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The right person in the right place. Read more.

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About APG
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35 Publications

Roger van Boxtel is leaving APG's supervisory board

Published on: 26 March 2021

Roger van Boxtel will leave the Supervisory Board of APG Groep (APG) on 1 April 2021. After the end of his role as CEO at NS in the autumn of 2020, Roger decided to reconsider the composition of his ancillary positions. After six years as a member of the Supervisory Board of APG, the adoption of the new strategy is an appropriate moment for the departure. Roger is very confident that APG will successfully implement the new strategy.

 

Pieter Jongstra, Chairman of the Supervisory Board of APG Groep: “With the departure of Roger van Boxtel, we lose a respected colleague of the Supervisory Board. With his knowledge and experience, he has added to APG's development into a leading pension provider. We are very grateful for his contribution.”

 

Roger has been a member of the Supervisory Board of APG since July 16, 2015. After his departure, his duties will be provisionally divided between the other members of the Supervisory Board.

 

As of April 1, 2021, the Supervisory Board of APG will be composed as follows: Pieter Jongstra (Chairman), Dick van Well (Vice chairman) Claudia Zuiderwijk, José Meijer and Maes van Lanschot.

Volgende publicatie:
Annette Mosman appointed chief executive officer of APG

Annette Mosman appointed chief executive officer of APG

Published on: 15 February 2021

Annette Mosman has been appointed chief executive officer of APG Groep as of March 1st, 2021. She succeeds Gerard van Olphen who is stepping down on April 1st of this year. Annette has already been a member of the board of directors of APG as CFRO since February 2018. By appointing Annette, APG has a female chief executive officer for the first time in history.

Pieter Jongstra, chairman of the supervisory board, is pleased with the appointment of Annette:

“For the pension sector in The Netherlands, the expected New Pension Contract marks an important and challenging period and its implementation will be demanding for pension providers such as APG. I am pleased that Annette, as very experienced leader, will be at the helm during this period. We wish her every success in her new role.”

 

A word of thanks also goes to Gerard:

“APG as well as the Supervisory Board are deeply grateful to Gerard van Olphen. Gerard led an intensive process from the start of his appointment, in which he stood at the cradle of setting a clear strategy for APG and in which the interests of the participants were made a priority.  He helped shape the new strategy, which will enable the Executive Board and the entire APG team to continue on the same path. We wish him and his family all the best for the future.”

 

As of March 1, 2021, the APG Executive Board will be composed as follows:

Annette Mosman (Chairman)

Ronald Wuijster (Chair Asset Management)

Francine van Dierendonck (Chair DWS, Chair Pension Administration ad interim)

vacancy (Chief Finance and Risk Officer)

 

 

Curious about Annette and the plans she has in her new position? Watch this video 

 

Volgende publicatie:
Sarah Russell appointed to the Supervisory Boards of APG Groep NV and APG Asset Management NV

Sarah Russell appointed to the Supervisory Boards of APG Groep NV and APG Asset Management NV

Published on: 12 January 2021

Sarah Russell will be appointed as a member of the Supervisory Boards of both APG Groep NV (“APG”) and APG Asset Management NV (“APG AM”) with effective date May 15, 2021.

Following a positive decision by the Dutch Authority for the Financial Markets (AFM), shareholders approved the nomination of Sarah Russell as member of both Supervisory Boards.

Sarah Russell will succeed Maes van Lanschot, who will be stepping down on May 15, 2021 after two terms of 4 years.

 

Sarah Russell has worked in the international financial industry and global wealth management for more than 25 years, both in Europe and her native Australia. She has lived in the Netherlands for 20 years.

Sarah Russell has a masters degree in applied finance from Macquarie University in Sydney. She was CEO of Aegon Asset Management (from 2010 until 2019) and a member of the managing board of Aegon NV (from 2016 to 2019).  Among her non-executive roles are: a member of the Board of Directors of Nordea Bank Abp (since 2010) and a member of the Supervisory Board of The Currency Exchange Fund NV (since 2019). 

 

Chairman Supervisory Board of APG Pieter Jongstra:  “With Sarah Russell, we welcome a highly experienced and knowledgeable member to the APG Supervisory Board. During her career, she acquired extensive knowledge in the area of financial services, asset management and risk management. It is very important that she also joins the Supervisory Board of APG AM in order to act as linking pin between both Supervisory Boards. We look forward to a fruitful cooperation. At the same time, I take this opportunity to thank Maes van Lanschot very much for his valuable and much appreciated contribution over the past eight years.”

 

With the appointment of Sarah Russell, the Supervisory Board of APG will consist of three women and three men. The Supervisory Board of APG AM will consist of one woman and two men. Consequently, APG will meet the target of at least 30% of its Supervisory Board consisting of women.

As of May 15, 2021 the Supervisory Board of APG Groep will include the following members: Pieter Jongstra (chairman), Dick van Well (vice-chairman), Roger van Boxtel, Claudia Zuiderwijk, José Meijer and Sarah Russell. The Supervisory Board of APG AM will comprise of: Bart Le Blanc (chairman), Knut Kjaer and Sarah Russell.

 

 

Volgende publicatie:
Gerard van Olphen will step down as CEO of APG in the spring of 2021

Gerard van Olphen will step down as CEO of APG in the spring of 2021

Published on: 7 September 2020

The APG Group Supervisory Board announces that Gerard van Olphen will step down as Chairman of the Board of APG. In addition to private reasons for this decision, he sees the new strategy that has been developed as a natural moment to make way for a successor. Gerard van Olphen will stay on until the spring of 2021 so that a smooth transfer is possible. The Supervisory Board has now started the procedure for the search for a successor.

 

Gerard van Olphen started as chairman of the board at APG in March 2016. In recent years, he has led a transformation process to maximize pension value for participants of the pension funds for which APG works. Under his leadership, the execution of the pension administration has improved. Furthermore, APG's position as a worldwide leading investment organization has been strengthened and non-core activities have been sold.

 

Gerard van Olphen: “The development of the inspiring 2025 future strategy has created a natural moment for personal change for me. The past months have brought me to the conclusion that I want to give more attention to my private life. That is a well-considered decision, whereby I realize the impact on APG. At the same time, I can take this decision with confidence because I know that APG is in the hands of a team of highly motivated and knowledgeable people. I am therefore convinced that APG can fully meet the challenges facing the pension sector. For the coming months, I look forward to further cooperation with my team and a good handover to my successor.”

 

Pieter Jongstra, chairman of the supervisory board of APG Group: “We would have liked to have made longer use of the involved chairman of the board, that Gerard is for APG, but of course we respect Gerard's considerations and decision. Gerard has led an intensive process from the start of his appointment in which the interests of participants are now top of mind to all in our organization. He is helping to shape the new 2025 strategy, with which the Executive Board and the entire APG team can continue on this path. It is too early to thank Gerard for his enormous contribution to APG, because he will still be our chairman of the board in the coming months, also to ensure a careful follow-up process. ”

Volgende publicatie:
"Who doesn't want to predict the future?"

"Who doesn't want to predict the future?"

Published on: 29 July 2020

Who are the people answering your telephone call when you have a question about pensions? And who are the people ensuring that you receive your pension statement every year? What are the underlying factors in making sure there is enough money later on for your pension payment? We take you with us to have a look behind the scenes.

Caroline Bruls (30) is an actuary, or the fortune teller of the pension fund.

 

What is it an actuary actually does?

