Allan Polack has been appointed as a member of the Supervisory Board of APG Asset Management N.V., a subsidiary of APG Groep N.V., serving as Chairman. He has assumed the role as of 21 May, succeeding Knut Kjær, whose second term ended earlier this year. Polack’s appointment is for an initial period of four years.
Allan Polack (67) holds Danish nationality and has over 40 years of experience in international asset management and pension services. Since 2022, he has served as a non-executive member of the Board of Directors of Danske Bank. From 2015 to 2022, he was CEO of PFA Pension, Denmark’s largest commercial pension fund. He began his career in 1985 at Nordea, the largest financial institution in Scandinavia. From 2002 to 2008, he served as CEO of Nordea Life and Pensions, followed by his role as CEO of Nordea Asset Management from 2008 to 2015.
From 2016 to 2021, Polack was a non-executive member of the Board of the French asset manager La Banque Postale Asset Management. In addition, he has held various other positions, including an pension advisory role with the global asset manager BlackRock and a board position with the European Fund and Asset Management Association.
Polack’s appointment has been approved by the regulatory authorities. Earlier this year, Knut Kjær and Bart le Blanc stepped down as members of the Supervisory Board of APG Asset Management after serving eight and sixteen years respectively. As of 21 May 2026, the Supervisory Board consists of Allan Polack (Chairman), Constant Korthout and Sarah Russell.
Annette Mosman, CEO of APG Group NV, the shareholder of APG Asset Management, commented: “With Allan Polack, we welcome a highly experienced and knowledgeable member to the Supervisory Board of APG Asset Management. Throughout his career, he has gained extensive expertise in financial services, asset management and pensions, in both executive and supervisory roles. We look forward to a successful collaboration. At the same time, I would like to take this opportunity to express our sincere gratitude to Knut Kjær and Bart le Blanc, who stepped down from the Supervisory Board earlier this year, for their valuable commitment and their appreciated contributions over the past years.”