Kempen Capital Management (KCM), a subsidiary of Van Lanschot, has acquired the UK fiduciary management activities of Dutch pensions & investment manager MN.
The MN UK business services pension fund clients with assets totalling EUR10.9bn, of which EUR3.5bn represents full-service fiduciary management mandates.
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KCM, an Amsterdam-based investment firm, in a statement said that it will integrate MN UK into its existing business.
Also, the current MN UK team will transfer in full to KCM to provide the day-to-day services for UK clients, and will continue to be based in London.
Kempen Capital Management CEO Paul Gerla said: "We are very excited to announce this acquisition, which is an important landmark in expanding KCM, and especially its fiduciary management services at an international level. KCM has proven to be an entrepreneurial and innovative player in the highly competitive Dutch fiduciary management market.
"We are committed to doing the same in the UK, where demand for fiduciary management is increasing. MN has successfully built a fiduciary business in the UK and we look forward to developing that further."
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By GlobalDataKCM specializes in providing investment and fiduciary services to pension funds and insurance companies and the UK is its second home market.
Currently KCM focuses on pension funds ranging in size from EUR100m to EUR20bn, with fiduciary management assets of EUR23bn and total client assets of EUR35.3bn.
