Bank Pekao S.A. has opened its first representative office abroad in London coinciding with the FTSE Russell upgrade of Poland from emerging to developed market status.
As Poland becomes an increasingly attractive market for London based private equity investors and as Polish corporates move towards international ambitions, the bank intends to be the partner of choice for both. In line with its new strategy, Pekao’s management team continues to invest in its corporate and investment banking franchise, building on its strong industry expertise, product breadth and balance sheet capabilities.
Following its clients, Pekao demonstrates commitment to London as the global centre of finance. London’s investment banks, private equity investors, asset managers, multinational corporates and community of high net worth individuals show a growing interest in Poland’s dynamically expanding market.
Michał Krupiński, CEO of Bank Pekao S.A., commented: It is imperative for a bank with a strong international DNA like ours to remain close to our clients and investors. Regardless of the outcome of the ongoing Brexit negotiations, Britain will remain an important partner for Poland and Polish companies. The economic exchange between the two countries is supported by the international ambitions of Polish corporates, the entrepreneurial spirit of Poles living in the UK, and British investors’ growing interest in Poland. Our new representative office in London will help foster cooperation between the two markets.
Roksana Ciurysek-Gedir, Bank Pekao’s Management Board Member, responsible for International and the London Office commented: With this new presence, Pekao will be able to both strengthen these relationships and showcase the success of the Polish economy to the UK market. We want to be a facilitator of global connections on behalf of our clients and investors.
The opening of Pekao’s London office coincides with the official announcement of the Polish stock market’s upgrade to developed status by FTSE Russell and Stoxx. It is the first ever promotion of a CEE country from emerging to developed market status.
Michał Krupiński, CEO of Bank Pekao S.A., commented: Poland stands out from the crowd of emerging economies. The country boasts a balanced macroeconomic situation and a stable economic growth driven by private consumption and an inflow of EU funds. Unemployment is at a record low, inflation is at just around 2%, and central bank interest rates remain stable. From this new London base, Pekao can support private investments in Poland more effectively with benefit to all parties.