The advantage of banks that have launched mandatory private pensions (the 2nd pillar) is their customer base, which they can have rapid access to, stated Christodoulos Ellinopoulos, general manager of Marfin Fond de Pensii (Marfin Pension Fund). The Greek group Marfin-Egnatia, which also operates a bank and a leasing company on the domestic market, under the Egnatia brand, set up the company. Both companies will in turn adopt the Marfin name by the end of the year. Marfin is one of the newcomers on the market of mandatory private pensions, which now includes 17 fund managers. The company has received all the necessary permits, apart from the permit for its sales team, which is pending. "The pension company will become fully operational at the beginning of October. We will not have a huge sales force, but will rely on our bank network, to which we will add partnerships and pension brokers," added Ellinopoulos.
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