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VTB Capital Investment Management and MGIMO Endowment sign trust management contract


Jul 25, 2016

VTB Capital Investment Management has received under management the trust funds of MGIMO’s Third Development Endowment Fund.

The formation of the third endowment was completed on July 21, 2016. In accordance with the objective of the fund, investment income will be directed to the development of the Odintsovo branch of MGIMO and the implementation of international programs.

VTB Capital Investment Management is a leader on the Russian market in terms of assets under management for endowment funds. As of end-June 2016 the business had 17 Russian endowment funds under management, totaling more than RUB 5.6 billion, which is more than a third of the market*.

Vladimir Potapov, Chairman of the Board of Directors of VTB Capital Investment Management, commented: «Today our company occupies a leading position on the financial market among the largest asset managers in terms of endowment funds under management. I am pleased to note that one of Russia’s largest endowment funds has entrusted to us the management of their funds. I am confident that the professionalism of our team will achieve strong results, which will increase the assets directed to achieving the objectives of MGIMO’s development fund».

Anatoly Torkunov, rector of MGIMO, said: «The endowment is growing along with the university. And, hopefully, the new target capital will be form the basis for MGIMO’s Odintsovo campus.»

MGIMO Endowment, established in 2007, is the oldest and largest in Russia. The objectives of the fund are the accumulation of target capital for the long-term development of MGIMO and project financing in accordance with the current priorities of the university. The endowment’s capital exceeded RUB 1.4 billion in 1Q16 annually, serving as a base of funding for significant and reliable support of MGIMO.


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