€27bn private bank seeks global aggregate bond manager

Van Lanschot Kempen expects to complete search within next three months

Amsterdam-headquartered wealth firm Van Lanschot Kempen is seeking a new global aggregate bond manager for its private banking arm, with a search taking place over the next few months.

Chief economist Luc Aben and head of asset Management Thijs Van der Kevie said that the firm wants to provide its clients with an additional defensive option.

The €27.4bn ($33.5bn) unit of the €98.9bn wealth manager does not have an allocation figure in mind yet, but it typically invests no less than $100m in new managers.

The search is expected to take between one to three months to be completed.

When conducting due diligence on new managers, the firm considers performance, organization, and how ESG is integrated.

Van Lanshcot Kempen has several committees, made up of 33 members in total, that handle different investment areas. Four model portfolios are offered to its clients.

In addition to the private banking arm, Van Lanschot Kempen offers asset management and wealth management services to high-net-worth clients.