Belgium

BELGIUM - The EUR3.3bn pension fund for telecoms giant Belgacom has appointed Lasalle Investment Management to run the EUR85m European real estate brief.

BELGIUM - Karel Stroobants has been re-elected president of the Belgian Association of Pension Funds.

BELGIUM - Blackrock Financial Management has been appointed by Belgacom, the Belgian telecommunications operator, to run a corporate bond mandate for its EUR3.5bn pension fund.

BELGIUM - Belgacom, the Belgian telecommunications operator, has put off appointing a manager to run a EUR170m European real estate mandate until its next board meeting, Fabian de Bilderling, senior investment officer, said.

NETHERLANDS/BELGIUM - Dutch/Belgian financial group Fortis has told investors to expect a 7% dip in net profit for 2001, compared to 2000's company high of EUR2,768m.

BELGIUM - Belgian telecommunications operator Belgacom is close to completing its search for managers to run a total of EUR340m in mandates.

BELGIUM/ NETHERLANDS - Dexia Group, the Brussels-based financial services firm, has merged subsidiaries Bank Labouchere and Kempen & Co to form Dexia Bank Nederland.

BELGIUM - Fortis' net operating profit for the first three quarters of 2001 amounted to EUR2.070m, a 4% increase over the corresponding period in 2000. Net profit, including non-operating items, advanced 19% to EUR2.505m

BELGIUM - The EUR100m East Flanders pension fund has hired four asset managers to run its entire fund.

BELGIUM - Philip Neyt, a general manager at the EUR3.5bn Belgacom pension fund, will take over from colleague William Van Impe when he leaves the fund to join Fortis AG next month.