“As insurance mathematicians, my colleagues and I are responsible for, among other things, the payments a pension fund has to make. Part of our job is to calculate the contribution needed for next year. We take a look at how many people are accruing pension for instance. And we examine how many people are retiring, how much pension they will receive and whether they have partners as potential survivors. We compare the outcomes of these investigations with the amount of money available in the fund. That results in the coverage ratio. As long as that coverage ratio is at least one hundred percent, a pension fund is able to continue paying the pensions until the distant future.”

 

Has it always been your dream to become an actuary?

“No, it sort of just happened. I didn’t even know what it was exactly at first. I just bumped into the position during a two-years starters’ action plan at APG. I immediately enjoyed it. In the meantime, I have been doing this job for five years now. Prior to this, I studied. First economics, later on econometrics. After that, I followed a post-graduate education to become an actuary.”

 

What are your main tasks?

“We develop mathematical models for future payments. We do so based on assumptions regarding the risks for the pension fund. What is the life expectancy of people in general, does he or she have a partner and are there any young children? We furthermore use statistics to assess the chance of dying and incapacity to work. And we also check afterwards whether our assumptions were correct.”

 

Isn’t that boring?

“No, on the contrary. We try to predict the future in an ever-changing world, and who doesn’t want to do that? People may think we are still struggling with papers and a calculator. But because of the technological progress and the availability of increasingly more data, we are able to make faster and more advanced calculation models. This means we are able to conduct much more extensive risk analyses and provide our clients with more insight. But you do have to love working with figures if you are an actuary.”

 

And you love figures?

“I really enjoy calculating, inventing solutions and transferring information. And the fact that we provide pension funds with direct information, enabling them to determine their policy.”

 

Does the participant have any awareness of the work you do as an actuary?

“We calculate the amount of the pension contribution. And we calculate the coverage ratio. This latter indicates whether there is space for indexation, or that pensions have to be reduced and to what extent. A possible reduction and the maximum compensation for inflation is dominated by statutory rules by the way.”

 

How far ahead do you look into the future?

“Pension funds have to guarantee lifelong payments. Also when people reach the age of one hundred years or more. That is why we are trying to look into the future for up to one hundred years ahead.”

 

How do you know how old participants will become?

“We use the prediction of the average life expectancy provided by the Dutch professional association of actuaries and data of the Dutch Central Statistical Office. A Dutch person retiring now, still has about twenty years to go. But we adjust that information specifically to every pension fund based on data in our own administration. The officials of ABP, for example, appear to live approximately three years longer than the national average after they retire. Construction workers at BpfBOUW equal the average figures.”

 

Do you also calculate the individual pension payments?

“No, but we do calculate the basis for the independent payments. We use a computer system to calculate the individual pensions.”

 

What is the biggest challenge in your work?

“To predict the distant future, using a lot of mathematics and statistics. And to then explain the outcomes to the management of a pension fund. The same applies to the impact on the coverage ratio and the pension contribution when a management team is looking to change its policy. Or when employers and employees want to change a pension scheme.

What I enjoy the most is being able to transfer that information properly. If they are able to make their decisions using our data. It also pleases me when I see the face of colleagues light up and they say: Now I get it.”

Volgende publicatie:
José Meijer appointed as member of the Supervisory Board of APG Group

José Meijer appointed as member of the Supervisory Board of APG Group

Published on: 20 May 2020

José Meijer has been appointed as a member of the supervisory board of APG Group (APG), the largest pension provider in the Netherlands, as of 5 September 2020. The shareholders approved the nomination of José Meijer by APG's supervisory board. The APG works council has an enhanced right of recommendation for this nomination and has been closely involved in the search process. José Meijer succeeds Edith Snoeij, who retired from the supervisory board after eight years.

 

José Meijer has held various (board) positions in the past forty years within the trade union, government, addiction care and the pension sector. José Meijer has been vice-chairman of the ABP pension fund since 2013, a role she will fulfill until the beginning of June 2020. As of 2014 she is a member of the general board of the Pensioenfederatie. Since April 2020, she has held the acting chairmanship of the Pensioenfederatie. She is also a member of the FNV pension team. José Meijer studied organizational sociology and science at the University of Leiden.

Pieter Jongstra, chairman of the supervisory board of APG: “With José Meijer, we welcome a very passionate and expert member of the supervisory board. In her career she has obtained thorough knowledge in the field of pension and has extensive experience as a director and supervisor. Her extensive network and good reputation with social partners and unions will certainly come in handy in the coming years, in which APG is expected to play a major role in further developing the new pension system and contract. We look forward to a pleasant cooperation. ”

 

Martijn Kleijer, chairman of the APG works council: “In recent years, it has become apparent that the works council can better represent the interests of its stakeholders if it makes use of relationships with various stakeholders, including the supervisory board. The Works Council is pleased to have found a candidate who has extensive experience in the sector and who fits perfectly in the role of a Commissioner in terms of signature, whereby the Works Council can apply its enhanced right of recommendation. José Meijer recognizes the importance of regular sounding boards with the works council and has indicated that she wants to fill in the supervisory board together with the works council. The works council is looking forward to a pleasant and constructive cooperation. ”

 

As of September 5, 2020, the supervisory board of APG is composed as follows: Pieter Jongstra (chairman), Dick van Well (vice chairman), Roger van Boxtel, Maes van Lanschot, Claudia Zuiderwijk and José Meijer.

 

Read here the PRESS RELEASE

Volgende publicatie:
René Steenhart Managing Director Business Improvement and Change

René Steenhart Managing Director Business Improvement and Change

Published on: 30 April 2020

René Steenhart (56) has been appointed Managing Director Business Improvement and Change at APG, the largest pension provider in the Netherlands, as of 1 May 2020. In this role he will be responsible for managing the total and integrated Change organization for APG for the benefit of Participant & Employer Services, Pension Fund Services and Staff departments. René will, among other things, be involved in the further implementation of Value Streams within APG. He will also lead the transformation to the new way of working.

 

Over a period of more than 20 years, René has held various senior management positions at Rabobank in complex, international environments. In these roles, he has gained extensive experience in leading large-scale change programs at the intersection of Operations, IT, Finance and Risk. Rene was appointed Director of Operations Wholesale & International, CIOO Asia & North America in 2008. Between 2015 and 2018, he was also CEO of RaboHypotheekBank. His last positions before his appointment at APG were Director Operations Finance Private Individuals and Companies and CFRO / COO at RaboGroenBank. René followed various courses in the field of IT and management and in 2006 obtained an Executive MBA at Nijenrode University. René is married and has four children.

Volgende publicatie:
Anne-Marie Le Doux starts May 1 as head of GroeiFabriek APG

Anne-Marie Le Doux starts May 1 as head of GroeiFabriek APG

Published on: 15 April 2020

Anne-Marie Le Doux-Janssen starts this May 1 as head of APG’s GroeiFabriek. Le Doux currently holds the position of head of Agile Center for Enablement at APG and previously worked at APG in IT, change and HR positions. She studied International Business and Change Management at the Maastricht University. She succeeds Inge Murrer.

 

The GroeiFabriek was launched in 2015 to enhance innovation within APG and across the pensions industry. Now, five years later, the focus shifts from technological and exploratory experiments with a longer term horizon to experiments providing business value for APG and its fund clients in the medium-term and focus, among other things, on the new pension contract and innovations regarding the needs of participants, employers and funds.


