Management & Staff

Arman Vardanyan

Chief Executive Officer Born 08.12.1969

Arman Vardanyan has extensive experience in asset management in Armenia and western Europe. He is widely known for his deep insights and experience in the financial private industry and with Central Bank of Armenia (CBA). As a native Armenian with international professional experience, he enjoys over 25 years of working in the financial industry. Holds appropriate license issued by the CBA.


Isabella Adilkhanyan

Chief Financial and Operating Officer Born 09.05.1982

Isabella has more than 15 years of experience in the financial sector focusing on strategy formulation and implementation, corporate finance and risk management. Holds appropriate license issued by the CBA. 




Gagik Grigoryan

Head of Internal Audit department Born 25.05.1987

Gagik has worked as an internal and external auditor, consultant and an economist at the banking department of Armenian Software LLC and other companies for more than 9 years.

In 2010, Gagik joined the audit department of Grant Thornton and has continued his career path at Grant Thornton Consulting CJSC, initially as a senior consultant and later as a senior manager.

Gagik joined C-Quadrat Ampega Asset Management Armenia in January 2015.



Arman Kirakosyan

Fund manager Born 13.08.1985

Arman has more than 10 years of experience in the financial sector: He started his professional career in 2008 as a specialist in the Financial Markets Operation Department in the “Armenian Development Bank” OJSC and as a leading specialist at the same department till 2011.




Artur Harutyunyan

Chief Accountant Born 06.07.1973

Artur Harutyunyan has more than 20 years of experience in accounting, audit and consulting in private as well as in public sectors.  He has long teaching experience in accounting and audit in the leading institutions of the RA.


Last updated: 13-September-2019 16:26

Latest news

Call for Social Impact Startup Incubation Project


C-Quadrat Ampega Asset Management Armenia, in collaboration with Yerevan State University Business Incubator (YSU BI) and Enterprise Incubator Foundation (EIF), invites innovative minds and socially-conscious entrepreneurs to participate in the Social Impact Startup Incubation Project. This initiative aims to empower startups and early-stage ideas with a clear social impact mission, fostering a culture of innovation and social responsibility.

The Project will focus on areas aligned with the United Nations Sustainable Development Goals (SDGs):

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Calculation and publication of the net asset value (NAV) of the Funds


Please be informed that April1 is a non-working day for our fund administrator Raiffeisen Bank International AG, who calculates the net asset values (NAV) of the Fixed, Conservative and Balanced Pension Funds as well as CQ Armenia Growth Investment Fund managed by C-QUADRAT Ampega Asset Management Armenia LLC.

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Pension funds' performance commentary


Pension funds managed by C-Quadrat Ampega Asset Management Armenia concluded the fourth quarter of 2023 with positive results. Fixed Income (CQFIX) fund recorded 3.5%, Conservative (CQCON) fund recorded 4.7%, and Balanced (CQBAL) fund recorded 5.3% return during the quarter. In 2023 Fixed Income (CQFIX) fund recorded 12.6%, Conservative (CQCON) fund recorded 16.3%, and Balanced (CQBAL) fund recorded 16.5% annual return.

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C-Quadrat Ampega Asset Management Armenia reduces management fees for pension and investment funds


We are thrilled to share exciting news from C-Quadrat Ampega Asset Management Armenia. C-Quadrat Ampega is implementing a significant reduction in management fees, lowering the fees for each fund by 0.15%. Since 2024 the new fees for CQBAL, CQCON, and CQFIX will be 1.15%, 0.95%, and 0.85% respectively.

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37 Hanrapetutyan Street
Yerevan 0010, Republic of Armenia

t. 012-20-00-22

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