GLOBAL - Dick Sluimers, chief executive of the €266bn asset manager and pension provider APG in the Netherlands, has been appointed as trustee of the International Financial Reporting Standards (IFRS) Foundation, the supervisory body of the International Accounting Standards Board (IASB).

The IASB, tasked with developing a worldwide accounting standard, will be chaired by Hans Hoogervorst - the present chairman of the Financial Markets Authority (AFM), the Dutch behavioural watchdog - as of 1 July.

Sluimers's appointment is for the period ending 31 December 2013, when he will be eligible for re-appointment.

According to APG, Sluimers will keep his position as executive chairman at APG, the asset manager and pension provider for the €237bn civil service pension fund ABP.

Previous Dutch trustees at the IFRS Foundation include Cor Herkströter, former chief executive of energy company Shell, and Gerrit Zalm, chief executive of ABN Amro bank and former finance minister.