Francine van Dierendonck, member of APG’s executive board and responsible for Participant and Employers Services (Deelnemer- en Werkgeversservices -DWS), Strategy and Communications: “APG is transforming from an administration-oriented organization into a participant-oriented organization: a controlled pension provider that is continuously improving and innovating with the needs of the participant in mind. We want to be perceived as a reliable guide, offering people accessible insight into their income now, in the near future and later on. By giving more focus, the GroeiFabriek will contribute more concretely to our strategy and the strategic themes. Executive power and co-creation in partnerships are important priorities in this respect. This way we are prepared for the future that will be characterized by the changes in the pension contract and the pension scheme. I am extremely pleased that Anne-Marie will be strengthening DWS and the GroeiFabriek. Given her knowledge and expertise, drive and attention to people, she is the right person to build upon the success of the GroeiFabriek and to take it forward to the next stage with a renewed focus.”


Anne-Marie Le Doux-Janssen: “I am very keen on making a concrete contribution that is felt by our clients directly. And that’s possible at the GroeiFabriek where we experiment with new products, processes and services in order to continue our delivery of added value for our participants, employers and funds.”

 

Volgende publicatie:
Pieter Jongstra new chairman of the APG Supervisory Board

Pieter Jongstra new chairman of the APG Supervisory Board

Published on: 27 January 2020

Pieter Jongstra RA (63) has been unanimously elected as new chairman by the Supervisory Board of APG Group NV (APG). He succeeds Jaap van Manen, who resigned as chairman on 1 January 2020. In recent weeks, Jongstra has been the acting chairman of the supervisory board. APG manages €534 billion euros in pension assets for various pension funds and ensures that 4.6 million participants can be confident that their accrued pension rights are properly invested, administered and paid out.

 

Pieter Jongstra has been a member of the APG Supervisory Board since February 2015. He has worked for EY for a large part of his career, of which more than 14 years in (inter)national management positions. From mid-2015 to mid-2018, Jongstra was chairman of the Dutch professional organization of accountants (NBA). He holds various other positions. He is a member of the board and treasurer of Foundation Support The Netherlands Back Society and member of the Supervisory Board of Mazars NV and of CZ.

 

Dick van Well, vice-chairman of the APG Supervisory Board: “With Pieter Jongstra we get a very experienced and knowledgeable chairman of the supervisory board. He has been a member of the Supervisory Board for a long time and has extensive knowledge of APG and the rapidly changing environment. He also has a good relationship with the board of directors. We look forward to a pleasant continuation of the collaboration.”

 

The Supervisory Board of APG Group is now composed as follows: Pieter Jongstra (chairman), Dick van Well (vice-chairman), Roger van Boxtel, Maes van Lanschot, Edith Snoeij and Claudia Zuiderwijk.

Volgende publicatie:
APG appoints Marjolein de Jongh as Managing Director Strategy & Change

APG appoints Marjolein de Jongh as Managing Director Strategy & Change

Published on: 20 January 2020

Marjolein de Jongh was appointed as Managing Director Strategy & Change at APG Groep NV, the largest pension administrator in the Netherlands, on 20 January 2020. In this role she is responsible for the further development of the vision, strategy and long-term goals of the company. In addition, she will further design and implement the change strategy, in line with APG's new positioning. Marjolein reports directly to member of the executive board Francine van Dierendonck.

 

Marjolein has extensive experience  in the field of large-scale strategy projects  and transformations in the banking sector. She has held various international management positions at Royal Bank of Scotland, ING and Standard Chartered Bank over the past 15 years. Before that she worked at the Dutch central government in various strategic policy positions. Her last role was Global Head of Trade Transformation at HSBC. Marjolein studied art history at the University of Amsterdam.

 

Francine van Dierendonck, member of the exective board of the APG Group, responsible  for Strategy & Change, Corporate  ommunication, Innovation and Participant and Employer Services (DWS) said “Our sector is changing and APG, as the largest pension provider, wants to help shape this. After all, pension is about people, about life and about living together. We want to ensure that not only we, but also our parents and children have a good income for now and later. As an authority in the field of pensions and participants, we can make a difference, provided we make clear strategic choices and the organization becomes more agile.

 

I am confident that Marjolein, with her experience in the field of strategy and change management, will make an important contribution to achieving these goals. I look forward to our collaboration.”

Volgende publicatie:
Jaap van Manen steps down as member and chairman of the APG Supervisory Board

Jaap van Manen steps down as member and chairman of the APG Supervisory Board

Published on: 7 January 2020

Jaap van Manen has decided to step down as member and chairman of the supervisory board of APG as of January 1. This is due to personal circumstances. This role of chairman will be assumed by Pieter Jongstra, the current vice-chairman of the supervisory board. Van Manen acted as chairman since 1 January 2019.

 

The supervisory board is considering the permanent fulfillment of the role of chairman.

 

On behalf of APG, the supervisory board would like to thank Jaap van Manen for his commitment to APG.

 

The Supervisory Board of APG as of January 1 2020 will be composed as follows: Pieter Jongstra (acting chairman Roger van Boxtel, Maes van Lanschot, Edith Snoeij, Dick van Well and Claudia Zuiderwijk

Volgende publicatie:
APG appoints Pieter Borsboom as Director Communications

APG appoints Pieter Borsboom as Director Communications

Published on: 11 December 2019

Pieter Borsboom (52) has been appointed Managing Director Group Communications & Branding by APG's executive board as of 1 February 2020. In this position he will report to Francine van Dierendonck, member of the executive board of APG and responsible for Communications. He succeeds Eric Heres, who held this position on an interim basis from mid-2017. Borsboom is currently working as a Brand & Communication manager at Univé.

 

Borsboom studied Economics at Erasmus University Rotterdam and subsequently worked as a communication consultant at CMC and Euro RSCG Bikker and was managing director at Tappan Communicatie. He then worked as an interim communication manager at ING, ABN AMRO, UWV and ProRail, among others. Since 2013 he has been working as Brand and Communication Manager at Univé.

 

Read the press release here.

Volgende publicatie:
Francine van Dierendonck in NRC: 'Women are under-represented everywhere.'

Francine van Dierendonck in NRC: 'Women are under-represented everywhere.'

Published on: 8 November 2019

APG is different. It has two women and a “diversity officer” (a man) on the 5-member supervisory board and it adjusted the wage gap last summer. “This is a priority for us. We are way ahead of the commercial world.”

Francine, member of the supervisory board, who is responsible for the business component of Participant and Employer Services, and who was recently presented as a commissioner by engineering firm Royal Haskoning, also talks about her career step, from Marktplaats, Miss Etam and Xenos to APG, about diversity and about the sexist and inappropriate comments she still has to deal with inside and outside of the board rooms, in her interview with NRC.

And while talking about the usefulness of a women’s quota for top positions, she also overturns the counter argument that women that get to the top due to a quota are seen as token women. “That’s just nonsense. Then you’re missing the essence of why you would temporarily employ such a measure - and it must be temporary; 8 years, or, for example, two terms. It is to create an equal playing field and to break through an old pattern, by increasing opportunities for a group that is currently being insufficiently promoted and is under-represented in the top. We really must get rid of the idea of the token women.” 

 

“My motto is: focus your energy on what you can change, how you can make an impact. Saying you don’t like something doesn’t count.”

 

Read the entire Dutch interview with Francine van Dierendonck in the NRC here.

Volgende publicatie:
Wendela van Uchelen appointed as General Counsel APG Group

Wendela van Uchelen appointed as General Counsel APG Group

Published on: 17 May 2019

Wendela van Uchelen has been appointed General Counsel APG Group as of May 1st, 2019. In her job, which is new to the organization, she will lead the APG Legal department. The Group ‘Legal and Corporate Affairs’ departments will be integrated into this.

