Dutch custodian KAS Bank has hired Christopher Sier as a managing director for its U.K. branch, who will lead the group’s efforts in shifting its focus towards U.K. institutional investors, such as pension funds.
Following his appointment, KAS Bank is plans to extend its position in Britain’s pension fund market by providing data and cost analysis services, as well as offering collateral management, derivatives services and order execution.
The change in focus comes as Britain’s pension schemes prepare for new rules that will see a fee cap of 0.75% basis points on management assets in April 2015. Furthermore, pension trustees will have to collate and report transaction costs in their funds.
“With Chris we intend to further deliver on our mission to assist pension funds and trustees in their quest for more transparency on the costs of their capital markets’ activities,” says Sikko van Katwijk , member of the managing board for KAS Bank.
Sier, who previously served as a police officer, was previously responsible to a range of knowledge transfer, research and thought leadership activities across the institutional investments sectors, with particular emphasis on pension funds.
KAS Bank Eyes Pension Fund Push with New U.K. Chief
Dutch custodian KAS Bank has hired Christopher Sier as a managing director for its U.K. branch, who will lead the group’s efforts in shifting its focus towards U.K. institutional investors, such as pension funds.
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