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We create enduring investments

We create enduring investments for those who see beyond the next quarter.
For those who prefer data over impressions and specialists over speculators.
For those who have achieved a lot, but know that the best is yet to come.
Welcome to NWD.

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20 years


Investment funds are our forte. Since 2004, we have been selecting the best funds from around the world.



We have access to any investment fund on the planet, we monitor 70,000 of them, from which we select the best ones.



We are among the few in the Czech market authorized to establish, administer, and manage funds for qualified investors and to provide investment advisory services.

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We have developed 5 strategies that we realize through funds for qualified investors. We cover all the basic asset classes across 4 continents.

Our services

Fund setup and management

We handle everything related to the setup, licensing, and management of an investment fund for you.

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Investment funds are the cornerstone of a diversified portfolio. We can find the right fund for every strategy, investment style, and asset class.

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Company management

Štěpán Tvrdý_ořez_v3

Ing. Štěpán Tvrdý, MBA


Investment strategy
Portfolio management

Štěpán is responsible for the management and development of the NWD, participates in the development of investment strategy, investment decision-making, the establishment of new QIFs and takes care of the most important clients. He started his career in 1994 at Agricultural Bank of Prague as a securities trading specialist. In the following years he worked for Česká spořitelna (Erste Group) and Czech Consolidation Bank in the interbank markets forbonds, currency instruments and foreign exchange. In 2000, he was at the birth of the CitiGold Wealth Management project in the Czech branch of Citibank in the private banking division, and later he was also responsible for the investment products segment. Štěpán holds a brokerage license from Czech National Bank, including for derivatives, is a member of the Board of Directors of the Capital Market Association and a judge of the Financial Academy of the Golden Crown. He graduated from the Faculty of Economic Studies of the University of Economics and Finance and from the MBA program specializing in financial management.

Tomáš Říha

Ing. Tomáš Říha

Supervisory Board member


Tomáš has been working in NWD for 14 years. He manages the administration department and is responsible for securities registration, maintaining the list of securities owners, issuing and redeeming securities, calculating NAV, portfolio administration, client management, implementation of investment strategy and communication with external entities (brokerages, AIFMs, depositaries, auditors). He joined NWD from Komerční banka (SocGen group), where he was an investment specialist looking after major clients and educating bank advisors on fund investment. He has been in financial services since 2004.

Jana Kyselová_ořez

Mgr. Jana Kysel’ová, LL.M.

Board of Directors member

Legal and compliance

Jana graduated from the Faculty of Law at the Charles University. After graduation she studied for a year at Manhattanville College in New York state. She then worked as a law clerk at the law firm Kříž Bělina and then at the law firm KŠD Šťovíček as an attorney at law. In her law practice, she focused on commercial and transactional law, participated in legal audits of major Czech and Slovak companies, and conducted tender procedures in the field of public procurement for state institutions. Subsequently, she provided legal services as an independent attorney within the healthcare group B. Braun in the Czech and Slovak Republics and acted as a bankruptcy trustee in Slovakia. Since 2013 she has been providing legal services to the NWD group. She is involved in drafting of legal regulations, AML issues, establishment of funds, preparation of contractual relations, etc.

Otto Huřťák_ořez_v2

Ing. Otto Huřťák, CSc.

Risk management

Financial modeling

Ota graduated in mathematical engineering at the Faculty of Mathematical Engineering of the Czech Technical University. He completed his postgraduate studies at the Institute of Physics of the Czechoslovak Academy of Sciences, where he was involved in the thermonuclear fusion programme within the theoretical department. In the 1990s, he moved to the financial sector and gradually added extensive knowledge in economics, investments and financial theory. In 1994, he attended a series of training courses and seminars on options and other derivatives in Chicago. During his long career, he has held positions as a broker on the Prague Stock Exchange, financial market analyst and risk manager, among others. His longest tenure was at the Commerzbank Group, where he developed the methodology for measuring and reporting market risk, and later at Česká spořitelna (Erste Group), where he dealt with credit risk. He holds a brokerage license including derivatives trading. At NWD, he heads the risk management department, where he plays a key role in modelling and analysing the market risk of funds managed by the investment company. He also uses his experience in analytical support to the investment process, regularly attending Investment Committee meetings.