Business & locations
Erste Asset Management (Erste AM) coordinates and is responsible for all asset management activities across Erste Group and has been successfully operating in the market since 1965 (formerly under the name ERSTE-SPARINVEST).
As part of Erste Group, we are among the leading asset managers in the CEE region. We unite the flexibility of a boutique manager with the size of a multinational bank under one roof and are thus able to provide retail investors with a comprehensive range of mutual fund solutions. In addition to institutional share certificates, we also offer professional investors tailormade solutions in individually managed mandates.
With more than 386 employees – some 100 of whom are investment professionals – we manage assets of EUR EUR 82.21bn* at our offices in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary.
Our range of products for institutional investors
Erste AM sees itself as full-range provider for institutional clients across the entire field of investment.
The focus in the German-speaking region is on our successful core competencies of fixed income management, emerging markets, and responsible investments (also referred to as sustainable investments). We also offer our clients individual multi asset management solutions.
The topic of sustainability comes with a long tradition at Erste AM: we launched our first ESG fund in 2001. Since then, we have built a dedicated research team and developed and successfully introduced a wide range of sustainable funds, for which we have received numerous awards. With assets under management of EUR 22.61bn, Erste Asset Management is today one of the most important providers of ethically sustainable investment funds in the German-speaking region.*
Assets under management
Institutional investors
EUR 39.92bn
(58.54 percent of total investors)
Retail investors
(41.46 percent of total investors)
Sustainable investments
*Source: Erste Asset Management, data as of (June 2024); assets under management including Erste Immobilien KAG and excluding effects from consolidation.
Our history
No economic future without innovation – recognising and benefiting from trends early has always been a trademark of Erste Asset Management. In 1990, we were among the first asset managers to launch an equity fund for Central and Eastern Europe (CEE). Since then, our range has grown enormously, and our years of experience in asset management continue to drive the pioneering spirit of Erste Asset Management.
Our Management
Heinz Bednar
CEO
Responsibilities:
- Investment Division
- Finance
- Legal Services
- Human Resources
- Communications & Digital Marketing
- Network & Projekt Services
Winfried Buchbauer
Member of the Executive Board
Responsibilities:
- Risk Management
- Operations
- Org IT
- Compliance*
*The Compliance department is directly responsible to the whole Management Board. Compliance is independent from all other departments of the Asset Management company and does not underlie to any instructions.
Peter Karl
Member of the Executive Board
Responsibilities:
- Investments Real Estate
Thomas Kraus
Member of the Executive Board
Responsibilities:
- Institutional Sales
- Retail Sales
- Product Management
- Internal Audit (administrative)**
**The Internal Audit department is directly responsible to the whole Management Board. Internal Audit is independent from all other departments of the Asset Management company and does not underlie to any instructions.
More topics
Our investment process
Institutional clients
Our funds
Strong through cooperation
Disclaimer
This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.
The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to Art 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to Art 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the website www.erste-am.com within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the website www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.
The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.
Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to Art 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.
Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.