The €375bn asset manager APG has appointed its current CIO Angelien Kemna as its new chief finance and risk officer, as of 1 September.

She will succeed Peter Kok, who has held the position on a temporary basis during the past 10 months.

Kemna is to be succeeded by Eduard van Gelderen, currently capital markets CIO at APG and Kemna’s co-director at APG Asset Management.

Kemna has been CIO at APG for five years.

“During this period,” said Elco Brinkman, supervisory chairman of APG, “Kemna has considerably increased simplicity and transparency in the investment process, and has combined this with solid returns for our customers.”

He added that APG’s assets under management had increased from €200bn to €375bn under Kemna.