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KAS Bank to deliver LGPS investment performance monitoring

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KAS Bank, a European securities services and administration provider, has been appointed as a preferred supplier tasked with providing investment performance reporting and monitoring services under a framework agreement for the Local Government Pension Scheme (LGPS).

This follows KAS Bank’s recent announcement of three new mandates secured from UK pension schemes.
 
KAS Bank was appointed as a preferred provider following a competitive tender process run by Norfolk County Council whose framework will be used to provide performance monitoring and reporting services to all 89 LGPS funds.
 
Pat Sharman (pictured), managing director for the UK branch of KAS Bank, says: "We are very proud to have been chosen to be a trusted service provider for the LGPS.
 
"KAS Bank sees itself as the governance partner for institutional investors and, more specifically, the independent governance partner of choice for UK pension schemes. Our growing list of long-term and trusted client relationships evidences this strategic partnership approach. The services which we will provide under this agreement align with our strategy of adding value to our clients through independent governance reporting.
 
“By providing independent performance measurement, we provide our clients with information that helps them with the governance of their scheme, engage in conversations with their service providers based on unbiased information and, where needed, execute decisions in the interest of all the members of the scheme.
 
"We look forward to working with the LGPS funds and demonstrating our commitment to consistently delivering a high quality client-focused service."

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