SNS Asset Management chooses KAS BANK as its custodian

SNS Asset Management, part of the Dutch banking and insurance provider SNS REAAL, will outsource its securities services to KAS BANK N.V., in consultation with its clients. The formal agreement to outsource the administrative securities process to KAS BANK follows a letter of intent from KAS BANK and SNS REAAL mid 2008. The transition of securities portfolios is expected to commence on 1 April 2009.

SNS Asset Management


KAS BANK


SNS Asset Management’s choice of KAS BANK as its custodian follows an intensive consultation project. SNS Asset Management will outsource both the custody of its clients’ assets and all additional securities services, including securities lending, to KAS BANK. This will enable SNS Asset Management to process transactions more efficiently and to optimise its securities services.

About SNS Asset Management
SNS Asset Management is a responsible asset manager, offering products with added value for institutional investors. One of SNS Asset Management's characteristics is this focus on creating value, whereby its clients' (financial) interests are its highest priority. Moreover, SNS Asset Management promotes social, ethical and environmental values.

SNS Asset Management manages the assets of a range of institutional investors. These include pension funds, insurers, banks, social organisations, foundations, charities and religious institutions. SNS Asset Management also manages SNS REAAL's considerable portfolios.

About KAS BANK
KAS BANK is a European specialist in wholesale securities services. As an independent bank, KAS BANK connects professional financial institutions both within Europe and across the globe. KAS BANK’s focus is providing added-value services to national and international organisations active in the pensions and securities industries. KAS BANK views the market from the perspective of its clients – tailor-made services and complete transparency are paramount in helping them to meet their business objectives.

More information on SNS Reaal:
SNS REAAL
Manel Vrijenhoek, Corporate Communications
Email: manel.vrijenhoek@snsreaal.nl
Tel: +31 (0) 30 291 48 90

More information on KAS BANK:
Michiel Janssen, Secretary to the Managing Board
Email: michiel.janssen@kasbank.com
Tel: +31 20 557 52 30