Palladium Insurance Broker plans 10 offices in Romania by year-end

Palladium Insurance Broker, a company of the Hungarian Brokernet Group has recently launched its operations on the Romanian market. Palladium, a Cluj - Napoca based firm, will start serving clients nationwide from mid- July. The firm plans to open 10 offices in Romania by the end of this year and aims to double the number of its offices, establish a client base of 5,000, and securing a market-leading position by 2012. “The Romanian financial culture is set for a strong growth, and Palladium bids to take a key role in this process for the coming years. People are increasingly concerned about the pension issue, but they need the assistance of qualified financial consultants to take real action. For our future financial consultants, being successful in financial advisory means turning into a respected and highly-skilled professional, with a unique career path,” said Heinz Christian Hayderer, Chief Sales Officer of Palladium. Brokernet Group has been present in the region for 11 years, with operations in Hungary and Slovakia. The group has over 4,000 professional financial consultants and has brokered EUR 785 million worth of insurance to over 200,000 clients. The group managed assets of EUR 500 million, being Central Europe’s largest subscriber of investment funds. Irina Popescu, irina.popescu@romania-insider.com