The Cardano Group has acquired the sustainable investment manager ACTIAM from Athora Netherlands for an undisclosed sum, in what has been described as an “important milestone” for the group.

As reported by our sister title, Pensions Age, the transaction, which will see the Cardano's assets under management grow by more than £18.5bn to over £50bn, was initially agreed in October 2021 and has since received regulatory approval.

It is expected to "significantly” enhance the group’s service provision, especially in relation to its impact investment offering, corporate sustainability analysis, and environmental, social and governance (ESG) advice.

Harold Naus will assume the position of CEO at ACTIAM, whilst also remaining responsible for the Cardano Netherlands organisation to ensure the "optimal" implementation of the new combination.

Naus will also sit on the new ACTIAM board, alongside CIO, Hilde Veelaert, CFRO, Marc Strijbos, and COO, Jorg Sunderman.

Commenting on the news, Cardano group CEO, Michael de Lathauwer, said: "With the acquisition of ACTIAM now completed, we’re looking forward to the next phase of growth for the Cardano Group as an enlarged business.

“Our new colleagues bring a wealth of talent and experience and give our clients access to a broadened advisory and asset management proposition.

“This deal is an important milestone in realising our ambition to offer the best-in-class sustainable solutions that maximise financial and social returns to pension funds and other long-term investors."

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