NETHERLANDS – Jan van Bakel has been named as the new director of investments with the e18.4bn Amsterdam based SFB Vermogensbeheer group, the third party asset management outfit created by the Dutch industry-wide pension fund for building workers.

The appointment follows the retirement last month of SFB’s former head of investments Martin Huibrechtse.

Huibrechtse left the fund after more than thirty years of service.

Van Bakel joins from the Rijswijk-based industry-wide pension fund for painters and decorators and will start his duties on July 1.