The 190 billion euro institution needs a local presence to handle Asia-oriented investments.

The Netherlands' ABP investments, the largest pension fund in Europe with approximately 190 billion euros ($238 billion) of invested capital (and the world's second largest after the California Public Employees Retirement Scheme), plans to open an investment office in Hong Kong by January.

Robbert Coomans, advisor to the board and head of alternative investments, announced the decision this week at the Macquarie Asian Infrastructure Forum in Hong Kong, organised by AsianInvestor and FinanceAsia magazines.

ABP has already identified the key executives to run the Hong Kong office: Jeroen Schreur will serve as managing director for ABP Investments Asia, while Daan van Aert will serve as senior portfolio manager for real estate.

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Posted by pichu at October 20, 2006 12:59 AM