Grafische staff transfer to KAS

Grafische Bedrijfsfondsen (GBF), the umbrella pension arrangement for the Dutch graphics industry's €10bn pension funds, is to outsource its back office investment activities to KAS Bank

The bank has taken on GBF's investment administration, with three GBF staff transferring to it. Simultaneously, KAS Bank will provide an infrastructure to GBF
so that the organisation can maintain its focus on investment, risk and cash management, a GBF spokesman said.

"The investments we do are increasingly complex and put higher demands on our investment administration," added the spokesman. "We had to invest so much in this process, that we finally agreed that KAS Bank would be more adept at this, at a more competitive price."

Paul van Leeuwen, managing director of GBF, said: "The administration of our investment activities increasingly requires state-of-of-the-art securities systems."

As a consequence, GBF has decided to focus on its core, asset management activities and advice to clients, and outsource the investment administration to KAS.

The organisation, with around €10bn in assets under management, has been working with KAS Bank for a number of years, as the bank is GBF's custodian.


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-2466

    Asset class: Multi-asset funds.
    Asset region: Global.
    Size: EUR 30m.
    Closing date: 2018-08-16.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here