Asset management and investment
The turbulence in the stock exchanges in 2008 also affected Robeco, Sarasin and
Schretlen Co. The fall in share prices caused a 21% decrease in assets under
management and held in custody, to EUR 184 billion. The total asset inflow was
EUR 13 billion. The gain from the sale of Alex and the strong investment performance
on alternatives investments at Robeco boosted net profit from asset management
activities by 21 to EUR 438 million. Robeco wound down its fixed-income business
in the United States and strengthened both its presence in Asia and its distribution
activities in the Middle East. Sarasin achieved a record inflow of assets, received
several awards for its outstanding investment performance and expanded its
activities in Europe and the Middle East further.
Strategy
www.robeco.com,www.sarasin.com,www.schretlen.com
Higher profit; assets under management down due to
adverse stock market conditions nevertheless
Assets under management and held in custody for clients down
21% to EUR 184 billion
- Cash flow EUR 13 billion
- Loss on investments EUR 59 billion
Number of orders handled in the Netherlands up 5% to 4.7 million
- Net profit up 21% to EUR 438 million
- Impairment losses amounted to EUR 42 million
Strategy of Rabobank Group
Contribution to Group strategy
All-finance market leadership in the Netherlands
- Offering, through various distribution channels, broad access to investment funds
and asset management services to clients of every kind
- Robeco operates in the Dutch savings market
Global food agri bank
- Offering products in the areas of sustainability and clean technology
Asset managers Robeco, Sarasin and Schretlen Co offer high-quality services to investors of every
kind. The range of innovative products and services will be broadened and deepened further. Both the
distribution network and the institutional sales and asset management activities will be expanded on
a selective basis. At the same time, Rabobank Group aims to strengthen its position in the market for
high net-worth individuals and institutional investors and consolidate its positions in the Netherlands
and abroad.
Share in Rabobank Group's
net profit for 2008
in
Asset management
and investment 16%
40
Rabobank Group Annual Report 2008
