Stichting Pensioenfonds PostNL, Groningen, Netherlands, hired Kempen Capital Management as its fiduciary manager, confirmed Rene van de Kieft, chairman of the €8.5 billion ($9.6 billion) pension fund.
Starting in the second quarter next year, Kempen will provide advice on the entire asset portfolio. Whether Kempen is the pension fund's first fiduciary manager could not be learned.
"From day one, the Kempen team impressed with the quality of its analyses, its strong, relationship-driven communications and its hands-on solutions," Mr. van de Kieft said in a news release.
