Meanwhile, the two camps are also entering into a 10-year strategic partnership under which the combined company will continue to provide asset management services to NN Group.
“This acquisition allows us to accelerate our growth strategy and broaden our asset management platform,” said Goldman Sachs chair and chief executive David Solomon. “NN Investment Partners offers a leading European client franchise and an extension of our strength in insurance asset management.
“Across NN Investment Partners’ offerings they have been successful in integrating sustainability which mirrors our own level of ambition to put responsible investing and stewardship at the heart of our business. We look forward to partnering with the team at NN Investment Partners as we focus on delivering long-term value to our clients and our shareholders.”
Satish Bapat, who will continue to lead NN IP in his capacity as CEO, has stepped down from his role as a member of NN Group’s management board.
Commenting on the sale, NN Group boss…
