Province of Noord-Brabant awards a.s.r. Asset Management mandate worth € 1.7 billion
a.s.r. Asset Management has been awarded an asset management mandate by the Province of Noord-Brabant. The portfolio in question is worth around € 1.7 billion, all of which has been invested in fixed-income securities.
In recent years, the Province of Noord-Brabant had outsourced its asset management to two parties, one of which was a.s.r. Asset Management. Early this year, the Province decided to request proposals for asset management services and to assign both portfolios to a single asset manager. Five Dutch and international asset managers were invited to submit a proposal for the management of the entire fixed-income portfolio. In the end, a.s.r. Asset Management emerged as the winner of the public procurement process. The mandate has been awarded for four years, with the possibility of four subsequent renewals for one year at a time.
Patricia Nieuwenhuis, Operations Cluster Manager of the Province of Noord-Brabant: ‘We have chosen a.s.r. Asset Management because of their long-standing experience of investing in fixed-income securities. Not only does a.s.r. has all the necessary expertise and provide services in the market for private loans, but its governance and risk management are also first-rate.’
Jack Julicher, Chief Investment Officer at a.s.r.: ‘I’m very pleased that we have been awarded this mandate by the Province of Noord-Brabant. It underscores our capabilities as an asset manager in this competitive market. To us, this mandate is a confirmation that there is a need for a true Dutch asset manager capable of combining a down-to-earth approach with customized service and sustainable solutions.’
About a.s.r. Asset Management
a.s.r. Asset Management is the asset manager of insurer a.s.r. It manages assets worth € 48 billion in total, of which € 15 billion is managed for clients outside a.s.r. a.s.r. Asset Management is a down-to-earth Dutch asset manager that regards sustainable investment as an absolute priority. a.s.r. Asset Management’s clients include government bodies, educational institutions, charities, donor-advised funds, pensions funds and insurers. For more information, please visit www.asrvermogensbeheer.nl.