EUROPE - Kas Bank is planning to open a regional office in Germany in an effort to be closer to its German clients.
Following Kas Bank’s acquisition of Depotbank in Germany, the company is planning to expand its reach through the opening of a regional office.
The custodian has had direct links with Germany for a number of years, but following the demand and the potential pension fund clients in the region, the firm chose to opt for a permanent presence in the country.
Kas Bank has also finalised its direct links with Dubai and is in the process of laying down such a connection with the US.
The possibility of Kas Bank actually opening an office in the US will “depend on how the direct link works out,” said Kas Bank managing board chairman Albert Röell.
Röell explained the plan for the US link would not only allow European investors to cross over to the US, but also see the American market being able to access Kas Bank’s European platform and therefore trade across the continent.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.