funds, with investments in a broad spectrum of financial instruments (equity, bonds, government securities, deposits and/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 2023, we reached a portfolio of more than 100,000 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.
To be as close as possible to investors, some of the BT Asset Management SAI team members would like to introduce themselves:
CHIEF EXECUTIVE OFFICER
Aurel Bernat is a graduate of Babeș-Bolyai University in Cluj-Napoca, European Institutions Management section, with post-graduate studies in Business Administration at the same university. On an international academic level, he completed an Executive MBA and is currently at the beggining of the long road to a PhD at the University of Hull (Great Britain). .
Professionally, Aurel has been a part of Banca Transilvania (International Relations) and BRD-GSG (Corporate) teams over the years, joining the BT Asset Management team in 2007. Meanwhile, he is a member of the Board of Directors of BT Pensii and some local publicly traded companies. He is also a part of the Board of Directors of the Association of Fund Administrators from Romania (AAF)
DEPUTY CHIEF EXECUTIVE OFFICER
Dan Dascal graduated in 1996 the Faculty of Automation and Computers in Cluj-Napoca. His first contact with the Capital Market in Romania was in 1997, when he started as a Stock Broker. Starting with 2002, Dan joined the Banca Transilvania Group, within the subsidiary BT Securities (currently BT Capital Partners), where he held the position of Operations Director. Dan joined BT Asset Management SAI in 2017, where he currently holds the position of Deputy CEO – Chief Investment Officer.
Dan has a solid background in the Capital Market, acquired in over 25 years of activity in this field, and throughout his career he led key departments within top companies that are active in the Romanian capital market.
DEPUTY CHIEF EXECUTIVE OFFICER
Calin Condor is a graduate of the Technical University of Cluj-Napoca, class of 1993, with two postgraduate studies in: Business Administration and Banking and Capital Markets. In 1995, he started his career in Banca Transilvania, and over time held the position of Deputy Director of the Treasury Department, Deputy Director of the Private Banking Department and Deputy Director of the Compliance Department of Banca Transilvania. In 2021, he joined the BT Asset Management team, coordinating the operational activity of the subsidiary.
HEAD OF SALES
Tudor Irimiea graduated in 2007 the Faculty of Economic Sciences and Business Management in Cluj Napoca and is currently taking Executive MBA courses at the University of Hull in Great Britain.
After graduation, he started his activity in the banking sector, predominantly in the sales department. Since 2013, he has been working as a stock broker, and in 2015 he founded the first investors' club in Romania. Since 2017, he has joined the BT Asset Management SAI team, and is currently managing the sales division.
REGIONAL SALES MANAGER - MOLDAVIAN REGION
Sebastian Calara is a graduate of the "Vasile Alecsandri" Faculty of Economic Sciences in Bacau, with postgraduate studies in Business Management at "George Bacovia" University of the same city.
Over time, he worked in BRD-GSG and Omniasig VIG SA in various positions within the sales departments. In 2014, he joined the BT Asset Management SAI team, where he is responsible for promoting products in the eastern region of the country.
REGIONAL SALES MANAGER - BUCHAREST AND SOUTHERN REGION
Cristian Nisulescu has a master’s degree from the Faculty of Accounting, Audit and Management Informatics , class of 2010. Over time he has held the positions of financial consultant, accountant and analyst. He started working in Banca Transilvania in 2016, and in 2018 he joined the BT Asset Management team, taking the position of Regional Sales Manager, in which he ensures the relationship with clients and promotes investment products in the Southern region of the country.
REGIONAL SALES MANAGER - BUCHAREST AND SOUTHERN REGION
Eduard Inizian has over 15 years of experience in the banking field and holds a specialization in the capital market obtained from Tulane University, USA.
He worked at Raiffeisen Bank and Erste Asset Management SAI where his priority was the creation of an institutional client base. Eduard is part of the BT Asset Mamagement team since 2021, on the position of Regional Sales Manager covering the Bucharest and the Southern Region of the country.
REGIONAL SALES MANAGER - TRANSYLVANIAN REGION
Kristof Kondrat attended the courses of "Babeș-Bolyai" University in Cluj-Napoca, Faculty of Business, Business Administration section. Between 2021-2023, he held the position of stock broker within the company Tradeville SA. Prior to that, he was involved in multiple educational projects such as Minutul Financiar, a project aimed at promoting the local stock market. At the beginning of 2023, he joins the BT Asset Management SAI team with the objectives of promoting products and maintaining contact with clients in the Transylvania region.
Andrei Iupceanu graduated both from the Faculty of Mathematics and Informatics at "Babes-Bolyai" University, and from the Faculty of Economic Sciences at "Bogdan-Voda" University. He holds a master's degree in Management in Administration, Credit Institutions and Commercial Companies, obtained at "Bogdan-Voda" University. His studies are completed by his participation in specialized courses organized by the Romanian Banking Institute.
In 2005, shortly after the establishment of BT Asset Management, Andrei joined the fund management team, mainly managing investments denominated in RON and USD, for the fixed income funds.
Roland Nagy graduated in 2016 from the Faculty of Economic Sciences and Business Management, specialized in Accounting and obtained the CFA (Chartered Financial Analyst) certification in 2021.
Immediately after graduation, Roland joined the Banca Transilvania Financial Group where he gained experience as a financial analyst and, since 2019, he has been managing sector funds within BT Asset Management SAI SA.
Rares Trif graduated the Faculty of Economic Sciences and Business Management, from Babes-Bolyai University in Cluj-Napoca in 2008, majoring in Finance and Banking, then following the master's studies in Business Management from the same institution. Later, he obtained the international „Fixed Income Certificate” issued by the ICMA Center, in partnership with the University of Reading, UK.
He started as a consultant for accessing European funds, and later, in 2013, Rares joined the BT Asset Management team, within the Investments Department. Since 2017, he helds the position of Fund Manager, operating the investments in fixed income instruments denominated in EUR
DIGITAL DEVELOPMENT DIRECTOR
Irinel Tolescu graduated from Babes-Bolyai University in Cluj-Napoca, Faculty of Geography in 1997, and in 2008 he completed the specialization courses in Management and Marketing at the Romanian Banking Institute.
He started his activity within the BT Group in 2007, in the Retail department, and in 2011 he joined the BT Asset Management SAI team in the Sales division. During this time, he held the position of Sales and Marketing Director, and currently coordinates the implementation of the company's projects within the Digital Development Department
Arian Vuscan is a graduate of the Babeș-Bolyai University in Cluj-Napoca, Faculty of Economic Sciences, Finance-Banking section, with postgraduate studies as an accountant and financial auditor.
Professionally, Adrian has been part of BT Asigurari, Groupama Asigurari and the National Union of Insurance-Reinsurance Companies from Romania, occupying various management positions. Between 1998 and 2004, he was appointed by the Financial Budget Committee of the Romanian Parliament as a censor of the National Bank of Romania.
In 2016, he joined the BT Asset Management team, on the position of economic director, and from 2020 he was also appointed as the economic director of BT Pensii.
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.
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.
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
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
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