The multinational parent of two U.S. mutual fund shops is restructuring.
| Makoto Inoue |
Director,?Representative Executive Officer, President and Chief Executive Officer
Yesterday Robeco Group revealed
plans to split in two. Robeco Institutional Asset Management (dba "Robeco"), based in Rotterdam, includes both Boston Partners
] and Harbor Capital Advisors
] here in the U.S.; the other half, Robeco Group (RG), will become a financial holding company.
, president of Harbor Funds Distributors, and a spokesman for Boston Partners both declined to comment on Robeco's restructuring.
The restructuring also means that Lein Boeren
, vice chairman of Robeco's board for 11 years, will leave after the restructuring transition. The other members of Robeco's executive committee include Ingo Ahrens
, Peter Ferket
, Roland Toppen
, and Karin van Baardwijk
. The supervisory board includes chairman Jeroen Kremers
, Gihan Ismail
, and Jan Nooitegedagt
Japanese financial services giant Orix Corp bought
90.01 percent of Robeco three years ago
from Rabobank. Now Makoto Inoue
, president and CEO of Orix, states that "this new structure will allow for this talent [at Robeco] to flourish and help Robeco to further expand on its strong foundation."
As of March, Robeco had 262 billion euros (about $297 billion) in AUM worldwide.
Neil Anderson, Managing Editor
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