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Mihai BOBOCEA, appointed Secretary General of APAPR, Romania's Pension Funds' Association

APAPR, Romania's Private Pension Funds' Association, has appointed Mihai BOBOCEA as its first Secretary General, starting the 1st of January. His new responsabilities include internal ansd external communication, data gathering and dissemination, studies and research, public affairs and PR and others, the Association noted in a press release.

Appointing a Secretary General will strengthen the Association's administrative and research capability, Mr. Crinu ANDANUT, Chairman of APAPR, stated, and will also increase the influence and executive powers of the Association.

"We aim for a strong Association, through which we will be able to defend out interests and also the participants' best interests. The role of APAPR will grow increasingly stronger, as we desire stimulate financial education and the population's awareness to save for their retirement", Mr. ANDANUT said.

Mihai BOBOCEA, aged 25, has a degree in International Economics and one in Politica Science. He also got a Master's degree in Banking and Insurance and is fluent in English, with French as a second foreign language. He has a professional experience of almost 5 years, out of which the last 3 years were spent covering the private pensions market for the country's top publications. Before joining APAPR this month, he wrote for ZF (The Financial Daily, Romania's leading business daily newspaper) and Media XPRIMM (the country's top niche media group in pensions and insurance).

APAPR is the Romanian Association grouping both pension fund administrators (managing companies) and depositary banks. APAPR consists of 20 members, covering 97% of the private pensions market. At the end of 2008, APAPR was greeted as member of both EFRP European Federation for Retirement Provision) and FIAP (International Federation of Pension Funds Administrators).

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