UK / NETHERLANDS - Mn Services, the Dutch pension provider and fiduciary manager, has launched its new London-based office, headed by former ABN Amro Asset Management director Remco van Eeuwijk.

The UK office has arrived ahead of schedule as launch of the new fiduciary firm for UK pension funds was planned for the end of this year.

A spokesman for Mn Services in Rijswijk told IPE that the new London-based team is almost complete, though one other person is currently being recruited.

Van Eeuwijk previously ran his own company Risk Return Consultants and prior to that was executive director and global head of investment, risk and performances at at ABN Amro Asset Management in London, but will be now responsible for acquiring fiduciary management mandates from UK pension funds.

The company, which is owned by the two Dutch metal industry pension funds BPMT and PME, told IPE in May this year the new office will keep the company's focus on multi-manager investing, liability and risk management, as well as on regulatory, reporting and administration services. (See earlier IPE story: 'Mn Services plans UK debut')

According to the spokesman, the new office will explore the intricacies of the UK market

"This way we can adapt our offering to the UK market. We do not believe in a one-on-one 'copy-paste' of our fiduciary service that has been so successful in the Netherlands," he said.

Mn Services - which at the end of August managed assets totalling €65bn - is still in talks with Syntrus, the Dutch fiduciary manager owned by Achmea but a merger deal between the two is expected in the coming weeks.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com

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