NETHERLANDS – Blue Sky Group, the manager of airline KLM’s pension assets, has named Orpa Bisschop as director.

Blue Sky, which has eight billion euros under management, said the 35-year-old Bisschop would remain its head of control and information management.

Bisschop’s position was created to comply with the requirements of the financial market regulator, the Autoriteit Financiële Markten. The AFM is the body that would grant Blue Sky a licence to offer asset management services to pension funds aside from KLM, said company general secretary Erik Voorhoeve.

“One of the regulations to comply with is that a licensee has at least two directors, the 'four eyes principle',” Voorhoeve stated.

The new director is to continue in her role while Blue Sky’s current general director, Han Thoman, remains in office, the company explained in a statement.

Blue Sky became independent of KLM in 1999. Last month it awarded a 200 million-dollar enhanced indexed mandate to Atlantic Asset Management.


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