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Press Releases
PHILADELPHIA, PA and ZOETERMEER, NETHERLANDS -- (MARKET WIRE), 5 June 2007 -- Schiffrin Barroway Topaz & Kessler, LLP ("SBTK"), a major U.S. law firm specializing in shareholder litigation, has announced that international pension expert Peter Kraneveld has joined the firm as an advisor. Kraneveld will work with SBTK to analyze and work on issues such as corporate governance, shareholder rights and activism and how these fit into the interests of the firm's large international client base of pension funds and other institutional investors. Both Kraneveld and SBTK believe that the fiduciary duties of institutional investors make it necessary to consider shareholder rights and activism as a credible option and a tool of last resort to defend the interest of their beneficiaries in the framework of corporate governance. Kraneveld will begin working with SBTK on July 1, 2007. Peter Kraneveld, an economist by training, has a long history of working with pension funds and other institutional shareholders. He just completed an eight year stint working with Dutch pension fund PGGM, a public pension fund for the healthcare sector in the Netherlands, and one of the largest pension funds in Europe. Kraneveld's last three years at PGGM were spent as a Special Advisor for International Affairs where his main responsibilities included setting up a network among national and international lobbying organizations, domestic and foreign pension funds and international civil servants and using it to promote the interests of the pension fund industry. Kraneveld served as Chief Economist for PGGM's Investments Directorate from 1999 until 2004 where his accomplishments included the Tactical Asset Allocation process and designing alternative scenarios for Asset Liability Management. Prior to his work with PGGM, Kraneveld worked with the Organisation for Economic Co-operation and Development (OECD) and the Dutch Ministry of Economic Affairs. "I am enthusiastically looking forward to working with the Schiffrin firm. They are serious and focused and their work will benefit the sophistication and reliability of institutional investing. I am happy to bring their wide expertise in contact with my international network," said Kraneveld. About : SBTK, with its headquarters located just outside of Philadelphia, PA (USA), currently employs over 60 attorneys and 100 staff dedicated to serving its institutional clients from around the globe. In addition, SBTK recently represented a group of European institutional investors in a precedent setting settlement with Royal Dutch Shell with regard to the company's oil reserve case. SBTK's free "Securities Tracker" service actively monitors the portfolios of institutional investors to identify potential claims for damages as a result of corporate malfeasance. "Peter's experience and knowledge will bring a different view to our thinking on many issues that relate to our practice and will help us better incorporate international views on corporate governance and shareholder rights," said Darren Check, Partner and Director of Institutional Relations at SBTK. Philadelphia/ Zoetermeer, June 5, 2007 Media Contacts: Darren J. Check, Esquire Schiffrin Barroway Topaz & Kessler 280 King of Prussia Road Radnor, Pennsylvania 19087 Telephone: (610) 822-2235 Facsimile: (484) 270-1484 E-Mail: Internet: http://www.sbtklaw.com Footnotes: SOURCE: Schiffrin Barroway Topaz & Kessler, LLP Submitted by Asia Release on Tuesday, 5 June 2007 at 6:03 PM Category: Legal/Law |
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