In recent weeks, Van Lanschot Kempen has developed a framework for exclusion in the event of an armed conflict. This framework applies to all direct investments over which Van Lanschot Kempen itself has control. Van Lanschot Kempen believes its primary duty is to safeguard the interests of its clients and its stakeholders.
Van Lanschot Kempen has only very limited direct investments in Russia and Belarus. Given the current extremely upsetting events in Ukraine, we are investigating the possibilities for a careful and responsible divestment of the remaining investment positions.
As for our indirect exposure, we are currently holding constructive talks with external fund managers, encouraging them to also take appropriate measures to safeguard the interests of our clients. Close consultation takes place with our advisory and fiduciary clients.
Van Lanschot Kempen does not have any direct holdings in Russian debt. Russian government bonds were already included on our exclusion list.
The decisions that we have taken are in line with the current international sanctions that have been imposed on Russia following its invasion of Ukraine. We will review our position in the event that a peaceful resolution is reached and international sanctions are lifted.