PRESS RELEASE March 18, 2015 THE HUNGARIAN INVESTMENT

PRESS RELEASE March 18, 2015 THE HUNGARIAN INVESTMENT

PRESS RELEASE
March 18, 2015
THE HUNGARIAN INVESTMENT SERVICES PROVIDER CONCORDE SECURITIES
BECOMES MEMBER OF BVB
The Bucharest Stock Exchange (BVB) Board of Governors approved the Hungarian brokerage house
Concorde Securities as Participant at the BVB’s trading system on the regulated spot market and its
registration in the Participants’ Registry.
"The membership of Concorde Securities and its direct presence on the Romanian capital market is
consistent with the strategy of the Bucharest Stock Exchange to remove the barriers impeding the
accessibility to the market by intermediaries and investors. It is also a next step towards the increase
of transactional flows into the marketplace of Bucharest, as a future hub for Southern and Eastern
Europe. The internationalization of the BVB is one of the pillars of the strategy for development",
stated Ludwik Sobolewski, BVB CEO.
Concorde Securities is a member of the Budapest, Frankfurt and Warsaw stock exchanges. The
respective investment firm was the first in top of the trading activities carried out with shares at
Budapest Stock Exchange in 2014.
„Concorde is the largest independent investment service provider in the region. Our clients are eager
to invest in the Romanian market, and our membership creates the opportunity to serve them at the
highest quality. The valuation of Romanian stocks are attractive compared to regional peers, while
many of them offer high dividend yield, which is a value in the current low yield environment.
Furthermore, Romania is among the fastest growing European economies. Its growth prospects
remain also exceptionally strong thanks to the low indebtedness of the country. We appointed the
Romanian subsidiary of the Vienna based Raiffeisen Bank International as our local remote clearing
and custodian bank, which helped us to become an active member of the Bucharest Stock Exchange
within a short period of time", stated György Jaksity, Concorde’s co-founder and Chairman of
Board.
“Raiffeisen Bank International (RBI) has recently introduced a unique sub-custody service solution
for its institutional clients operating in Central and Eastern Europe after it recently overhauled its
regional securities services business line across 15 countries where the bank is present through its
subsidiaries. As a result we have set up a securities services operations center in Vienna with direct
settlement links to the different national CSDs in the region. This solution represents a revolutionary
approach towards custody, clearing and settlement as well as to asset servicing in CEE. Now we are
proud to become one of the first foreign direct members of the Romanian CSD, become the
custodian bank of Concorde Securities in Bucharest and actively support the growth of the Romanian
capital market in order to obtain the Emerging Market category in the very near future.", said Attila
Szalay-Berzeviczy, Executive Director, Head of RBI’s Group Securities Services. Concorde Securities (Hungary) and Ipopema (Poland) are two regional brokers becoming the
members of the Bucharest Stock Exchange within the last 12 months.
[from left to right: Attila Szalay-Berzeviczy (RBI), György Jaksity (Concorde), Ludwik Sobolewski (BVB)]
[from left to right: Attila Szalay-Berzeviczy (RBI), György Jaksity (Concorde), Silvia Buicanescu (Depozitarul
Central), Ludwik Sobolewski (BVB)]
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Bucharest Stock Exchange runs markets for shares, bonds and other instruments, through regulated
platforms and alternative systems, and provides a wide range of services to participants of financial
markets. Bucharest Stock Exchange is a public company, listed on its own market since 2010. For
more information refer to www.bvb.ro.
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For further information regarding membership, please contact:
Lavinia David, Executive Director, +40.742.100.905, [email protected]
For further information for media, please contact:
Stefan Musgociu, PR Specialist, +40.730.255.030, [email protected]