Fiduciary management of the FEFU Endowment Foundation money to be conducted by Gazprombank Asset Management Company

An income generated by fiduciary management of the endowment created to support the University, is to be disbursed for FEFU support and development, which would include improvement of the physical infrastructure, enhancement of academic programs, funding of investment projects in priority areas of the University and the region.

“The work of the Far Eastern Federal University Endowment Foundation has commenced relatively short time ago, thanks in large part to support of the major Russian corporations, the leadership of the country and the members of the Board of Trustees of the Foundation. Once we have transferred the funds of our first endowment for fiduciary management, we would continue active work on formation of sustainable structure of funding of the leading University of the Asia Pacific. We hope that our cooperation with Gazprombank Asset Management Company will be effective,” says Igor Osipov, the Chairman of the FEFU Endowment Foundation Board

“We thank Far Eastern Federal University for choosing our Company. Cooperation with one of the nation’s leading universities is a matter of great responsibility for us and once again it demonstrates the demand for the unique experience and high performance of our team,” says Lyudmila Panteleyeva, Deputy Chief Manager of the Department of Investment Management of Gazprombank.

Info: Earlier this February Aeroflot has signed a donation contract with the Endowment Foundation of the Far Eastern Federal University on contribution of 50 million rubles towards the University endowment.

Source: Press Service of Gazprombank Asset Management Company, http://www.gazprombank.ru/press/news/530459/