NETHERLANDS – MN Services’ managing director of asset management, Hans Rademaker, is leaving to become managing director of fiduciary management at Kempen & Co.

Rademaker’s move is the latest in a series of executive departures at MN, the third largest Dutch pensions asset management company, following a management shake-up last year.

“He is a much appreciated person within our organization and his departure is regretted,” said an MN Services press statement released today.

“At the same time, we find it logical that his service record invites third parties to offer him opportunities. After careful considerations, Rademaker decided to grab one of these opportunities.”

Rademaker, 43, has been at MN Services for 14 years, and was head of asset management for five years.

There is still no specified date when Rademaker will leave MN, said a spokesperson. “We are still discussing this with him. It will be clearer next week,” she told IPE.

According to the release, he has contributed greatly to the asset management, acquisition, fiduciary management and product development teams.

The group praised him for his development of MN Services “to become a distinguished player in the market of asset management.”

MN is currently looking for a successor to Rademaker. “We are looking for a person equally professional and successful in leading the team of 110 professionals of the asset management business unit,” said the release.

Managers who have left the firm recently include legal head Willem-Jan Pelle and account management chief Jan Bertus Molenkamp.