NN IP’s management team has joined Goldman Sachs in senior roles and all investment teams have been successfully integrated, Milan Prushan, CEO of the new Goldman Sachs Asset Management, said on Monday.

The joint venture is well positioned to successfully meet the needs of clients worldwide and offer a wide range of investment solutions.

NN Pensii, the administrator of the largest private pension fund Pilon II in Romania, remains part of the international company NN Group and is not related to the transaction between Goldman Sachs and NN Investment Partners.

Goldman Sachs ( GS.N ) bought Netherlands-based NN Investment Partners for 1.7 billion euros ($1.9 billion) last year to expand its presence in Europe.

NN Investment Partners, formerly part of NN Group (NN.AS), has already been integrated into Goldman Sachs Asset Management (GSAM). The acquisition of the firm, which has more than 900 employees, boosted Goldman’s assets to about $2.8 trillion.

Rebranding of the organization and activities of NN IP is an important step in establishing a unified business. This involves rebranding and renaming products and entities to reflect the Goldman Sachs Asset Management brand and all naming conventions.

The first steps to change the visual identity and name were taken from 1 February 2023 and are now available on digital channels. In addition, all investment funds and legal entities containing “NN” or “NN IP” have changed their names to reflect the Goldman Sachs identity, including all legal documentation of the NN IP funds. These documents are available through a website with a new visual identity.

Most of these changes take effect on March 6 and do not affect the company’s product portfolio or investment processes.

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