mast image

Impact Investing

IPE special report May 2018


BASF’s Belgian pension director steps down

Related Categories

BELGIUM – Sven Van Wichelen, director of the Belgian pension fund for German chemical giant BASF, is stepping down as of 1 December, the fund has confirmed.

The Antwerp-based fund did not disclose reason for Van Wichelen’s departure. His replacement will be Peter De Meyer.

The defined benefit scheme insures 3,500 BASF employees in Belgium. Its total assets were put at around €325m.

According to IPE’s last records, the fund’s strategic asset allocation entails 50% invested in European fixed income, 30% in international equities and 20% in European equities.

Last month, BASF announced that it would remove €3.7bn in pension liabilities from its balance sheet and fund them via a contractural trust arrangement (CTA) by the end of this year.

Neither BASF’s Belgian fund nor BASF Pensionskasse, its German pension fund, are affected by the revamp.

According to BASF’s 2004 annual report, the asset allocation for the firm’s pension assets – including those from BASF Pensionskasse – was 45% equity, 44% bonds and 9% real estate.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here