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.