GLOBAL - APG, PASA, JP Morgan Asset Management, AXA IM, Green Investment Bank
APG - The Netherlands' APG Group has appointed Tjerk Kroes as its new director of Concern Strategy and Policy, starting 1 November. The appointment was announced by APG and by the General Governance Service of the Ministry of Internal Affairs. Kroes joins from the Ministry of Social Affairs and Labour, where he has worked for the past nine years.
Pensions Administration Standards Association (PASA) - Margaret Snowdon has been elected as the new chair of PASA, taking over from the previous chair, Penny Green, in August. She will hold her position for three years and be eligible for re-election for a further three. Snowdon is currently operations director of Lucida, a UK insurance company focused on the annuity and longevity business, where she specialises in service delivery and client management.
JP Morgan Asset Management - The asset management firm has appointed Linso Pals as client adviser for institutional clients. Pals - who joins from Morgan Stanley Investment Management, where he was most recently client relationship manager - started his new role yesterday. He will be based in Amsterdam and report to head of Netherlands institutional business Ronald Nagel. He will be responsible for continuing to build JPMAM's institutional presence in the country.
AXA Investment Managers (AXA IM) - Katrin Boström has joined the firm as head of Nordic sales, reporting to Irshaad Ahmad, head of UK and Nordics. In her new role, Boström, who will be based in Stockholm, will be responsible for building on AXA IM's presence in the region. She joins from Morgan Stanley Investment Management, where she was already based in Stockholm as executive director, head of sales and business development for the Nordic region.
Green Investment Bank - Penny Shepherd, chief executive of UKSIF, the sustainable investment and finance association, has been appointed to the UK government's advisory group for the Green Investment Bank. Shepherd has been UKSIF chief executive since 2005. She is also a lay member of the professional regulation committee of the Institute and Faculty of Actuaries. Prior to joining UKSIF, Shepherd was the chief executive of the London Sustainability Exchange between 2001 and 2005.