NETHERLANDS - Bpf PSL,the €250m Dutch industry-wide pension fund for the shoe and leather industry, has appointed Blue Sky Group as its fiduciary manager.

Blue Sky Group, which manages €11bn for the six KLM Royal Dutch Airlines' pension funds, said the fund had chosen Blue Sky after "extensive selection research" by consultancy firm Watson Wyatt.

In January, IPE reported corporate pension fund OPG also has chosen Blue Sky Group as its provider of administration and board support.

OPG Group is an international retailer and distributor of pharmaceuticals and medical supplies, and its €219m scheme provides the pensions for 4,100 (deferred) workers and pensioners.

Blue Sky Group also works for the pension schemes of BP Netherlands, Corprate Express and Lucent Technologies. The company has €13bn of fiduciary assets under management.

If you have any comments you would like to add to this or any otherstory, contact Carolyn Bandel on +44 (0)20 7261 4622 or email