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Delen Private Bank

PRI reporting framework 2020

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Organisational Overview
Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]
Strategy and Governance
Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]
Direct - Listed Equity Incorporation
ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (B) Implementation: Thematic [LEI 07] (C) Implementation: Integration of ESG factors [LEI 08 - 10] Outputs and outcomes [LEI 12 - 13]
Direct - Listed Equity Active Ownership
Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]
Direct - Fixed Income
ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (B) Implementation: Thematic [FI 07 - 09] (C) Implementation: Integration [FI 10 - 12] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]
Confidence building measures
Confidence building measures [CM1 01 - 07]
Export Public Responses
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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other

Please specify 

          Assets under Advice
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

In 2019, Delen Private Bank continued its strategy of optimising the quality and efficiency of asset management by continuing to strive for an increasing proportion of discretionary management mandates. Expressed in number of accounts, the share of discretionary management accounts is 93%. In terms of AuM, the discretionary management accounts for 82%. 

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Belgium

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

415 FTE

02.4. Additional information. [Optional]

At the end of 2019, Delen Private Bank counted 415 FTEs (including 31 at Oyens & Van Eeghen, made a branch of Delen Private Bank in 2019). JM Finn counted 303 FTEs.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

In the course of the last 4 years we have developed, expanded and refined our responsible investment policy at Delen Private Bank (Belgium, Luxemburg and Switzerland). As portfolio management at Delen Private Bank is centralised using the investment funds managed in-house by Capfi Delen Asset Management (the Delen Group's fund manager) this forms the focus of our reporting.

As was announced in our 2018 report, the Dutch firm Oyens & Van Eeghen was made into a branch of Delen Private Bank in 2019. In the process, a responsible investment policy for Oyens & Van Eeghen was implemented. This policy follows the same philosophy as Delen's, combining exclusion, engagement and ESG integration. Oyens & Van Eeghen manages constructs its investment funds using external building blocks. These underlying investment funds are managed by external managers. Nevertheless, the three levels of the Delen Private Bank policy have been integrated into the fund management process in the course of 2019.

At the UK subsidiary JM Finn discretionary management is not centralised at entity level, but per (group of) manager(s) through investments in direct lines and third party funds. It mainly invests directly in securities and in third-party funds on behalf of its clients. JM Finn continues to operate in a more independent manner than the other group entities. However, the implementation of a responsible investment policy that follows the spirit of that of Delen Private Bank is currently being explored.JM Finn has the possibility of proposing selective exclusions tailored to the client's needs. In terms of engagement, JM Finn has entered into a partnership with Hermes EOS, following Delen's Hermes EOS partnership started in 2018. Other opportunities regarding exclusion, engagement and ESG integration at JM Finn are being closely examined.

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

At Delen Private Bank (including the recently branched Oyens & Van Eeghen), total assets under management amounted to 32,118 million euros at the end of 2019, of which 26,421 million euros was managed on a discretionary basis. The responsible investment policy on which we report is applied to all investment funds, used to construct the discretionary portfolios. These funds have a total AuM of 26,677 million euros at the end of 2019. 

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity >50% 55 0 0
Fixed income 10-50% 45 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

The responsible investment policy on which we report is applied to all investment funds managed in-house, used to construct the discretionary portfolios. We provide the asset breakdowns for the consolidated portfolio of these funds.

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Not Applicable)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

95 Developed Markets
5 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

The responsible investment policy on which we report is applied to all investment funds managed in-house, used to construct the discretionary portfolios. We provide the asset breakdowns for the consolidated portfolio of these funds.
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