Lyxor Adds Dutch Biz. Dev. Exec.

Jul 17 2012 | 11:13am ET

Lyxor Asset Management has installed a new executive in Amsterdam to develop its relationships with Dutch clients.

Tim Soetens has been named head of business development for the Netherlands. He's charged with managing relationships with clients of the firm's hedge funds, funds of hedge funds and quantitative funds.

Lyxor said it decided to appoint a Dutch business development chief due to its "recent breakthrough in the Dutch market," including "winning large mandates in the Dutch pension fund and wholesale distribution sectors."

Soetens joins Lyxor from Schroders, where he was sales director of wholesale business development in Belgium, the Netherlands and Luxembourg. He formerly worked at Philips Pension Fund and BlackRock.

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