Pension Agency of Georgia joins World Bank RAMP to advance investment management practices

WASHINGTON  – The World Bank announced the Pension Agency of Georgia joined the World Bank’s Reserve Advisory & Management Partnership. The Pension Agency is the newest pension fund member in RAMP’s global network of public asset managers, totaling over 70 members. The Pension Agency will gain access to onsite expertise to enhance governance, portfolio management, strategic asset allocation, risk management, and operations and information technology.

“We extend a warm welcome to the Pension Agency of Georgia to RAMP. We are honored to have their trust and participation in our global partnership of public asset managers,” said Jorge Familiar, World Bank Vice President & Treasurer and Pension Fund Administrator. “As the newest public pension fund member, we look forward to sharing with the Pension Agency our decades of experience in asset management.”

“We are delighted to join RAMP and become the newest member of the global network of 70-plus public asset managers. At the Pension Agency, we strive to achieve operational excellence in all areas of investment management, to implement the legal investment mandate in the best interests of the participants of the pension scheme,” said Giorgi Chichinadze, Acting Director of the Pension Agency. “Our RAMP membership is a unique opportunity to leverage the World Bank’s asset management expertise in order to achieve our strategic objectives, and we look forward to this partnership.”