 

Wendela van Uchelen (1966) used to be General Counsel at the Dutch Railways before this job. Before that job, she had comparable jobs at Danone, Numico and BP, both in the Netherlands and abroad. She studied law in Amsterdam and Cambridge, England. After her study, she started at Nauta Dutilh as a lawyer. She is member of the supervisory board of PZEM and member of the Board at Kids Rights.

 

Gerard van Olphen, Chief Executive Officer at APG Group: “Because of the complexity of the supervisory bodies both at APG and outside APG, we need a strong and cohesive Legal job that secures both internal and external governance. We are very happy that Wendela wants to lead this new department and takes responsibility for an optimum execution of it. With her study and broad experience, she has all she needs to make this a success at APG. I'm looking forward to working with her.”

Volgende publicatie:
a.s.r. completes acquisition Loyalis

a.s.r. completes acquisition Loyalis

Published on: 1 May 2019

ASR Nederland N.V. (a.s.r.) has completed the acquisition of Loyalis. All the conditions set to the acquisition have been met, such as the declaration of no objection from the Dutch Central Bank and the approval of the Netherlands Authority for Consumers & Markets. The works councils of a.s.r. and APG have issued a positive advice.

 

a.s.r., Loyalis and APG announced last December that a.s.r. acquired Loyalis. Loyalis’ Non-life insurance business will remain in Heerlen and continue to offer products under the name Loyalis. a.s.r. intends to expand Loyalis further as a specialist income insurer. Customers of Loyalis will get access to additional services in the field of sustainable employability through a.s.r.’s knowledge and partnerships in the areas of vitality, prevention and reintegration guidance. In the future, a.s.r. will also continue to collaborate with APG in the areas of knowledge sharing, product development and customer services. a.s.r. has meanwhile started the preparations for the integration of Loyalis’ Life activities. The full integration will be on a phased basis and is expected to be completed by 2020 at the latest.

 

Jos Baeten, CEO a.s.r.: “This acquisition in is line with the core of our strategy. With the De Amersfoortse brand, a.s.r. plays a leading role in the field of disability insurance, with a focus on sustainable employability. The acquisition of the complementary portfolio of Loyalis strengthens a.s.r.’s market position and offers new opportunities for further growth in new segments. Customers of Loyalis can be assured that the services and the solid business operations will continue unabated and I welcome the Loyalis colleagues to a.s.r.”

 

Gerard van Olphen, chairman of APG Group: “With the completion of the acquisition of Loyalis by a.s.r., a new phase has begun. Both for everyone at Loyalis and for us. We have mixed feelings about this disposal. On the one hand because we have worked together well for many years and in a pleasant atmosphere; on the other hand because it is a deliberate strategic choice to sell Loyalis. APG will be focusing more on its primary tasks such as pension administration and asset management for our pension funds. With the transition to a.s.r., the continuity and certainty for customers of Loyalis has been safeguarded. Through a partnership agreement we continue to be connected with a.s.r. and Loyalis and we are looking forward to this collaboration. We thank everybody at Loyalis for their efforts over the past years and wish them success in the future.”

Volgende publicatie:
Jaap van Manen appointed as chairman of APG Supervisory Board

Jaap van Manen appointed as chairman of APG Supervisory Board

Published on: 20 December 2018

Prof. Jaap van Manen has been appointed by the shareholders of APG Group as chairman of the Supervisory Board of APG Groep NV, the largest pension provider in the Netherlands, with effect from January 1, 2019. He succeeds Bart Le Blanc, who resigned as chairman of the Supervisory Board in July, at the end of his term. Pieter Jongstra, Vice-Chairman of the Supervisory Board, took over the tasks of Le Blanc during the intervening period. The appointment of Mr. Van Manen is valid for a period of four years and has been approved by DNB. APG manages 485 billion euros in pension assets and ensures that over 4.5 million people can trust that their accrued pension rights are appropriately invested, administered and paid out. 

 

Jaap van Manen (1950) is a partner at the Strategic Management Center, which deals with issues relating to corporate governance, strategy and processes in the boardroom. He focuses on directors, supervisory directors, shareholders and other stakeholders. His seniority and expertise in the aforementioned areas made him the ideal chairman of the Corporate Governance Code Monitoring Committee, who in recent years was working on a revision of the code for good corporate governance.

Van Manen is also chairman of the Code Good Governance Committee of the Association of Universities (VSNU), member of the Supervisory Board of Bornet Groep Rotterdam BV, board member of the Society and Security Foundation, board member of the Endowment Foundation at the Museum Boijmans van Beuningen and emeritus professor of corporate governance at the University of Groningen. Jaap van Manen was vice-chairman of DNB's supervisory board until 1 October.

He graduated as a registered accountant at the University of Groningen and obtained a PhD in economics from the same university. Jaap van Manen worked almost his entire career for PwC (and its legal predecessors). Before Coopers & Lybrand merged with Pricewaterhouse, he was chairman of Coopers & Lybrand Accountants Nederland. After the merger he became chairman of the Financial Services section.

Pieter Jongstra Vice-Chairman APG Supervisory Board: "I am delighted that we have such an experienced and expert chairman of our Supervisory Board. Jaap van Manen has extensive knowledge and an excellent reputation in the field of corporate governance, company law and financial supervision. He also has broad experience as a director and supervisory director. We look forward to working with him."

Effective January 1, 2019, the Supervisory Board of APG Group will be composed as follows: Jaap van Manen (chairman), Pieter Jongstra (vice chairman), Roger van Boxtel, Maes van Lanschot, Edith Snoeij, Dick van Well and Claudia Zuiderwijk.

Volgende publicatie:
Francine van Dierendonck appointed to APG's Executive Board

Francine van Dierendonck appointed to APG's Executive Board

Published on: 1 November 2018

Francine van Dierendonck (42) has been appointed to the Executive Board of APG Group NV (the largest pension administrator in the Netherlands) effective November 1st 2018. She will be responsible for ‘Participant and Employer Services,’ a new portfolio within the APG Executive Board. This appointment sees the board expanded from four to five members. ‘Participant and Employer Services’ was created to support the expected changes to the role of participants and employers in the pension system. Key elements of its role include providing information, advice and support for employers and participants.In light of the fact that services in this field are still being developed, she will also be responsible for the portfolio ‘Innovation & Ventures, which is part of ‘Participant and Employer Services’. The appointment is for a period of four years and has been approved by supervisors. APG Group manages 485 billion euro in pension assets and ensures that over 4.5 million people can trust that their accrued pension rights will be invested, administrated and paid out correctly.

 

Francine van Dierendonck was the CEO of Xenos from 2016 until May 2018. After university, she started off her professional career as a strategy consultant with Boston Consulting Group in 2000. Following that, her career included positions for eBay and Marktplaats as marketing director, for Philips as a Senior Director responsible for the direct to consumer-channel and digital strategy, and for Etam Group as Chief Commercial Officer and CIO. Van Dierendonck studied biotechnology at Wageningen University and Delft University of Technology. She and her partner have three sons together.

 

Gerard van Olphen (Chair of APG's Executive Board): “Our assignment is to achieve the highest possible return at the lowest cost for our pension funds and their participants, and to communicate clearly about our efforts. No matter the shape of the new pension system, the latter aspect, clear communication, will certainly become even more important than before. In part because participants and employers are expected to have to make more independent choices about their income for later. That is why it is a good thing Francine will be handling this important new portfolio. With her appointment, we are adding a different type of knowledge and experience to our Executive Board as well as making it more diverse and decreasing the average age. I look forward to working with Francine.”

