VeloBank continues its strategy of sustainable growth and expansion in the investment services market, finalizing the acquisition of 86.83% of shares in Towarzystwo Funduszy Inwestycyjnych (TFI). The transaction, completed after receiving the required approval from the Polish Financial Supervision Authority (KNF), marks an important step in building a strong capital group and developing offerings for private banking clients.
This move is part of the bank’s broader strategy to expand its portfolio with modern investment products and respond more effectively to client needs.
“We are expanding our offering with many client groups in mind. Access to a wide range of financial instruments proves our understanding of their needs and represents a natural direction in developing a strong and stable capital group. The creation of VeloFunds TFI is the next step—after the acquisition of a leasing company and the signing of a preliminary agreement to purchase part of Citi Handlowy’s retail business—in building a strong bank with a comprehensive offer,” said Adam Marciniak, CEO of VeloBank.
The preliminary agreement was signed in October 2024. After fulfilling the suspensive conditions, including KNF approval, the transaction was completed. The acquired entity will undergo rebranding and operate within the Group’s structure as VeloFunds TFI. Changes will include fund names, website address, online services, logo, and the company’s visual identity.
The signing and completion of the transaction do not affect the current operations of TFI from either the clients’ or employees’ perspective. Staff will continue to develop within the new structure, creating innovative investment solutions.
A New Step in VeloBank’s Development Strategy
The acquisition of Noble Funds TFI is part of VeloBank’s wider efforts, including the preliminary agreement signed in May this year to acquire part of Citi Handlowy’s retail business. Both strategic moves aim to expand the bank’s service portfolio and attract new client groups, particularly affluent investors and entrepreneurs seeking comprehensive financial solutions. This also allows VeloBank to strengthen relationships with Citi Handlowy’s clients, who are accustomed to high-quality service and a broad product portfolio. Combined with VeloFunds TFI’s investment offering, this creates a unique value proposition on the Polish market.
“As announced, we are starting our expansion through TFI. This acquisition allows us to broaden our investment offer and introduce new solutions for clients seeking portfolio diversification and optimal returns on assets. The creation of VeloFunds TFI is also a significant step in enhancing our private banking services,” emphasized Adam Marciniak.
For clients, the move brings several benefits: for the bank, it means expanding the range of investment products; for TFI clients, it means access to advanced banking services.
New Leadership at TFI
The supervisory board of the acquired entity now includes: Adrian Adamowicz (Chairman), Tomasz Kubiak (Vice Chairman), Katarzyna Kołodziejczyk-Soszka (Member), Monika Rozbicka-Szlosek (Member), Andrzej Szeworski (Independent Member), and Marek Przybylski (Independent Member).
The board has appointed Piotr Żochowski as CEO. Sylwia Magott (Vice President) and Norbert Talarczyk (Vice President) will remain on the management board, and starting October 1, Marcin Żółtek will also join the board.
Source: CEO.com.pl
