As part of the agreement, ORIX and Rabobank will enter into a strategic alliance. Rabobank will become a shareholder in ORIX and will continue to be involved in maintaining and expanding Robeco’s business platform. In addition, Robeco’s banking activities, which are based solely in the Netherlands, will be transferred to Rabobank.

Robeco’s management board will remain in their current roles, with Roderick Munsters continuing as chief executive, reporting to ORIX headquarters in Tokyo. Robeco will become ORIX’s primary platform for future growth and will continue to service its customers under its existing brand names.

In a statement about the acquisition ORIX described Robeco as “a well-managed and relatively autonomous group of businesses” saying that it is the “ideal vehicle” to pursue its ambitions in global asset management.