Utrecht-based Stichting Bedrijfstakpensioenfonds voor de Detailhandel has awarded a custody mandate to KAS BANK. The mandate is for the total assets held by the €10 billion pension scheme. Apart from providing custody and administrative services, the bank will also undertake a risk monitoring role and deliver management information to the board and investment committee. The pension fund began the search at the end of 2010 and KAS has been live with the pension fund since the beginning of March, adds Global Pensions.
Click here for the release from KAS BANK.
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