EUROPE – ING Investment Management is performing asset liability modelling and asset allocations for European pension funds, says chief executive Angelien Kemna.

“Leveraging our ALM expertise from managing proprietary portfolio; we perform ALM and strategic asset allocation scans for pension funds,” Kemna’s presentation at an ING investor relations symposium in Amsterdam today said.

This is one of the division’s responses to increasing demand for new pensions solutions and the projected growth in Western European pension assets.

Others included a long duration fund, a manage–the-manager fiduciary offering and lifestyle products.

It reckons it can benefit from the expected growth of pension assets in Western Europe over the next 10 years, which is predicted to grow to €16trn in 2015 from €7.5trn in 2005.

“We want to set the standard in collecting, managing and protecting wealth,” said group executive board chairman Michel Tilmant.

Exploiting European pension reform is one of ING Investment Management’s key objectives in Europe, Kemna said.

“Take advantage of guided architecture and pension reform in Europe,” was one of Kemna’s key message, according to the bank’s website. Guided architecture refers to fund distribution.

Elsewhere, ABN Amro Asset Management has confirmed the appointment of Shamus Young as its new global head of consultant relationships and head of UK institutional sales. He joins from Gartmore and will report to Frank Goasguen, global head of institutional sales.

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