 

Pieter Jongstra (acting Chair of APG's Supervisory Board): “APG is among the best investment institutions in the world. Our pension fund clients rightfully have strict requirements for our investment activities, but they are increasingly focused on pension communications as well. Key elements in this regard include providing information, advice and support to employers and participants. Given that services in this field are still being developed, Innovation & Ventures is also part of this portfolio, as it focuses on experimentation and innovation. That is why we are happy we were able to appoint Francine van Dierendonck. She has extensive experience in the consumer market and relevant digital developments. We consider the fact that she hails from outside the industry, combined with her retail and digital experience, as a significant advantage.”

 

Francine introduces herself...

Volgende publicatie:
Award for APG's customer care manager

Award for APG's customer care manager

Published on: 4 October 2018

Rob Krijgsman, manager of APG's customer care center, can call himself Contact Center Manager of the Year 2018. During an exciting final on October 3rd in which four nominees presented themselves to the public and a seven-person jury, Krijgsman was unanimously chosen as the winner. According to the jury, he is "an inspiration for the sector that knows how to apply innovation in daily practice."

 

The CCMA Awards - Manager of the Year is an annual event with the aim of putting the best and most progressive customer contact manager in the spotlight. An extensive selection and presentation round preceded the election of Krijgsman. A jury of seven experts selected APG's customer care center from a longlist of 85 nominations. After an intake interview and wuestionnaire, a top 10 was finally reached. These 10 candidates took part in the semifinal, after which the jury announced the 4 finalists. During the final evening, 4 finalists presented themselves to the jury and the 130 customer contact specialists present for the last time.

 

In his acceptance speech, the winner especially praised his team. "I've said it often lately, but without a good team you are nowhere. I am therefore very proud of the collective performance that we have delivered as a team and how we have gone through in the past period. "

Volgende publicatie:
Peter Branner appointed CIO of APG Asset Management

Peter Branner appointed CIO of APG Asset Management

Published on: 31 July 2018

APG Asset Management has appointed Peter Branner (54) as Chief Investment Officer (CIO) starting September 1st 2018. In this role, he will be responsible for the overall investment operations and further optimize sustainable and long term returns in line with the APG strategy. Branner will report to Ronald Wuijster, CEO of APG Asset Management and member of the Executive Board of APG Group responsible for asset management. The appointment of Peter Branner, as of September 1 2018, has been approved by AFM. APG Asset Management is part of APG Group NV, the Netherlands’ largest pension delivery organization. APG Group manages €479 billion in pension assets and ensures that over 4.5 million people can be confident that their accrued pension rights are being invested, administered, and paid out correctly.

 

Peter Branner has more than 25 years of investment experience. Before joining APG, he served as CEO/CIO of Swedish SEB Investment Management in Stockholm. In this role he was responsible for the overall investment process at the firm and its broad range of funds and institutional mandates covering all major asset classes with in excess of  €100 billion in assets under management. Previously, Peter was CIO at Fortis Investments’ Multi Management Division in London. Before that role, he served as Managing Director of IKANO Fund Management in Luxembourg and held other investment positions within the IKANO Group. Peter Branner graduated from Copenhagen Business School with a BSc in economics and a MSc in business administration.

 

Ronald Wuijster, CEO of APG Asset Management and member of the Executive Board of APG Group responsible for asset management: “At APG, we believe in good pensions in a sustainable world. Over the past years we have managed to realize very good investment returns. These results are crucial in order to pay participants’ pensions today and in the future. After all, of every pension euro that is paid, some 80 cents are realized by return on investments. At the same time, we are working closely with pension funds to make our investing activities more sustainable every day. I am very happy that Peter Branner is now joining our team as CIO and I am looking forward to continuing our work in achieving our ambitious goals together.”

 

Bart Le Blanc, Chairman of the Supervisory Board at APG Asset Management “APG is among the top investment institutions in the world with over €479 billion in pension assets under management. Our pension fund clients and their participants expect our investment activities to be top notch. This is why we are pleased with the appointment of Peter Branner, a seasoned executive in our field. He has broad international experience in the area of long-term investing and we are therefore fully confident that he is the right person to make the difference for our funds and their participants when it comes to asset management.”

Volgende publicatie:
Bart Le Blanc steps down as Chair of Supervisory Board APG Group

Bart Le Blanc steps down as Chair of Supervisory Board APG Group

Published on: 20 July 2018

As of July 22, Bart Le Blanc (71) is stepping down as Chair of the Supervisory Board of APG Group. He had been on the Supervisory Board since 2014, and is finishing his term as scheduled. Until a successor is appointed, Vice-Chair of the Supervisory Board Pieter Jongstra, will temporarily carry out his tasks. Bart Le Blanc will remain a member of the Supervisory Board of APG Asset Management, and will be installed as Chair of that Board on July 22.

After this change, the Supervisory Board of APG Group will consist of: Pieter Jongstra (acting Chair), Dick van Well (acting Vice-Chair), Edith Snoeij, Maes van Lanschot, Claudia Zuiderwijk, and Roger van Boxtel.

The Supervisory Board of APG Asset Management consists of: Bart Le Blanc (Chair), Maes van Lanschot (Vice-Chair) and Knut Kjaer.

Volgende publicatie:
Knut Kjær in supervisory board APG Asset Management

Knut Kjær in supervisory board APG Asset Management

Published on: 16 April 2018

The general meeting of shareholders of APG Asset Management has appointed Mr Knut Kjær (1956, Norwegian nationality) as a member of the Supervisory Board of APG Asset Management for a four-year term. His term will start on April 11, 2018.

 

APG Asset Management is delighted to announce the appointment of Mr Knut Kjær as member of its Supervisory Board. APG Asset Management manages about € 475 billion for Dutch pension plans. APG Asset Management is a licensed investment manager authorised by AFM under the AIFMD and has its own Supervisory Board.

 

Mr Kjær has extensive international experience in the world of finance and of asset management in particular. Mr Kjær obtained a master degree in Economics from the University of Oslo. From 1997 to 2008, he was the founding CEO at Norges Bank Investment Management. In that capacity he was responsible for the operational management of the Norwegian sovereign wealth fund and the management of the bulk of Norway’s foreign reserves.
In recognition of his contributions to the management of the Government Pension Fund, the Norwegian economy and the future financing of pensions, he was knighted by King Harald of Norway in 2008.


Since 2011 he is Chairman and partner at FSN Capital Partners, a Nordic private equity firm. Since 2017 he is Chairman of Sector Asset Management. Mr Kjær currently holds advisory positions with, among others, the Government of China Investment Corporation and the Monetary Authority of Singapore. From 2008 to 2016, Mr Kjær was a member of the ABP Investment Committee.

 

The Supervisory Board and Management of APG Asset Management have stated:
“The Supervisory and Management Boards are very happy with Knut’s arrival as new Supervisory Board member given his renowned expertise and experience in the area of top class investment management. We are convinced that he will contribute in a significant way to the governance of APG Asset Management. Due to his substantial prior experience with our company as a member of the ABP Investment Committee he can hit the ground running. We look forward to working with him.”  

 

After the appointment of Mr Kjær, the Supervisory Board of APG Asset Management will consist of: Maes van Lanschot, chairman, Bart Le Blanc, vice chairman, Knut Kjær, member.

Volgende publicatie:
Ronald Wuijster appointed member of APG’s Executive Board

Ronald Wuijster appointed member of APG’s Executive Board

Published on: 5 April 2018

Ronald Wuijster (51) has been appointed member of the Executive Board of APG Group NV. He is responsible for the asset management portfolio and as such is ultimately responsible for advising on and implementing the investment policy of the pension funds serviced by APG. The appointment of Ronald Wuijster is for a four-year period and has been approved by the regulator. Alongside his role as member of the Executive Board, he is also Chairman of the Board at APG Asset Management. The APG Group manages €475 billion in pension assets and ensures that over 4.5 million people can be confident that their accrued pension rights are being invested, administered, and paid out correctly.

