Company profile

Business & locations

Erste Asset Management (Erste AM) coordinates and is responsible for all asset management activities across Erste Group and has been successfully operating in the market since 1965 (formerly under the name ERSTE-SPARINVEST).

As part of Erste Group, we are among the leading asset managers in the CEE region. We unite the flexibility of a boutique manager with the size of a multinational bank under one roof and are thus able to provide retail investors with a comprehensive range of mutual fund solutions. In addition to institutional share certificates, we also offer professional investors tailormade solutions in individually managed mandates.

With more than 386 employees – some 100 of whom are investment professionals – we manage assets of EUR EUR 74,70bn* at our offices in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary.

eam organigramm

Our range of products for institutional investors

Erste AM sees itself as full-range provider for institutional clients across the entire field of investment.

The focus in the German-speaking region is on our successful core competencies of fixed income management, emerging markets, and responsible investments (also referred to as sustainable investments). We also offer our clients individual multi asset management solutions.

The topic of sustainability comes with a long tradition at Erste AM: we launched our first ESG fund in 2001. Since then, we have built a dedicated research team and developed and successfully introduced a wide range of sustainable funds, for which we have received numerous awards. With assets under management of EUR 14.27bn, Erste Asset Management is today one of the most important providers of ethically sustainable investment funds in the German-speaking region.*

Assets under management

EUR 74,70bn

Institutional investors

EUR 44.35bn
(60.90 percentof total investors)

Retail investors

EUR 28.48bn
(39.11 percent of total investors)

Sustainable investments

EUR 14.27bn

*Source: Erste Asset Management, data as of October 2021; assets under management including Erste Immobilien KAG and excluding effects from consolidation.


Areas of responsibility

heinz bednar eam
  • Investment    
  • Finance
  • Communications, PR and Digital Marketing
  • Human Resources
  • Legal
peter karl eam
  • Operating Office
  • Investments Real Estate
winfried buchbauer eam
  • Risk Management
  • Information Technology
  • Back Office
  • Compliance*

*Compliance reports directly to the entire Management Board. It is separate from the other functions and activities of the management company, independent, and not bound by directives.

Thomas Kraus eam
  • Institutional Sales
  • Retail Sales
  • Product Management
  • Internal Audit (administrative)*

*Internal Audit reports directly to the entire Management Board. It is separate from the other functions and activities of the management company, independent, and not bound by directives.

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This document is an advertisement. All data is sourced from Erste Asset Management GmbH, unless indicated otherwise. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011.

The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the  web site within the section mandatory publications  or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site A summary of investor rights is available in German and English on the website as well as at the domicile of the management company.

The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.

The public sale of shares in the specified fund in Germany was registered with the Federal Financial Supervisory Authority, Bonn, pursuant to the German Kapitalanlagegesetzbuch (KAGB). The payment and information office in Germany is HSBC Trinkaus & Burkhardt AG, Königsallee 21–23, D-40212 Düsseldorf. Orders for the return of shares in the fund(s) can be submitted to the German payment and information office, and share redemption proceeds, any dividends or other payments can be paid out to Shareholders (in cash in the local currency) by the German payment office upon request. In addition, all information required by investors before and after the conclusion of an investment agreement – i.e. the fund terms and conditions, the fund prospectus, the Information for Investors pursuant to § 21 AIFMG, and the key investor document and the annual and semi-annual reports – is available free of charge at the German payment and information office. In Germany, the issue and return prices of shares are published in electronic form on the web site (and also at Any other information for Shareholders is published in the Bundesanzeiger, Cologne.