Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Dutch pension Scheme Bpf taps State Street for investment solutions

Wednesday, September 23, 2015
Opalesque Industry Update - State Street Corporation announced today that it has been appointed by Stichting Bedrijfspensioenfonds voor het Bakkersbedrijf (Bpf Bakkers), the €3.4 billion Dutch pension scheme for the bakery sector, to provide a range of investment servicing solutions.

State Street will provide custody, accounting and administration, securities lending support, performance and daily investment compliance services. State Street will also provide FTK reporting, a Dutch specific financial assessment framework.

Jacques van de Vall, chairman of the Board of Bpf Bakkers commented, “In an environment where pension schemes are facing increased regulatory oversight, it is critical to have the correct services in place to manage these functions. Partnering with State Street gives us support to be able to concentrate on the primary function of managing and securing the retirement futures of those in the scheme.”

Commenting on the appointment, Oliver Berger, head of asset owner solutions & strategic market initiatives for State Street in EMEA said, “In response to increased regulatory requirements, asset owners require enhanced data management services. A recent survey carried out by State Street* found that 55 percent of asset owners consider data management to be a high priority over the next three years. We look forward to providing Bpf Bakkers with greater levels of transparency, data analytics and tailored solutions to meet their specific needs.”

For this mandate, Bpf Bakkers employed Mercer Investments to assist them with their selection.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1