TIRANA, April 5 /ATA/ The AFSA General Executive Director, Ervin Mete, held a meeting with the directors of the Intesa Sanpaolo Group, which includes Eurizon Capital, an investment fund management company, ranked second in Italy in terms of net asset value.
At issue were the opportunities for the Albanian investor to access the investment funds of the company Eurizon Capital through the bank Intesa Sanpaolo Albania.
In his remarks, the General Executive Director of Albanian Financial Supervisory Authority said that the new law “On Collective Investment Enterprises” creates for the first time the possibility of marketing and direct distribution of European funds, licensed in the EU, to investors in Albania.
Mete stressed that the presence of internationally known names in the market of collective investment enterprises in Albania increases market standards and creates more space and alternatives for investors.
The General Executive Director of Intesa Sanpaolo Bank Albania, Alessandro D’Oria, praised the role of the Authority in terms of completing the necessary legal and regulatory framework, as well as the implementation of the compliance process in line with the requirements of the new law. D’Oria said that the bank in the role of distributor aims to give Albanian customers the opportunity to invest in investment funds of Eurizon Capital S.A.
This new investment service will provide a new opportunity to directly access the international asset management market.
Following the adoption of the new law “On collective investment undertakings” in 2020 and the completion of the entire regulatory framework by the Authority, there has been a growing interest in new investment funds. During 2021, AFSA licensed two open equity investment funds with public offering, as well as registered two alternative investment funds.
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