Dutch financial group Triodos Bank is to strengthen its commitment to socially responsible investing (SRI) by integrating its sustainable and financial analysis within its investment process.
The approach will be applied to the four Triodos SRI funds – Triodos Sustainable Pioneer Fund, Triodos Sustainable Mixed Fund, Triodos Sustainable Equity Fund and Triodos Sustainable Bond Fund – as well as to the discretionary portfolios from Triodos Bank Private Banking in the Netherlands.
The SRI asset management activities will become part of Triodos Investment Management.
Triodos IM will make new hires to the SRI asset management team led by Erik Breen. William de Vries, former head of Core fixed income at Kempen Capital Management and Hans Stegeman, former chief economist Netherlands at Rabobank, have already been appointed since the start of the year.
Consequently asset management services currently provided by Delta Lloyd Asset Management and Triodos
MeesPierson will end in 2018.
The firm specified Triodos Bank Private Banking services provided in Belgium together with Puilaetco Dewaay Private Bankers remain out of scope of this development.
The activities of Triodos MeesPierson, a joint venture between Triodos Bank Private Banking and ABN Amro MeesPierson, will be transferred to the respective parent companies as per 1 January 2018, subject to relevant regulatory approval.
Albert van Zadelhoff, managing director of Triodos Bank Private Banking: “The cooperation between Triodos and ABN Amro started in 2005, when socially responsible investing was still in its early days and extra effort was needed for this investment approach to reach its full potential.
“Given the fact the sector as a whole has strongly matured, both ABN AMRO MeesPierson and Triodos Bank Private Banking feel the time is right to integrate the activities currently being managed by Triodos MeesPierson into their own organisations.”
Marilou van Golstein Brouwers, chair of the management board of Triodos Investment Management: “Since the 1990’s, Triodos Investment Management has strongly contributed to socially responsible investing becoming widely accepted in the investment industry. Building on our pioneering track record and given the current size of our SRI funds and the discretionary portfolios of Triodos’ Private Banking clients, we are now well positioned to take this logical next step.”