KAS BANK wins two prestigious awards at The European Custody Risk Awards

Last night, KAS BANK received two awards at the prestigious European Custody Risk Awards ceremony in London. Each year Custody Risk, a European magazine for risk managers, awards companies and institutions for their outstanding performance within the financial industry. The awards are judged by an independent jury consisting of financial experts from various disciplines.

Technology Innovation of the Year
Laurens Vis, Managing Director KAS BANK UK, received the award for ‘Technology Innovation of the Year’. According to the judging panel, KAS BANK started a revolution with the introduction of the Pension Fund Monitor app. KAS BANK responded to the need for management information with this innovative solution, allowing administrators real-time access to the main parameters of the pension fund. In addition, this innovative solution has made a significant contribution with regards to the decision-making process of the pension funds.

Laurens Vis stated: “Once again, KAS has been recognized for its’ innovative approach. Keeping customer focus at the heart of our new product development ensures that we are able to respond to the changing financial landscape through technological innovative solutions such as the app”.

Custodian of the Year – The Netherlands
Tamis Stuker, Associate Director - Institutional Services, received the award for ‘Custodian of the Year – The Netherlands’. KAS BANK was praised by the jury for its pure-play strategy, which was already in place prior the credit crisis, and is an essential part of its business model. In periods where confidence is low, the low-risk profile of the bank is recognized and valued by its clients. Furthermore, the judging panel stated that KAS BANK is a major player in the Dutch financial industry with an extensive knowledge with regards to the law and regulations at national and European level.

Tamis Stuker reacted: “Last night’s award win once again reinforces KAS’ position as a major player in the Dutch pensions market, a position which we intend to recreate in both the UK and German domestic markets”.