THE NETHERLANDS - Independent mortgage portfolio advisor Prommise has completed a management buyout from consulting partnership Da Vinci in a bid to roll out its services across Europe.
Prommise counts NIB Capital and Dutch pension giant ABP on its client roster.
Christiaan Pennekamp, Prommise’s chief executive officer, said: “[The firm] has proved its worth in the Dutch market. Our service offers a significant advantage to our clients who have managed to build up strong positions in the market by having top quality information at their disposal, as well as increased transparency and disclosure available to investors.
“The time has come to broaden our domestic client base and roll out our product to other European countries.”
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The Royal Mail Pension Plan (RMPP), which manages £10bn of assets on behalf of more than 120,000 members across the UK, has appointed Richard Law-Deeks as chief executive.
Travers Smith has appointed Sebastian Reger from Sackers to join its pensions sector group from 1 October.