Following the lead of KAS BANK Netherlands and KAS BANK Germany, KAS BANK UK Branch is now also shifting its activities towards institutional investors, such as pension funds.
The company says the demand for stricter risk management and independent reports is growing, matched by a need for greater transparency on issues such as costs. KAS BANK expects to expand its role in the UK pension market by offering additional services to pension funds, such as the provision of information to support transparency initiatives, as well fiduciary services such as collateral management, derivatives services and order execution. KAS BANK continues to offer clearing and settlement services towards its existing clients.
In the Netherlands KAS BANK services more than 150 pension funds. The UK has been closely following developments in the Dutch pensions industry, especially in the field of (collective) defined contribution schemes. In the latest Queen’s speech, Her Majesty referred to the Dutch DC schemes as a role model for the UK pensions industry.
As a result of this refocus towards institutional investors, KAS BANK has appointed Dr Christopher (Chris) Sier as managing director of KAS BANK in the UK. Formerly, Sier was responsible for a range of knowledge transfer, research and thought leadership activities across the institutional investments sector, with particular emphasis on pension funds. Prior to this, Sier worked for a number of international management consulting companies specialising in advising both buy- and sell-side clients on strategic, operational and technology issues.
Sikko van Katwijk, a member of the managing board at KAS BANK, says: “Chris Sier brings a wealth of pension sector knowledge to KAS BANK. With Chris we intend to further deliver on our mission to assist pension funds and trustees in their quest for more transparency on the costs of their capital markets' activities.”