mast image

Special Report

ESG: The metrics jigsaw


Mn Services wins £450m fiduciary management mandate in UK

Related images

  • Mn Services wins £450m fiduciary management mandate in UK

UK - The €69bn asset manager Mn Services has been awarded a fiduciary management mandate in the UK, worth £450m (€523m).

The award comes from the trustees of Delphi Pension Schemes, the UK retirement vehicle for the car parts manufacturer, and will see Mn monitor the schemes' funding ratio, as well as oversee strategic asset allocation and risk management.

Ruud Hagendijk, chief executive of Mn Services said he was extremely proud of the award and commented: "Together with the other fiduciary management appointments in the UK in 2010, it is clear that fiduciary management model is as relevant to trustees here in the UK as it is in the Netherlands.

"Having gained six UK clients with £1.2bn in assets puts us far ahead of our original plans, and confirms to us [that] Mn Services' proposition has clear added value for UK trustees," he added.

In addition to the above-mentioned duties, Mn will also handle manager selection, cash management, currency overlay management, custody management and all socially responsible investment aspects for Delphi.

Previous UK appointments for the asset manager, which recently filed a lawsuit against Royal Bank of Scotland over the banks' exposure to the US sub-prime market, include the pension fund for Macmillan Cancer Support.

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-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

  • QN-2582

    Asset class: Emerging Market Corporate Debt Hard Currency Investment Grade.
    Asset region: Emerging Markets.
    Size: USD 40 – 60 m.
    Closing date: 2020-01-07.

  • IN-2584

    Closing date: 2019-12-23.

Begin Your Search Here