 

Ronald Wuijster has some thirty years of experience in the investment world, including twenty years in executive and managing director roles. He has held a number of top positions at APG since 2006, including Managing Director Strategic Portfolio Management and Chief Investment Officer. Since mid-2017 he has served as deputy member of the APG Group’s Executive Board responsible for the asset management portfolio. Before joining APG, he held various managing directorships at Robeco, in the areas of corporate strategy, development, and research, among others. Wuijster studied business economics and law at Erasmus University, Rotterdam. Ronald Wuijster is married and has three children.

 

Gerard van Olphen, Chairman of the APG's Executive Board: “We have the task of achieving the highest returns at the lowest cost for our pension funds and their participants. Over the past several years we managed to realize a good return on our investments. That is a requirement in order to be able to pay participants’ pensions today and in the future. In the meantime, we are working hard with the funds to make our investing activities even more sustainable. And that is precisely why I’m glad that Ronald is joining our Executive Board. I am really impressed by his knowledge when it comes to sustainable investing and asset management. I am proud that we are wel coming someone from our own organization onto the Executive Board.”

 

Bart le Blanc, Chairman of the Supervisory Board: “With €475 billion in pension assets under management, APG is among the top investment institutions in the world. Our pension fund clients expect high standards in our investment activities—and rightly so—with sustainability as the core theme. That is why we are pleased to be able to appoint Ronald Wuijster. He has unique knowledge in the area of long-term investing and is attentive to the quality of the investment process. We are therefore fully confident that he is the right person to make the difference for our funds and their participants when it comes to asset management.”

 

With the appointment of Ronald Wuijster as  member of the executive board of APG Group, there is a vacancy for the position of CIO at APG Asset Management. The search for a successor is in an advanced stage.

Volgende publicatie:
APG sells Inadmin to RiskCo

APG sells Inadmin to RiskCo

Published on: 28 March 2018

APG Group will sell Inadmin, the DC pension administration subsidiary, to RiskCo. Inadmin's activities no longer fit the strategic course of APG. RiskCo will take over all activities of Inadmin. An agreement for this transaction has been signed on Friday 23rd March. Closing is expected at the end of May after approval of the applicable bodies.

 

RiskCo, founded in 2005, develops systems for managing long-term, complex administrations such as those of pension funds and life insurers. Initially, the company sold these solutions to pension fund - and insurance administrators.

 

Wim Henk Steenpoorte, COO and member of the Board of APG said: we are glad to announce this transaction which will create a solid and progressive company. This is good for the clients and personnel of Inadmin. APG will continue to serve their larger pension fund clients with class leading and innovative investment and administrative and customer service solutions. There will be no redundancies as result of this transaction, location will remain Amsterdam.

 

About RiskCo

RiskCo developed systems for managing complex, long-term administrations of pension funds and life insurers and is positioning itself as the high-tech, low-cost alternative to in-house pension administration. RiskCo has brought down the cost of maintaining these complex, always-changing administrations by applying its proprietary software and architecture to create 100% transparency. This allows for faster analysis, easier compliance reporting and better forecasting. RiskCo has 90 employees and has offices in the Netherlands, Canada and Portugal.

 

For more information please visit www.riskco.nl

Volgende publicatie:
APG appoints Marloes Sengers as Human Resources Director

APG appoints Marloes Sengers as Human Resources Director

Published on: 27 March 2018

Marloes Sengers (36) has been appointed Human Resources Director by APG's Executive Board from April 1, 2018. In this position, she is responsible for the company-wide HR policy of APG, fulfilling a crucial role in the current change process within pension provider APG.

 

In 2017, APG presented a new mission and vision, which was translated into a group-wide strategy. APG's ambition is that by 2025, pension and other funds, and their participants, will automatically turn to APG to secure their financial future. APG is working on its development toward realization of this ambition.

 

The engine of change are APG's employees. For that reason, the Executive Board selected an HR Director who is familiar with APG and successfully contributes to the change program. Marloes Sengers was the driving force behind The Making of You, the program designed to enable APG to improve the quality of its services by encouraging sustainable employability of its employees. The Making of You is one of the results of the constructive CLA negotiations conducted and completed in 2017. Marloes was in charge of the negotiations.

 

Gerard van Olphen, APG Group CEO: "In the coming years, we aim to make APG even more agile to ensure optimal service to our pension funds and their participants. The role of the HR Director is crucial in this respect. I am very pleased that we can appoint Marloes Sengers in this crucial position. I am also proud that we can fill this type of top position with our own talent. Marloes has already made a major contribution to our change process, and I am looking forward to continuing our collaboration with this top officer in her new role."

 

Marloes Sengers is currently the Human Resources Manager and joined APG in 2014. Before her transfer to APG, she worked for companies such as Delta Lloyd. She studied Law and Psychology at Utrecht University.

Volgende publicatie:
Annette Mosman APG's new CFRO

Annette Mosman APG's new CFRO

Published on: 23 October 2017

Today APG announced the appointment of Annette Mosman, upon completion of the transaction by Generali Netherlands, as the new Chief Finance and Risk Officer (CFRO) on the Executive Board of the APG Group (APG). She succeeds Angelien Kemna who's second term of appointment expired on 1 November 2017. The regulator has approved Annette Mosman's appointment.

 

Annette Mosman (1967) has extensive management experience in the financial sector. Since 2011, she has been a member of the Executive Board of the Generali Nederland insurance company; first as CFRO and since 2015 as CEO. From 2006 to 2009, as Associate Partner with KPMG Advisory, she was responsible for the CFO advisory services provided to major banks and insurance companies. Between 1997 and 2006, with KPMG Consulting (later Atos Consulting), she provided advisory services to companies in the financial sector on organizing an efficient and effective finance function. Between 1992 and 1997, as Auditor with KPMG Accountants, Annette audited major Dutch companies in various industries. Annette is a board member and treasurer of NOC*NSF, member of the Supervisory Board of Jeroen Bosch Hospital and member of the Supervisory Board of the Dutch Cancer Society (KWF). She is married and has three children.

Effective from the start of Annette, the Executive Board of the APG Group will be made up of Gerard van Olphen (Chairman), Annette Mosman (Chief Finance and Risk Officer), Ronald Wuijster (Acting Chairman Asset Management) and Wim Henk Steenpoorte (Chairman Pension Fund Services).

 

Gerard van Olphen, Chairman of APG’s Executive Board: "We are delighted with the appointment of Annette Mosman. Her extensive expertise and experience in the area of finance and risk management will be invaluable to APG. Working with Angelien over the past period has been more than pleasant. I have had the opportunity of getting to know her not only as a professional executive director, but also as a wonderful colleague. I am grateful to her for her support the past year."

 

Bart le Blanc, Chairman of APG's Supervisory Board: "APG and the Supervisory Board owe Angelien a debt of gratitude. As CEO of Asset Management she has made a major contribution to the further professionalization of APG's asset management organization and to the investment policy in line with the long-term objectives of our pension fund clients. As CFRO she further developed and made the Finance & Risk function of the APG Group future-proof over the past few years. The Supervisory Board also owes her a debt of gratitude for her readiness and leadership during the period when she temporarily assumed the chairmanship of the Executive Board at the beginning of 2016.  We are enthusiastic about Annette's arrival and wish her a great deal of success in her new role."

