WVP Fund Management

WVP FUND MANAGEMENT AD Skopje is a Company for the Management of Open-End and Closed-End Investment Funds, founded on 13.08.2014. It commenced operations after receiving approval from the Securities and Exchange Commission (SEC) of the Republic of North Macedonia, pursuant to Decision No. UP 1 08-67 dated 19.09.2014. Registration in the Central Register of the Republic of North Macedonia was completed on 25.09.2014. The company is established for an indefinite period.

The company’s initial capital amounts to EUR 525,000.00, divided into 525,000 ordinary shares with a nominal value of €1 per share, converted into MKD equivalent according to the average exchange rate of the NBRM.

The shareholders of the company are: WVP Insurance Brokerage Company AD Skopje with a 65% share of the total equity, Petar Andreevski with 17%, Arton Lena with 8%, Rupert Strobl with 4%, Suzana Gjukić with 3%, and Blaže Petreski with 3%.

The company has a single-tier management system – a Board of Directors. According to the company’s statute, the term of office of the Board Members is 3 years from the date of appointment. The current composition of the Board of Directors consists of the following individuals:

• Petar Andreevski – Chief Executive Officer;
• Andrijana Popovska – Executive Director;
• Rupert Strobl – Chairman of the Board of Directors / Non-Executive Member of the Board of Directors
• Blaže Petreski – Non-Executive Member of the Board of Directors;
• Stefan Willi Sajbl – Independent and Non-Executive Member of the Board of Directors

The investment fund management activities performed by the management company include:

1) Management of the investment fund’s assets;

2) Advertising of investment funds and sale of units in open-end investment funds, i.e., equity in closed-end investment funds; and

3) Administrative tasks, including:

– Maintaining business books and accounts and preparing financial statements,

– Establishing and maintaining relations with investors,

– Determining the value of the investment fund’s assets and calculating the unit price,

– Ensuring the management company’s operations comply with laws and regulations,

– Publishing notices and informing shareholders and unit owners,

– Distribution of the investment fund’s profit,

– Issuance and redemption of units in open-end investment funds, and – Maintaining a register of unit owners, i.e., shareholders.

The company is authorized to manage assets on behalf of individual clients – portfolio owners, as well as provide investment consulting to clients, in accordance with Decision No. 01 UP 08-40 dated 28.04.2017, issued by the Securities and Exchange Commission of the Republic of North Macedonia.

The funds under management by WVP Fund Management AD Skopje are handled by experienced professionals in capital markets with established analytical processes, ensuring daily oversight and delivering high-quality investment solutions at all times. This allows clients a wide range of options to choose investments that best suit their needs, expectations, and investment profiles.

Risk management involves full and timely identification of risks to which the company’s operations are or could be exposed, as well as analysis of the causes of such risks.

The company holds shares in investment fund management companies in the Republic of Albania, the Republic of Serbia, the Republic of Bosnia and Herzegovina, the Republic of Montenegro, and the Republic of Bulgaria. The Company’s ownership stakes in the Republic of Albania amounts to 49.5% of the share capital, in the Republic of Serbia it holds 30% of the share capital, in the Republic of Bosnia and Herzegovina it holds 25% of the share capital, in Montenegro it holds 25% of the share capital, and in Bulgaria it holds 37% of the share capital.

Since its establishment, the company has gained the trust of a total of 10 financial institutions, created joint products with 3 highly successful insurance companie — of which 2 are Austrian and 1 is a regional insurance company — and become the undisputed leader in assets under management from Unit-linked products in the Republic of North Macedonia. Within just a few years, the company has positioned itself among the top 3 companies by assets under management in North Macedonia, managing over EUR 210 million as of 30.09.2025.

The company believes in and continuously works hard to maintain this trend and meet client expectations.

Data Protection Officer:

Marko Trajanovski

marko.trajanovski@wvpfondovi.mk

+389 (2) 32 800 82