NETHERLANDS – Dutch pension schemes administrator and manager TKP Pensioen has appointed J P Morgan Investor Services as global custodian for 2.1 billion euros.

TKP Pensioen acts as a manager of pension schemes for pension funds, and offers services such as pension administration, asset management and the consultancy to the board of trustees. It is currently employed by seven pension funds, and is responsible for around six billion euros in pension fund assets.

J P Morgan Investors Services will provide TKP with custody, accounting, compliance monitoring and securities lending.

TKP Pensioen’s director of investments, Jan Willem Baan, said: “J P_Morgan has a real customer focus, a comprehensive product offering and, very importantly, superior technology.”

J P Morgan Investors Services was appointed following a lengthy selection process.

Added Baan: “This appointment is in line with our vigorous growth strategy with Aegon Nederland NV. In November last year, Aegon acquired TKP in a bid to break into the Dutch larger pensions market.

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