NETHERLANDS - In a move to concentrate more on its core pension activities, the €10bn Grafische Bedrijfsfondsen (GBF) is to outsource its back-office investment activities and personnel to KAS BANK.
Commenting on the motive behind the decision, Paul van Leeuwen, managing director of GBF, said: "GBF has decided to focus on its asset management activities and advice to clients. "The administrat...
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