NETHERLANDS - F&C has today unveiled details of its anticipated move into fiduciary management for the Dutch pension market.
The asset manager's product offering will include strategic advice, portfolio creation, risk and performance guarding, operational creation and orchestration of the overall fiduciary management arrangement.
"We aim to be a single contact for pension funds who can package, manage and monitor their investment strategies and not just a multi-management provider," said Paul Niven, head of asset allocation at F&C.
F&C ha also teamed up with institutional multi-manager Investment Manager Selection (IMS) to provide research in the selection of external managers.
Its move, of which IPE learned in May this year, follows consecutive periods of substantial losses for F&C in the Netherlands.
In its half-year results the asset manager posted £3.3bn (€4.9bn) in outflows of institutional money mainly because of Dutch pension funds shifting from specialist to fiduciary managers.
"Increasing regulatory complexity and accountability of trustees has led to a demand for a single, integrated, solution from a fiduciary manager," F&C said in a statement.
Rob Kamphuis was named director of fiduciary management at F&C Netherlands. He joined the Dutch offices of the asset manager from ABN Amro Netherlands in 2004. Kamphuis' last position at F&C Netherlands was as director of business development.