Volgende publicatie:
APG appoints Wim Henk Steenpoorte as a member of the Executive Board responsible for Pension Fund Services

APG appoints Wim Henk Steenpoorte as a member of the Executive Board responsible for Pension Fund Services

Published on: 21 September 2017

The Supervisory Board of APG Group NV (APG) announces that Wim Henk Steenpoorte has been appointed member of the Executive Board responsible for Pension Fund Services as of September 14. In this role, Wim Henk Steenpoorte will have a permanent seat on APG’s Executive Board. Wim Henk Steenpoorte has been appointed for a four-year term and has been approved by APG’s regulators and shareholders.

 

Pension administration and continuity of service provision to pension funds and their participants

In his role as member of the Executive Board in charge of Pension Fund Services, Wim Henk Steenpoorte is responsible for pension administration and continuity of service provision to pension funds and their participants. He is also ultimately responsible for ensuring that the pension administration and participant communication in the second pillar is carried out efficiently and effectively. His focus areas also include further reducing the complexity and increasing the efficiency of the operation.

 

Wim Henk Steenpoorte (1964) has extensive experience as a director in the world of finance and insurance. From 2015 to 2017 he served as an independent management consultant and supervisor. Between 2001 and 2015 he held various management and executive positions at SNS and VIVAT, including membership of the executive board (CTO and CEO, Insurance) during the last four years of this period. He fulfilled the role of interim Chief Operations Officer (COO) at APG since March 2017. Wim Henk Steenpoorte studied business administration and later completed a master’s degree in information management at the University of Amsterdam. Wim Henk Steenpoorte is married and has three children.

 

Maximum pension value

Gerard van Olphen, chairman of APG’s Executive Board: “We want to give participants in pension funds maximum pension value. That is why we will be setting up our pension administration and communication even more effectively and efficiently in the years to come. Wim Henk Steenpoorte is better suited than anyone to take on this important task and put the focus on the interest of the participant.”

 

Bart Le Blanc, chairman of APG’s Supervisory Board: “In Wim Henk Steenpoorte, APG gains an extremely experienced and skilled director. After a meticulous procedure, Wim Henk Steenpoorte emerged as the best candidate. The stability and continuity in the management of the pension administration and participant communication is very important to us. Further improvements in efficiency are also needed, without any compromise on quality. We are fully confident that Wim Henk Steenpoorte is the right director to take on these challenges.”

Volgende publicatie:
APG’s Marta Jankovic new Chair of Invest Europe

APG’s Marta Jankovic new Chair of Invest Europe

Published on: 23 June 2017

Last year, European private equity fundraising for investment into companies across Europe hit its highest level since 2008 last year at €74.5 billion, according to Invest Europe data released in May. Pension funds accounted for over a third of the capital raised.

 

Jankovic oversees the environmental, social and corporate governance (ESG) integration within APG’s private equity investments, and also focuses on investment solutions that contribute to the UN Sustainable Development Goals. She is a frequent conference speaker and commentator on alternative investments. As a member of Invest Europe’s Board of Directors and Limited Partners Council for investors, and former Chair of its Responsible Investment Roundtable, she has helped to promote ESG best practice across the industry.

 

“Invest Europe brings private equity fund managers and investors together to provide world class resources for the industry, including promoting transparency and best practice for responsible investment,” said Jankovic. “I want to highlight the important role private equity can have on the environment and society at large and look forward to helping shape this key work area. I thank Gerry Murphy for his excellent leadership over the last 12 months.”

 

“This is the first time Invest Europe has had amajor institutional investor as its Chair and demonstrates the association’s commitment to representing the whole industry,” said Michael Collins, Chief Executive of Invest Europe. “Marta’s contribution to Invest Europe’s work on professional standards, investor reporting guidelines and responsible investment is invaluable and we are delighted that she has agreed to step into the role of Chair for the coming year.”

 

More information: IPE.com article APG fields first major institutional chair of private equity body

 

Volgende publicatie:
Eduard van Gelderen to leave APG

Eduard van Gelderen to leave APG

Published on: 19 May 2017

APG announces that Eduard van Gelderen will step down as Chief Executive Officer (CEO) of APG Asset Management and member of the Board of APG Group per August 1st, 2017, to join the University of California’s Office of the Chief Investment Officer.

 

In 2010, Eduard started at APG Asset Management (APG AM) as Chief Investment Officer for Capital Markets Investments. In September 2014, he took over from Angelien Kemna as CEO of APG AM, simultaneously joining the Executive Board of APG Group.

 

Gerard van Olphen, Chief Executive Officer of APG Group: “With the departure of Eduard, we will lose a top investor and an excellent colleague. Under his management, APG AM has produced EURO 100 billion in returns for our pension funds and their participants. We understand the attractive challenges of this new role in the US and we wish him good luck.”

 

Bart Le Blanc, chairman of the APG Group Supervisory Board: “The Supervisory Board is grateful for Eduard’s efforts for APG in the past years. The international cooperation projects and internal innovation programs he has encouraged, will serve APG for a long time.”

In the period until August 1st, Eduard and the Board of APG Asset Management will safeguard a careful and thorough transition.

Volgende publicatie:
The greatest investor in the Netherlands

The greatest investor in the Netherlands

Published on: 15 April 2017

Unfortunately, this article is not available in English.

Volgende publicatie:
APG appoints Wim Henk Steenpoorte interim COO

APG appoints Wim Henk Steenpoorte interim COO

Published on: 17 February 2017

APG Groep (APG) announces today Wim Henk Steenpoorte’s appointment as interim Chief Operations Officer (COO) as of March 1, 2017. Wim Henk Steenpoorte will be temporarily taking on Mark Boerekamp’s key tasks under the ultimate responsibility of CEO Gerard van Olphen.

 

Wim Henk Steenpoorte (1964) has extensive experience as an executive director in the financial and insurance world. He served as an independent management consultant and supervisory officer from 2015 to 2017. In the period 2001 to 2015, he held various management and board positions at SNS and VIVAT, where he served as a member of the executive board during the last four years of this period (CTO and CEO Insurer). Wim Henk Steenpoorte studied business administration and later received a master’s in information management from the University of Amsterdam. Wim Henk is married with three children.

 

Gerard van Olphen, Chairman of APG’s Executive Board said: “We are pleased to have been able to manage, in this short time frame, to find an expert executive director to fill this position in an interim capacity. I know him to be a strong and personable team player. His vast knowledge of operations, ICT, customer care, and change management in the financial industry will help us take the next step toward an even more participant and consumer-focused organization.”

 

Bart le Blanc, Chairman of APG's Supervisory Board, commented: “We went through the procedure for temporarily filling the position of COO quickly and carefully because we feel it is extremely important to ensure the stability and continuity of the management of pension administration and IT. We are fully confident that the appointment of the highly experienced Wim Henk Steenpoorte achieves this.”

Volgende publicatie:
Hans Rademaker intended Chief Fiduciary Officer at APG Asset Management

Hans Rademaker intended Chief Fiduciary Officer at APG Asset Management

Published on: 9 February 2017

APG Asset Management intends to appoint Hans Rademaker as Chief Fiduciary Officer (CFi). In this role, which is new to the organization, Rademaker will become a member of APG Asset Management's Management Board and will be heading up the new Fiduciary Department.

 

The creation of this department provides APG Asset Management with a function that translates client requirements into specific strategic proposals and mandates for tactical and operational asset management including the associated monitoring and feedback. In the light of new challenges inherent in the pension system and international financial markets, APG Asset Management considers this change in the organization structure essential. Hans Rademaker's definitive appointment is awaiting approval by the AFM.

