Corporate pension funds whose members' assets are invested with Evli Securities will be able to view the performance of these assets online.
This follows Evli’s application to the finance ministry for a license to operate as a credit institution, specialising in asset management, brokerage and corporate finance. With the new license, the official name of the company will be Evli Pankki Oyj in Finnish, Evli Bank Abp in Swedish and Evli Bank plc in English.
Evli CEO Henrik Andersin said that pension fund members will be able to view asset performance via the internet by the end of 2001. At the first stage of operation as an online credit institution, clients of EvliNet Asset Management Portal will be offered the use of an interest-bearing current account, covered by the Finnish deposit insurance system.
Becoming an electronic asset management and investment bank is part of Evli’s international expansion project.
The firm has offices in Helsinki, Stockholm, New York, and San Francisco. Towards year-end, Evli will open an office in Luxembourg.
By Janet Du Chenne
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