We are pleased to announce that the distribution of Goldman Sachs Funds SICAV started in Poland on June 9th. Thus, Pekao FS began servicing the funds managed by Goldman Sachs Asset Management (GSAM) as a sub-transfer agent. The service includes the transmission of orders to the transfer agent, reconciliation of payments, calculation of distributor fees, as well as performing AML tasks. Concurrently, we act as a Fund Representative.
GSAM is one of the largest investment companies in the world in terms of assets under management. Their range of 9 selected funds is offered to private banking clients of Bank Pekao SA with CDM Pekao SA as the sole distributor for 12 months. Bank Pekao SA acts as a Paying Agent in the Polish distribution model.