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.