 

Hans Rademaker has extensive international management experience in the field of asset management and pensions. Prior to this, he was Global CIO with the Robeco Group for the past six years. Before that he occupied the position of Managing Director Fiduciary Management at Kempen Capital Management. In addition, he worked for the pension provider MN for over thirteen years as Director of Investments. Rademaker studied business economics in Tilburg and later completed his post-doctoral studies in the field of investment management at VU University in Amsterdam. Hans Rademaker is married and has three children.

 

Eduard van Gelderen, CIO APG Group: "We are delighted about the intended appointment of Hans Rademaker as CFi. He brings a great deal of international experience with him. Furthermore, in the recent past he instituted fiduciary management at a large asset management company. As a result, he has all the experience and competencies required to make fiduciary management a success at APG Asset Management as well."

Volgende publicatie:
Mark Boerekamp, COO APG, to step down from the Executive Board of APG

Mark Boerekamp, COO APG, to step down from the Executive Board of APG

Published on: 8 February 2017

APG announced today that Mark Boerekamp, Chief Operating Officer (COO) is to step down from the Executive Board of the APG Group (APG).

 

Major changes in the area of communications, pension administration, and ICT are nearing completion, giving rise to a new phase within APG. Mark Boerekamp has decided that this is an opportune time for him to explore the next step of his career with a particular emphasis on digital transformation processes, technological developments, and other innovations, whether combined with entrepreneurship, or otherwise.

 

Significant progress has been made in recent years by Mark Boerekamp and others in laying the basis for reducing the administration costs per participant, creating an “agile” manner of working, plus technological and other innovations such as the Brightlands Smart Services Campus. This is an unique partnership between APG, the province of Limburg, and the University of Maastricht. Mark will continue to support APG in the coming period in the area of innovation and in the further development of the Brightlands Smart Service Campus. APG will nominate Mark as its representative on the Supervisory Board of this campus.

 

Mark Boerekamp’s tasks on the Executive Board will be performed in the interim by Gerard van Olphen. The Executive Board and the Supervisory Board respect Mark Boerekamp's decision and are grateful for the major contribution he has made to the firm and the achievements over the years under his leadership.

 

Gerard van Olphen, Chairman of APG’s Executive Board said: “We have made major strides in recent years in making the organization even more participant oriented. Mark’s expertise in the areas of innovation and technology have resulted in greater administrative efficiency and more effective communications with participants. We are thankful to him for his magnificent input over the years.”

 

Bart le Blanc, Chairman of APG's Supervisory Board, commented: “Since 2012, Mark has inspiringly and successfully headed up the process of upgrading the APG’s pension fund customer operations. We are really delighted with his ongoing involvement in the Brightlands Smart Services Campus and wish him every success in the next phase of his career.”

Volgende publicatie:
Dick van Well new Member of the Supervisory Board

Dick van Well new Member of the Supervisory Board

Published on: 21 November 2016

The General Meeting of Shareholders appointed Dick van Well as a new Member of the Supervisory Board (RvC) of APG Group NV. His appointment was approved by DNB. The appointment is for a four-year office term starting 14 November 2016. Dick van Well, born and residing in Rotterdam, has over 35 years of experience in various management positions at Dura Vermeer. He was the Chairman of the Management Board for many years, and later served as Chairman of the Executive Board. Since 2012, he is a Member of the Supervisory Board of Dura Vermeer Group NV. He is also a Member of the Supervisory Boards of Stedin Netbeheer BV and Multi Corporation BV.

 

Dick van Well has extensive experience in the private sector and in the construction sector in particular. His knowledge relating to strategic cost management, product development and marketing further contribute to the desired diversity in the composition of APG Group’s Supervisory Board. The appointment of a Member with direct affinity with the world of construction is important to us. After all, BpfBOUW is one of APG’s largest clients. The Supervisory Board is very pleased to have him on board, and expects him to provide a valuable contribution to the supervision of and advice to the Executive Board of APG Group NV.

 

With this appointment, the Supervisory Board of APG Group now comprises the following members: Bart Le Blanc (Chairman), Pieter Jongstra (Vice-chairman), Edith Snoeij, Maes van Lanschot, Roger van Boxtel, Claudia Zuiderwijk and Dick van Well.

Volgende publicatie:
On low interest rates, pension and ambition Gerard Olphen

On low interest rates, pension and ambition Gerard Olphen

Published on: 30 June 2016

In an interview in Het Financieele Dagblad is Gerard Olphen inter alia, the low interest rates, changes in the pension system and its goals at APG.

 

Gerard van Olphen: "Pension funds can not blame the European Central Bank of their problems. The interest rate would be low without the incentive of the ECB, which is disastrous for pension funds. Because the workforce is shrinking and economic growth is low in Europe, the rate is structurally low. ECB policy obviously does not help, but is not decisive. "

As regards the future pension Gerard notes the following: "I'm not there. Just like football Netherlands has 15 million in pensions coaches. However, it is up to the pension, social partners and politicians to decide how the system should look like. "

About what he wants to achieve with APG, he says: "Broadly three things we need to it on a daily basis, participants can follow their pensions. In addition, the asset must be adapted to the situation and requirements of the times. The last thirty years have achieved positive investment results despite the crisis, but the question is whether we can continue to do the same. I expect that we should invest directly in the economy, for example in infrastructure, to continue to get the same returns in a responsible manner. Finally APG up the capacity to change, in order to go along with the changes that await us. "

 

Read the full interview here (in Dutch).

Volgende publicatie:
Gerard van Olphen new CEO APG

Gerard Olphen new CEO APG

Published on: 27 January 2016

The Supervisory Board of APG Groep N.V. announces the appointment of Gerard van Olphen as the new Chief Executive Officer of APG Groep N.V. (APG) starting mid-March 2016. In this role, he will be responsible for all business activities of APG, which administers the pension schemes of 4.5 million people in the Netherlands on behalf of a number of large pension funds. The appointment of Gerard van Olphen is for a four-year period and has been approved by the supervisory authorities and APG’s shareholders.

Gerard van Olphen (1962) has occupied various executive and management positions in the financial sector over the last 25 years. In 2002, he was appointed Chief Finance and Risk Officer at Achmea, and became Vice-Chairman of the Executive Board in 2008. On request of the minister of Finance in 2013, he took up the role of CEO of the newly nationalised bank/insurer SNS Reaal, where he successfully completed the restructuring of the company. His latest position was Chief Executive Officer of VIVAT Insurance, which ended in September 2015.

Bart Le Blanc, Chairman of APG’s Supervisory Board said: “With Gerard van Olphen, APG will get an exceptionally knowledgeable and experienced executive officer. Together with his colleagues on the Executive Board, Gerard will need to steer APG through the coming years, when potentially far-reaching changes in the Dutch pension system will occur. These changes might trigger new requirements in the nature and the quality of APG’s services. With his extensive experience in the financial world, Gerard will be of great value to APG, our customers and their participants. We sincerely welcome Gerard and we look forward to an inspirational cooperation.”

 

Pay

To be able to recruit high quality leadership, APG needs to offer an attractive and balanced remuneration package. To determine this, APG uses a broad, carefully selected reference group, including the financial services sector and semi-public service organisations. The new CEO will receive a fixed salary and pension contribution, but no variable remuneration or bonus. The gross salary will be €500,000; the pension contributions will amount to €66,000. This represents a 10% decrease in salary level compared to the previous CEO of APG.