As part of its periodic assessments, NN Group has announced this week that it is reviewing strategic options for its asset management business. The firm is evaluating a broad range of options including a merger, joint venture, or (partial) divestment.
The group explained in a press release that the process is part of its “regular and thorough” assessment of its individual businesses, in line with their aim to pursue “long-term value creation that is beneficial to all stakeholders”.
The current review is aimed at assessing the opportunities to create a broader platform that enables NN Investment Partners (NN IP) to accelerate its growth. “In considering different strategic alternatives, particular focus will be given to how NN IP can continue to provide the best investment offering and service to NN’s insurance business and asset management clients in a rapidly evolving industry”, they added.
With around 300 billion euros (362 billion dollars) of assets under management, NN IP is a leader in responsible investing and has strong capabilities in fixed income, private debt, equity and multi asset solutions.
For Funds Society, Madrid