Achmea Restructures Syntrus Achmea for Strategic Growth in Mortgages and Real Estate

Achmea Restructures Syntrus Achmea for Strategic Growth in Mortgages and Real Estate

(IN BRIEF) Achmea has announced a restructuring of its subsidiary, Syntrus Achmea Real Estate & Finance B.V., to support its growth in the mortgage and real estate sectors. Effective October 1, 2024, the mortgage and real estate activities will be separated into distinct entities. Syntrus Achmea Hypotheekdiensten B.V. will handle mortgage origination and management under Achmea Bank, while Achmea Mortgage Funds B.V. will manage mortgage funds and investment portfolios. The real estate business will operate under the new name Achmea Real Estate. Each entity will have its own management board and structure, ensuring focused leadership for future growth.

(PRESS RELEASE) ZEIST, 28-Aug-2024 — /EuropaWire/ — In a strategic move to bolster its growth in the mortgage and real estate sectors, Achmea has announced a significant restructuring of Syntrus Achmea Real Estate & Finance B.V. Effective from October 1, 2024, the company will separate its mortgage and real estate operations into distinct entities. This restructuring has received the necessary approvals from the Dutch regulators, DNB and AFM, as well as the works council.

The reorganization aims to streamline operations and create specialized entities to enhance focus and efficiency in these key business areas.

The restructuring will be carried out as follows:

1. Mortgage Operations:
   • Syntrus Achmea Hypotheekdiensten B.V. will continue its core activities of originating and managing mortgages as a subsidiary of Achmea Bank N.V. Its subsidiaries, Achmea Hypotheken B.V. and Attens Hypotheken B.V., will also be integrated under Achmea Bank.
   • Achmea Mortgage Funds B.V. will assume the management of mortgage funds and investment portfolios, previously handled by Syntrus Achmea Real Estate & Finance. This entity will also oversee the Achmea Mortgage Investment Platform.
2. Real Estate Operations:
   • The real estate arm of the business will operate under the newly established legal name Achmea Real Estate. This division will focus on the asset management of real estate funds and separate accounts.

Each of the newly formed entities will have its own management board and organizational structure to ensure dedicated leadership and strategic direction:

• Achmea Bank and Syntrus Achmea Hypotheekdiensten: Pierre Huurman (CEO) and Mark Geubbels (Director Finance & Risk).
• Achmea Mortgage Funds: Hikmet Sevdican (Chair of the Statutory Board) and Johan Dijkstra (Director Finance).
• Achmea Real Estate: Toon Sweens (Co-Chair, Director Operations), Boris van der Gijp (Co-Chair, Director Investments), and Mascha Hendrickx (Director Finance).

This restructuring represents a significant step forward for Achmea, positioning the company for continued growth and success in the competitive mortgage and real estate markets.

About Achmea Bank
Achmea Bank is part of Achmea and provides mortgages, savings products and investment services to retail customers in the Netherlands in close collaboration with Centraal Beheer and Achmea Investment Management. Achmea Bank implements Achmea’s strategy for Retirement Services by enabling customers to generate income for today and tomorrow. Achmea Bank holds a banking licence and is authorised to provide financial services under the Financial Supervision Act (Wft). Achmea Bank manages a credit portfolio of about € 15 billion and approximately € 10 billion in savings.

About Achmea Mortgage Funds
Achmea Mortgage Funds, also known by its trade name Achmea Mortgages, is a full subsidiary of Achmea. Within Achmea, Achmea Mortgage Funds is the investment manager for mortgages and holds an AIFMD licence. Its legal predecessors have acted as investment manager to institutional investors for more than 60 years. By 30 June 2024, Achmea Mortgage Funds managed € 30 billion in Dutch mortgages on behalf of over 50 pension funds and other (international) institutional investors. The mortgages are granted under the trade names Centraal Beheer Leefhypotheek, Syntrus Achmea Hypotheken and Attens Hypotheken. The investment management conducted by Achmea Mortgage Funds contributes to a sustainable future.

About Achmea Real Estate
Achmea Real Estate manages a portfolio of about € 12 billion consisting of residential, retail and healthcare real estate on behalf of 30 pension funds and other institutional investors. Achmea Real Estate selects investments with a high social value and appropriate financial return. In doing so, Achmea Real Estate contributes to a sound income for today and tomorrow, in a sustainable and attractive living environment.

This press release was co-issued by Achmea Bank N.V. in collaboration with Achmea Mortgage Funds B.V. and

Media Contact:

Media Relations:
Marco Simmers
+31 6 53 43 87 18
marco.simmers@achmea.nl

Investor Relations:
Hans Duine Rudi Kramer
+31 6 82 10 50 97
hans.duine@achmea.nl

Corporate Finance:
+31 6 53 26 45 52
rudi.kramer@achmea.nl

SOURCE: Achmea