GLOBAL - Jan Straatman, global chief investment officer (CIO) for ING Investment Managers Europe, is to join Lombard Odier Investment Managers (LOIM) in the new year.
ING said that Mark Weber, currently a member of ING IM's management committee based in the US, had been appointed as Straatman's replacement in the interim, taking responsibility as CIO for Europe and Asia.
Straatman will return to London to work as the company's CIO - a newly created role - having previously spent two years in the UK while serving as chief executive and CIO of Axial Investment Management.
He will report to Lombard Odier managing partner Hubert Keller, who said of the appointment: "Jan's investment management experience will help us to generate significant scale while concentrating on the needs of sophisticated private and third-party clients as well as the most demanding of institutional investors."
Straatman added that he was delighted to be joining a company with an increased focus on absolute return investment solutions and said LOIM was different from other asset management houses for not pursuing a "me too" management approach.
The Dutchman has nearly 30 years of experience in the financial industry and has previously worked at Achmea Global Investors, PVF Pensioenen, GIM Capital Management and spent half the previous decade at civil service pension fund ABP, where he was its head of capital markets.
Weber, whose interim duties include chairing the company's global investment leadership team, joined ING in 2002 as global head of marketing, having held a similar position at Baring Asset Management.
Straatman, who assumes his new role in March next year, will continue advising ING until that point, the company said.
ING is in the process of restructuring its investment management business, having sold its real estate arm to CBRE. The new entity now trades as CBRE Global Investors.