SSI Asset Management wins the tittle "Best Investment Management Company Vietnam" on July 7.— VNS Photo

HA NOI (Biz Hub) — Leading finance magazine World Finance officially announced the winners of the Investment Management Awards 2014, where the only Vietnamese winner was Saigon Securities Inc Asset Management Company (SSIAM) on July 7.

According to SSIAM, it won the "Best Investment Management Company" award as a result of its contributions to and efforts in developing the local market.

A company spokesperson noted that even though local funds in the market had dipped by up to VND8.8 trillion (US$419 million) last year, SSIAM had successfully raised new capital and effectively managed existing investments. Total assets managed by SSIAM increased by 26 per cent, a value of VND3.365 trillion ($160.2 million). Meanwhile, in 2013, the company's revenue reached VND30 billion ($1.4 million), and its profits before tax amounted to VND15 billion ($700,000).

According to the spokesperson, this year shows a great deal of promise for SSIAM as it continues to gain recognition from trusted institutions, winning Best Asset Management Company by The Asset in May and three prestigious awards from Asia Asset Management magazine-Best Fund House, CEO of the Year, and CIO of the Year-in January.

A total of 77 companies from around the world also featured on the list of winners at the Investment Management Awards 2014. — VNS