Equilor Wins Approval to Start Hungary Fund Management Unit

Equilor Befektetesi Zrt., a Hungarian brokerage, has won regulatory approval to start a fund management unit, the company said in an e-mailed statement today.

The fund management arm will start operating today and will be run by Zsolt Pillar, who previously worked at Assicurazioni Generali S.p.A. (G)’s Hungarian fund management unit, Equilor said.

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net