NETHERLANDS – Mn Services’ director of strategy and development Martin Sanders will leave at the start of next year to become chief investment officer of Unilever pension fund.
Over recent months, other executive departures from Mn have included managing director of asset management Hans Rademaker, legal head Willem-Jan Pelle and account management chief Jan Bertus Molenkamp.
Sanders, 40, has been at Mn Services for seven years and will leave on 1 January 2006.
In his current position, Sanders heads a team of two and is responsible for the strategy and development of Mn Services’ asset management department.
According to an Mn Services spokesperson, no replacement has been named.
“We are considering a different organisation of strategy and development within the asset management department,” she said. “We want the overall organisation to be client-oriented and each and every department needs a broader view.”
The spokesperson said: “Mn Services' success in the market is shown by third parties' interest in our staff. This is the side effect of success.”
Last month the Dutch fiduciary manager announced that Mn’s assets under management exceeded €30bn, largely due to six new clients and “excellent returns on investments”.