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Friday people roundup: APG creates chief fiduciary officer position

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APG, ABP, Robeco, PGB, UWV, Spence Johnson, Willis Towers Watson, Northern Trust, Emory Investment Management

The €433bn Dutch pension manager APG is to appoint Hans Rademaker in a newly created position of chief fiduciary officer.

In his new role, Rademaker is to head a new department within APG, which it said will “translate client orders into concrete proposals for strategic allocation as well as mandates for tactical and operational asset management, including monitoring and feedback”.

According to APG, the asset manager for the large civil service scheme ABP, the adjustment of its organisational structure was necessary in order to address new challenges from the pensions system as well as international financial markets.

Rademaker has ample international board experience in asset management and pensions.

He joins from Robeco Group, where he was global CIO for the past six years. Prior to this, he was managing director for fiduciary management at Kempen Capital Management.

Rademaker also worked at the €115bn asset manager MN as director of investments.

He studied corporate econometrics at Tilburg University and investment management at Amsterdam’s Free University.

Eduard van Gelderen, APG’s CIO, said that Rademaker will bring in a wealth of international experience, including setting up fiduciary management at a large asset manager.

Rademaker’s appointment is subject to approval by the Netherlands’ financial markets supervisor.

Other moves this week:

PGB/UWV – The Dutch pensions sector has voted Jochem Dijckmeester young pension fund trustee of the year. Dijckmeester is board member of the €21.5bn Pensioenfonds PGB as well as the €6.3bn scheme for social security insurances UWV.

During the election – organised by the youngsters’ think tank Pensioenlab and research bureau Whyz – he came out on top of the other nominees: Anna Grebenchtchikova and Jochem Sluis, who are on the board of the pension funds for pharmacies’ staff and physiotherapists, respectively. During this year, Dijckmeester will act as an ambassador for the rejuvenation of pension funds’ boards.

Spence Johnson – The UK data and consultancy company has partnered with Nico Aspinall to help expand its defined contribution (DC) and retirement income work. He said the partnership would create “a formidable team available to asset managers seeking to improve their share of the DC market.

Aspinall left his role as head of DC investment consulting at Willis Towers Watson in June last year to set up his own consultancy.

Northern TrustMelanie Pickett has joined the custodian and services company to head up a new business line. As head of front office solutions, Pickett will seek to expand Northern Trust’s operational and technology services for asset allocators such as pension funds, sovereign wealth funds, endowments, and foundations.

She was previously chief operating officer at Emory Investment Management, which runs the $7bn (€6.5bn) endowment for Emory University in the US state of Georgia.

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