NN Investment Partners secures new fiduciary mandate from Pensionfonds SNS REAAL

NN Investment Partners (NN IP) has been appointed as the new fiduciary asset manager to Stichting Pensioenfonds SNS REAAL. 

NN IP will manage the LDI-portfolio and other fixed income (FI) portfolios while Altis will take on the selection and monitoring of external managers.

The mandate transfers from ACTIAM and Cardano. Decisive in the switch to NN IP was the fund’s choice to incorporate the Fiduciary Services model. At the end of July 2020, the investment portfolio totals EUR4.3 billion.

Maureen Schlejen, Head of Institutional Clients and Global Client Servicing at NN IP, says: “We are very pleased to welcome Pensioenfonds SNS REAAL to NN IP and are looking forward to the collaboration. Early on in the process, we already experienced the similarities between our vision, approach and work culture. Our core competences and services seem to fit our new client’s needs well. Our fiduciary proposition has proven to be a suitable solution once again.”

Benno Honsdrecht, chairman of the Investment Committee at Pensioenfonds SNS REAAL, says: “The pension fund has dedicated a considerable amount of time and energy to find the right fiduciary provider offering the desired integral balance sheet risk management and asset management in a fiduciary context. NN IP is client-centric, the team has a positive mindset and understands our needs well.”

The fiduciary growth strategy of NN IP gains new momentum with this additional mandate. At the end of 2019 NN IP welcomed Pensioenfonds Robeco and Notariaat. More recently, in April 2020, Scildon was added to the fiduciary portfolio. These developments emphasise how NN IP aims to strengthen its position as a leading Dutch fiduciary advisor and asset manager.