09.10.2020 UMMC GROUP AND ROSSIUM CONCERN ARE DEVELOPING STRATEGIC COOPERATION


09.10.2020

Moscow, October 09, 2020 - JSC NPF UMMC-Perspective, which carries out activities in compulsory pension insurance and non-state pension provision, plans to become part of the financial block of the Rossium.

This decision meets the strategic priorities of the parties to develop cooperation in terms of providing UMMC Group companies and their employees with comprehensive financial services - an ecosystem that includes, inter alia, individual and corporate pension programs, as well as compulsory pension insurance. The purpose of transferring the Fund to the Rossium Concern is to improve the efficiency of the Fund's management, to ensure a stable increase in pension funds of current and future recipients of pensions for non-state pensions and compulsory insurance, to improve and digitize all client services.

Concern ROSSIUM is one of the largest diversified investment holdings in Russia with a focus primarily on finance. The Concern also includes NPF Evolution, which has long-term experience of successfully managing corporate programs. For the clients of JSC NPF "UMMC-Perspective" this will create a synergistic effect and further improvement of pension programs, connection to modern digital services to ensure maximum comfort.

Andrey Kozitsyn, General Director of the Ural Mining and Metallurgical Company,”The discussed cooperation with The ROSSIUM Concern is a logical step in the development of strategic partnership. When choosing a partner, we settled on a reliable and professional player with whom we plan to develop long-term cooperation. We are experts in the mining and metallurgical industry, the ROSSIUM Concern specializes in financial services. Each of the parties is a professional in their field. We are confident that the accumulated experience of investing and managing financial assets, the development of digital financial services, will ensure the safety and profitability of pension funds for our employees, the clients of the Fund.”

Vyacheslav Sheloputov, General Director of Concern ROSSIUM, “The processes of consolidation of non-state pension funds (NPF) and transfer of their management to large financial structures with the necessary competence and opportunities for development continues in the pension services market. Cooperation with the Ural Mining and Metallurgical Company, one of the TOP-10 largest employers in Russia (about 80,000 employees), is a very important and honorable task for us.”


Reference

LLC Concern ROSSIUM - Limited Liability Company Concern ROSSIUM was established in 2006 and today is a diversified investment holding, key investments of which relate to the financial sector and real estate. The Concern's key assets are the Moscow Credit Bank, NPF Evolution and Ingrad Group of companies.

The Ural Mining and Metallurgical Company is a Russian mining and metallurgical holding, the largest producer of copper, zinc, coal and precious metals in the country, uniting more than 40 industrial enterprises in Russia and abroad.