BRD Asset Management, the largest mutual fund manager in Romania, has agreed to acquire SAI Patria Asset Management, the manager of the country’s largest ETF, from Patria Bank, according to Economedia.
Patria Bank announced that it signed the agreement on March 9, 2026, to sell its 99.9944% stake in Patria Asset Management. The transaction value was not disclosed.
Read also: BRD reports RON 1.54bn net profit in 2025, strengthening its market position
Over 1 billion lei in assets under management
As of February 28, 2026, the company managed total assets of 1.16 billion lei, representing a 23-fold increase over the past five years.
The growth was largely driven by two Exchange Traded Funds (ETFs) listed on the Bucharest Stock Exchange.
The largest of these is ETF BET Patria – Tradeville, which tracks the performance of the BET index, the main index of the Bucharest Stock Exchange.
The fund recorded net assets of 1.06 billion lei and 41,232 investors as of February 28, 2026, up 40.4% year-on-year. Between 2023 and 2025, it was the best-performing open-ended investment fund in Romania, delivering a +133.2% return, according to the Romanian Association of Asset Managers.
The second fund managed by the company is ETF Energie Patria – Tradeville, a sector-focused ETF tracking the BET-NG energy index. It held assets of 72.59 million lei and 8,201 investors as of February 2026. In 2025, it was the best-performing open-ended investment fund in Romania, with a +55.1% return, according to AAF.
Market consolidation in the investment funds sector
Meanwhile, BRD Asset Management reported 9.9 billion lei in assets under management at the end of February 2026, reinforcing its position as the largest manager of open-ended investment funds in Romania.
According to Horia Manda, the transaction represents a milestone in the rapid growth of Patria’s ETFs and could generate an estimated gross gain of 26 million lei for Patria Bank in 2026.
Răzvan Pașol added that the ETFs managed by the company offer investors a simple and modern way to participate in the performance of listed companies.
Regulatory approval required
The transaction will be completed after obtaining the necessary regulatory approvals, including authorization from the Financial Supervisory Authority.
Photo: Romania Insider
