Botond Bilibók, chief executive of Concorde Asset Management, is more than ready to admit where his business is lacking: “Our portfolio management is professional and successful, comparable to companies that operate in Geneva, London and Frankfurt. However, we lack expertise when it comes to sales. We are looking for partners to help us in this respect.”
In 2011, Concorde’s income grew 10% more than in 2010 even though the business lost assets under management of Ft47 billion ($210 million) after the government nationalized pension funds.
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