The management board of BEST TFI recently welcomed a new member, Krzysztof Stupnicki, a well-known manager with many years of experience in asset management and in managerial positions in global financial institutions.
Krzysztof Stupnicki has extensive experience managing the assets of insurance, investment and pension companies in Central European markets. He has been active on the Polish capital market for over 20 years now. He has co-founded and headed some leading financial institutions, including ING Investment Management Poland and Amplico TFI, part of the AIG Group. After the takeover of AIG by MetLife, the largest insurance company in the US, he was appointed Metlife's Head of Investment for Central Europe.
In the first quarter of this year, Krzysztof Stupnicki joined the BEST TFI team, and on 17 April, the Supervisory Board appointed him as a member of the management board. “I was honoured to have such a renowned expert join the BEST TFI board. I am confident that his knowledge and extensive experience will contribute to our company's growth, including the development of new capabilities not limited to the management of securitization funds,” said Krzysztof Borusowski, President of BEST and BEST TFI (the stock exchange listed BEST is the owner of BEST TFI).
“I was pleased to be offered a position at BEST TFI. I am glad I could join such a rapidly growing company, one of the leaders in its field. I hope my professional experience helps further develop BEST TFI and ultimately the entire BEST Group,” said Krzysztof Stupnicki.
The responsibilities of Krzysztof Stupnicki at BEST TFI will include developing the company's capital market activities.
This press release is for promotional purposes only. The Primary Prospect (original Polish name: “Prospekt podstawowy”), as approved by Polish Financial Supervision Authority on 21 March 2014, its possible annexes and update announcements, and Final Bond Issue Conditions (original Polish name: “Ostateczne Warunki Emisji Obligacji”) are the only legal sources for information on the public bond offering by BEST S.A. The Primary Prospect, its possible annexes and update announcements, and Final Bond Issue Conditions have been electronically published on the company’s website (www.best.com.pl). Bonds shall not constitute a bank deposit and shall not be included in any deposit guarantee scheme.
BEST: Company Overview
BEST S.A. has been listed on the Warsaw Stock Exchange since 1997, as a company specialising in the trading and managing of non-performing debts. The BEST Group actively invests in debt portfolios (especially in the field of banking) with the use of securitisation funds, as well as providing debt collection services for third parties: banks, telecommunication operators, power companies, and other mass service providers.
BEST is also the sole shareholder of BEST TFI, which obtained its licence to operate from the Polish Financial Supervision Authority (KNF) in 2008. The combination of expertise in the fields of debt collection and that of the establishment and management of investment funds has helped the entity to concentrate all the elements of its business model within one capital group.
Currently BEST TFI manages four funds, including three securitisation funds: BEST I NSFIZ, BEST II NSFIZ and BEST III NSFIZ, whose assets include portfolios of claims with a total nominal value of PLN 8.8 billion (as of the end of 2014) and non-public assets fund BEST Capital FIZAN.
For more information visit www.best.com.pl or contact:
tel. 22 826 74 18 / mobile: 516 173 691
tel. 22 826 74 18 / mobile: 514 985 845