Strategy and targets

At NPG Wealth Management we have set ourselves an ambitious goal: We intend to triple our 2006 assets and profits by the end of 2011. This goal underlines our confidence about the future and our firm belief that the recent turmoil in financial markets will create growth opportunities. A number of smaller insurers and assets managers are currently for sale and we are actively looking at areas where we could strengthen the business through acquisitions, which will create value for our shareholders.

We have only tapped a small portion of our market potential to date, which is driven by a growing need for private retirement plans, a large customer target group and numerous foreign markets not currently served by existing products.

NPG Wealth Management targets wealthy private clients and, therefore, sees itself as a specialist, but with lots of room for the business to grow. In 2008, there were 2.6 million high net worth individuals living in Europe according to the World Wealth Report 2009, as well as some 30 million affluent individuals according to NPG estimates. At the end of June 2009, NPG served some 50,000 clients, only a fraction of this attractive and highly sought-after target group.

The Group’s growth strategy is based on four pillars:

1. Acquisitions
NPG has a successful track record in acquiring businesses and remains on the lookout for suitable purchases to enhance shareholder value, by increasing client assets and maximizing economies of scale.

2. Expanding market share in existing markets
In all of our markets there is scope to expand cooperation with intermediaries, who are potential sales partners for our products. As a result, our declared aim is to increase market penetration amongst reputable and competent intermediaries. NPG is also planning to extend its product range in various countries to substantially boost new business.

3. Geographic expansion
NPG is currently expanding into Germany will expand into the Netherlands and Italy during 2010. Germany is the third largest life insurance market in Europe and Italy is number four. The Netherlands are a logical step given the Group’s presence in Belgium and Luxembourg.

4. Adapting products to additional jurisdictions
The Group intends to remain true to its existing product portfolio and is not planning to introduce any fundamentally new products. Instead, it will adapt existing products to further jurisdictions in order to be able to integrate new asset classes, for instance, or to make it easier for customers to optimize their tax planning.