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Bakers scheme replaces Lombard Odier with NN IP as fiduciary manager

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Bakkers, the €4bn pension fund for the Dutch bakery sector, has replaced Lombard Odier with NN Investment Partners as its fiduciary manager. Both the pension fund’s accountability body and the Dutch regulator have argued in recent years that asset management and fiduciary management at Lombard Odier, which has served as…

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