OREANDA-NEWS. September 17, 2010. ZAO Citibank and Allianz ROSNO Asset Management Company (part of the Allianz Group) have announced the signing of a new agency agreement. Within its framework, Russian clients of ZAO Citibank will be able to invest their assets into mutual funds of Allianz ROSNO Asset Management, reported the press-centre of Citibank.

Sergey Korotkov, Russia Retail Banking Business Head, said: "Citi is always focusing on the demand and growing requirements of its customers in respect to investment products and services, and the bank contributes to multiplying their wealth. Partnership with Allianz ROSNO reflects our strategy that is based on a customized approach towards every client, and thorough analysis of the products that we offer to our clients."

Igor Ryabov, Business Development Director of Allianz ROSNO Asset Management, comments: "We are proud to become Citibank’s partner in providing investment services to Russian customers. In our turn, we will make every effort to reaffirm the high level of service and quality of asset management that we provide to clients around the globe."

"Allianz ROSNO Asset Management" offers five open mutual funds to the clients of ZAO Citibank ("Allianz ROSNO – Equities"; "Allianz ROSNO – Shares of Primary Industry Companies"; "Allianz ROSNO – Shares of Non-Primary Industry Companies"; "Allianz ROSNO – Balanced"; and "Allianz ROSNO – Bonds").

"Allianz ROSNO Asset Management" is the fourth management company on the list of partners that the bank works with on investment products for Russian individuals. The total number of mutual funds that the bank’s clients can invest in has grown to 29.

Mutual funds of "Allianz ROSNO Asset Management" will be available for Citibank’s clients in all branches of the bank in 8 Russian cities: Moscow, St. Petersburg, Volgograd, Yekaterinburg, Nizhny Novgorod, Rostov-on-Don, Samara and Ufa.