Ranking of asset managers in the Benelux region 2021, by worldwide AUM
Asset management is an important side activity for financial institutions in the Benelux...Most entries in this ranking are dedicated asset management branches within larger groups of financial institutions. For instance, one of Belgium’s largest asset managers is part of the bank KBC. For the Netherlands, the biggest asset managers are pension funds or insurance companies. In 2019, total AUM of Dutch pension funds was worth around 1.74 trillion euros.
… but private banking also plays its part
Asset managers can also consist of private banks or wealth managers, who generally serve clients with a higher portfolio than regular customers. In 2019, clients with assets over five million euros represented over 70 percent of total AUM in Luxembourg private banking. In Belgium, most AUM can be found in the private banking divisions of the four biggest banks of the country. This is probably due to the relatively low bar set for clients: investable assets of 250,000 euros or more are enough to participate.