Corestone Investment Managers has declared its independence from Robeco Group with a management buy-out agreement.
While Corestone will continue fulfilling its fiduciary role with Robeco in the Netherlands, the buy-out allows the firm to pursue business in markets beyond Robeco's strategic scope.
Corestone CEO and co-founder Martin Mlynár said in a statement: 'More than 10 years of successful co-operation with Robeco allowed us to build the most popular fiduciary pension fund servicing platform in the Dutch market.
'We are now entering a new phase. On the one hand, we are looking forward to continuing our successful strategic co-operation in responding to the shifting dynamics in the Dutch pension fund market. At the same time, we will start to leverage our highly experienced, skilled people, as well as our enabling process and tools, in offering our range of services in additional markets in Europe and beyond.'
Corestone was founded in 2007 and has invested assets of more than CHF 36 billion as of June 2018.