Public offering of shares in Iceland Seafood International

Kvika in collaboration with T. Rowe Price

Wednesday 17. ágúst 2016

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.”