Bancherul - BANCI / ENGLISH / Millennium Bank launches Prestige, new business line for affluent clients

Millennium Bank launches Prestige, a new business line for affluent clients, with dedicated financial products and services, as well as dedicated distribution network and relationship managers. Affluent clients can now benefit from an offer tailored according to their financial needs.

Prestige represents a comprehensive service model based on wealth management, individual client approach, financial planning and counselling. Millennium Bank’s Prestige product offer includes transactional, saving, lending and insurance products, as well as investment products tailored to match the specific needs of this client segment.

“The launch of Prestige business line is part of the bank’s strategy to constantly strengthen its position on the local market. We now enter the competition for a client segment with great potential, providing a flexible, customer-tailored service - one of the main market differentiators for Millennium Bank”, Nuno Alves, Executive Director with Millennium Bank, stated. “Millennium bcp group provides this kind of service in all its geographies and we thus benefit from an extensive know-how on this business segment”, Nuno Alves added.

By the launch of Prestige business line, Millennium Bank Romania also enters the market of global funds distribution. The partnership with ING Investment Management, a world leading asset management company, enables the bank to distribute 15 Luxembourg domiciled funds, which have been carefully selected so as to cover the major asset classes (equity, fixed income), different investment styles and regions (Europe, North America, Latin America and Asia). Prestige clients can also invest in local mutual funds managed by Pioneer Asset Management.

Additionally, Millennium Bank developed a complex health insurance program, in partnership with EUREKO Insurance Company, designed exclusively for Prestige clients. The program offers a wide range of top medical services via 250 partner clinics and private hospitals across the country.

Prestige offer is available in 12 Millennium Bank branches located in eight of the country’s largest cities: Bucharest, Brasov, Cluj, Constanta, Iasi, Oradea, Ploiesti and Timisoara.