NETHERLANDS – Kempen Capital Management (KCM) institutional relations director Allaart Horst has left.

KCM - a wholly owned subsidiary of independent Dutch merchant bank Kempen & Co - provides asset management services for a range of institutional investors, foundations and high-net-worth private clients.

“He is no longer with us,” said an official. KCM director Erik Luttenberg did not respond to questions from IPE.

Earlier this year, Kempen hired ING Investment’s Jorik van den Bos, Joris Franssen and Joost de Graaf as senior portfolio managers responsible for large cap equity products and management.

Van den Bos was previously responsible for the management of the ‘Value Team’ with ING Investment Management. Franssen and De Graaf were key parts of his investment team.

In other news, MN Services fund manager Fook Ley Wong is leaving the Dutch fiduciary manager for the €70bn Dutch healthcare and social work pension fund PGGM at end of April.

He will work in investments in the external mandates department, a PGGM spokesperson told IPE. His precise position could not be confirmed.

Wong, 37, has been at MN Services for several years, and works in the back office of the asset management division.

Wong, who reports to team manager Marco Smelter, has been responsible, in part, for the selection of external fund managers.

He has not been in charge of any teams while at MN Services.

IPE understands that Wong will leave MN Services on April 30, and starts at PGGM on May 1.

An MN Services spokesperson told IPE his responsibilities will be handled by his team members until a replacement has been named.

“Mn Services is currently looking for his replacement. We hope to appoint a new colleague as soon as possible,” she added.