Kvika has signed a cooperation agreement with
international asset management firm T. Rowe Price for the sale and distribution
of the company's funds. T. Rowe Price is known worldwide for its vast selection
of funds in all asset classes and markets. For the past twelve years, Kvika has
had a successful collaboration with Credit Suisse, which is well known among
investors in Iceland. With increased authorisations for investment abroad,
Kvika has worked towards increasing the foreign investment options it offers to
its customers, and the collaboration with T. Rowe Price is an element in this
strategy.
T. Rowe Price was founded in the United States
in 1937. It operates in 16 countries and currently has some USD 760 billion
under management. The company pursues a disciplined investment strategy, with
emphasis on research, active risk management, and stability.
Kvika customers now have access to the broad range of
global bond and equity funds managed by T. Rowe Price and Credit Suisse.
Asset management is Kvika´s cornerstone, offering investors and depositors comprehensive solutions covering major asset classes in both domestic and global markets. World Finance magazine recently voted Kvika Asset Management as Iceland´s best Investment Management Company 2016 for the third year running. The assessment is based on factors such as performance, growth, product development, attitude towards risk, and social responsibility.
Sigurður Hannesson, managing director of asset management:
“Kvika has collaborated successfully with Credit Suisse on international
investments for a long time, in line with its strategy of offering its
customers comprehensive services relating to foreign investment. It is
therefore extremely satisfying to announce our collaboration with T. Rowe
Price, which enables us to broaden the range of investment options Kvika offers
to its customers.”