NETHERLANDS - APG has promoted Claudia Kruse, former associate director at F&C Investment, as its head of corporate governance.

The €266bn asset manager, whose main client is the Netherlands' largest pension scheme ABP, appointed Kruse following the departure of Paul Frentrop at the end of last year.

Kruse joined APG two years ago as senior sustainability and governance specialist, having worked as an associate director in the governance and responsible investment team at F&C Investment.

She has also worked for JP Morgan, where she headed up environmental, social and governance research in London, and has published a number of articles on the topic of corporate governance and its relationship with executive renumeration.

She was named Rising Star of Corporate Governance by the Yale School of Management's Millstein Center for Corporate Governance and Performance in 2008.

Meanwhile, APG recently appointed Ronald Wuijster as chief client officer and Marcel Prins as chief information and technology officer, with Wuijster in charge of a new client management department.

Additionally, it announced Ton Berendsen would step down as chief financial officer and chief operational officer by the beginning of April.

The asset manager last month also announced the sale of private equity firm AlpInvest, which it owned jointly with PGGM, to a consortium of the firm's management and Carlyle Group.

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