Efficiency and cost-effectiveness
ExxonMobil is far from the first multinational to choose Belgium and Flanders as a home for their pan-European pension fund. Euroclear, Johnson & Johnson, BP and Dupont have already transferred their funds from the Netherlands to Belgium. “The main reason for the transfer is operational efficiency and cost control,” asserts Ann Wurman, spokesperson for ExxonMobil. By integrating different national pension funds into a single pan-European fund, multinationals can cut signification costs.