August 9, 2024
Marius Moldovan officially assumes the role of Executive President of the investment fund Transilvania Investments, following the approval from the Financial Supervisory Authority dated August 9th. Together with Stela Corpacian and Răzvan Raț, Executive Vice Presidents, Marius Moldovan undertakes the mission of implementing the fund's development strategy for the next four years, focused on maximizing returns for investors and ensuring sustainable growth.
With over two decades of experience in the Romanian capital market, Marius Moldovan returns to the executive team of the investment fund, which he previously led as president during 2020-2021. The roles he has held over time, both within the management and supervisory structures of Transilvania Investments and within the companies where Transilvania Investments is a majority shareholder, provide him with the necessary expertise to implement the strategic directions defined for the development of the investment fund.
In his new mandate as Executive President, Marius Moldovan, along with the Executive Board members, will aim to achieve the main objectives set by Transilvania Investments shareholders for the 2024-2028 period: achieving an annual growth of at least 6% in the net asset value per unit and a reduction of at least 7% in the trading discount, remunerating shareholders through a mix of instruments (dividends and reducing the trading discount), increasing the share of dividends generated by the portfolio of majority stakes, restructuring the historical portfolio, and more.
„Transilvania Investments has now a team prepared to bring a fresh perspective and implement innovative strategies within its operations. Our primary focus remains on increasing the value of the managed portfolio, with the identification of new opportunities being crucial to meeting the ambitious objectives set for our shareholders. I am confident that, through the new leadership, we will sustain the upward trend of the recent years.," says Marius Moldovan, the new Executive President of Transilvania Investments.
As of June 30, 2024, Transilvania Investments manages assets worth 2,061.88 million lei, an increase of 38.19% compared to the value recorded in the same period of the previous year and an increase of 13.04% compared to December 31, 2023. In July, the investment fund began distributing dividends to shareholders for the 2023 financial year, with a gross value of 0.015 lei per share. The financial results for the first half of this year will be published on August 12.
