BRD Groupe Societe Generale, through BRD Asset Management, has signed a contract with Patria Bank to acquire 99.9944% of Patria Asset Management, a company active on the Romanian open-end investment funds market.
According to a statement released on Monday by the BRD group, the transaction is subject to approval by the competent regulatory authorities.
The Romanian UCITS market (undertakings for collective investment in transferable securities) ended 2025 with total net assets of approximately 39.2 billion lei, of which local funds accounted for 36.6 billion lei. The market currently serves more than 1.1 million investors.
Patria Asset Management manages five open-end investment funds: two funds (ETFs) listed on the Bucharest Stock Exchange - ETF BET Patria-Tradeville (TVBETETF), which replicates the BET index, and ETF Energie Patria-Tradeville (PTENGETF), which replicates the BET NG index - as well as three unlisted open-end funds (Patria Obligatiuni, Patria Global and Patria Stock).
ETF BET Patria-Tradeville is the largest ETF on the Romanian market both in terms of assets under management and retail investor base, the BRD statement notes. At the end of February 2026, the fund managed assets of over 1 billion lei, representing more than 85% of the local ETF market, and had more than 41,000 retail investors.
'This acquisition represents an important milestone in the development of the BRD Group. By integrating a key player in the ETF segment, we strengthen BRD Asset Management's position as market leader and expand our capacity to offer long-term investment solutions in a sustainable way,' said Maria Rousseva, CEO of BRD Groupe Societe Generale.
In turn, Mihai Purcarea, CEO of BRD Asset Management, said the transaction supports the group's objective of delivering diversified and competitive investment solutions.
'The integration of Patria Asset Management expands our expertise, strengthens our product offering - particularly in the ETF segment - and enhances our ability to serve both retail and institutional investors. It supports our goal of delivering diversified and competitive investment solutions, fully aligned with the standards and ambitions of the BRD Group,' Purcarea said.
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