Nestlé has established a wholly-owned subsidiary to manage the group’s pension fund assets, which amounted to approximately CHF25bn (US$20.91bn) at the end of 2005.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
From the beginning of January, Nestlé Capital Advisers will take a strategic advisory role and provide services for Nestlé’s pension funds.
Nestlé Capital Advisers’ CEO will be Jean-Pierre Steiner, who will also continue as Nestlé’s corporate pension and risk director. Paul Polman, Nestlé’s CFO, will serve as chairman of the board.
Additionally, Nestlé Capital Advisers has established Nestlé Capital Management, an operational asset management arm based in London. This new asset management company will provide cross-border investment and advisory services to any Nestlé pension fund based in Europe or elsewhere, the company said.
Each individual Nestlé pension fund will continue to be under the responsibility of the relevant local trustee board.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe aim of this new shares-services approach is to lower costs and boost net asset performance.
