Custodian KAS Associatie has appointed Brown Brothers Harriman's Ben Kajtazi, as part of the first phase of its European expansion plans.
Kajtazi will be responsible for the bank's UK institutional investor clients, and is their first relationship manager for its recently launched UK operations. Last week KAS announced that it was targeting small to medium sized pension funds in the first stage of its European expansion plans.
During his time at Brown Brothers Harriman, Kajtazi had responsibility for the global financial institutional institutions in the UK and Northern Europe. He has ten years’ custody experience, and joins KAS' new team which will roll out the bank's custody product in the UK market.
Other than Kajtazi, the UK team consists of Ian Ratoff and Ben Kramer. Ratoff, formerly global business development manager with HSBC, is the head of relationship management, UK institutional investors. Kramer is head of acquisition and sales, with responsibility for the institutional Benelux markets.
The Dutch bank, which has EUR220bn (£131bn) under custody, is aiming its custody services at UK banks and brokers and non UK-based banks, as well as pension funds. Initially KAS' efforts in the UK will be concentrated on providing custody, settlement, clearing and related economic management information services.
By Geoffrey Ho
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.