Skip to main content

Šiaulių bankas company SB Asset Management has obtained a management company licence

Written by Customer Service on . Posted in Public Companies.

SB Asset Management, a company established by Šiaulių bankas, has been granted by the Bank of Lithuania a license of a management company acting in accordance with the Law on Collective Investment Undertakings of the Republic of Lithuania.

SB Asset Management has been established in preparation for the implementation regarding the merger of Šiaulių bankas and Invalda INVL retail client asset management and life insurance businesses with Šiaulių bankas (see. Notice). It is estimated that after the transaction closing date the SB Asset Management would take over the management business of pension funds and investment funds for its further development.

”This license is an important achievement for implementation  of the transaction with Invalda INVL, allowing the merger to proceed as planned. We believe that the development of savings and investment solutions will bring more flexibility and attractiveness to our existing and future clients of Šiaulių Bankas Group, as well as enhance competition in the market”, says Tomas Varenbergas, Director of Treasury & Markets of Šiaulių Bankas.

Upon completion of the transaction with Invalda INVL, the Šiaulių bankas group would expand and strengthen the segment of retail banking services with savings and investment products. This would create the basis for Šiaulių bankas group to develop a new generation of financial services provider offering even wider range of services from a single source.

Additional information:
Tomas Varenbergas
Director of Treasury & Markets
tomas.varenbergas@sb.lt, +370 5 203 22 00

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.