Mn Services Ready for UK

RIJSWIJK, The Netherlands and LONDON - Mn Services Investment Management UK is now ready to offer its fiduciary management services to UK pension schemes. Following establishment of the UK operation in October 2008, Mn Services has now developed a complete UK fiduciary management proposition, has built its initial UK-based team, and has obtained the necessary regulatory approvals.

European Passport

Last week Mn Services Vermogensbeheer B.V. and its UK branch Mn Services Investment Management UK obtained the European MiFID passport to provide services to UK professional investors. Under the MiFID regime, the firm is authorised by the Dutch Authority for Financial Markets and is subject to limited regulation by the Financial Services Authority.

Colin English joins Mn Services as Head of Business Development UK

With effect from 1 February 2009 Colin English has been appointed Head of Business Development for Mn Services Investment Management UK. In this role, he is responsible for acquiring new fiduciary management mandates from UK pension funds. Colin has built a career within the UK financial services arena, primarily working within actuarial, pension and employee benefit consultancies, and specialising in business development, client management and sales and marketing roles. Key positions held by Colin during the past 20 years have included Head of Business Development in the UK for both Towers Perrin and at Mercer, as well as being a co-founder of a niche pension and employee benefit consultancy.

Gwion Moore joins Mn Services as Head of Investment Strategy UK

With effect from 1 April 2009 Gwion Moore has been appointed Head of Investment Strategy for Mn Services Investment Management UK. In this role, Gwion is responsible for ALM and investment strategy for UK pension schemes. Gwion brings a wealth of ALM experience and knowledge for UK pension schemes, having been Head of European Pension Asset and Liability Management and Structuring at Lehman Brothers Inc. most recently and having held senior ALM and fixed income roles at JP Morgan prior to that.

Remco van Eeuwijk, Managing Director of Mn Services Investment Management UK says: “We have deliberately taken the first six months to tailor our fiduciary management proposition to UK pension schemes and have now put in place a strong team of pensions professionals who will be able to deliver Mn Services fiduciary management proposition in a manner that is tailored to the needs and circumstances of UK pension schemes. I am really pleased that we are now in a position to actively enter the market.”

Colin English, Head of Business Development UK, says, “We already have promising contacts with several UK pension funds, consultants, and independent trustees. The interest in the UK in fiduciary management and in Mn Services has exceeded our already optimistic expectations. In fact, I expect that we will already start taking part in selection processes during the next few months.”

About Mn Services

Mn Services is the fiduciary manager for a growing number of institutional investors with assets under management exceeding GBP 50 billion as of 1 January 2009. Mn Services also administers pensions for more than 1.2 million people, making Mn Services one of Europe’s leading groups in the field of fiduciary management and pension administration.

Mn Services Investment Management UK is registered in England and Wales (BR 010224) at 60 Cannon Street, London EC4N 6NP as the branch of Mn Services Vermogensbeheer B.V., a limited liability company that is incorporated in the Netherlands (The Hague Chamber of Commerce , 27245360), authorised by the Dutch Authority for Financial Markets (AFM), and subject to limited regulation by the UK Financial Services Authority. Details about the extent of our regulation by the Financial Services Authority are available from us on request.

Source: Mn Services N.V.

For more information, please contact Mn Services N.V., Geert-Jan Cath, spokesman, Tel. (mobile) +31-6-513-93-252, gca at mn-services.nl