Rabobank pension fund looking for head of asset management

NETHERLANDS - The €10bn corporate pension fund of the Dutch Rabobank is looking for a head of asset management, the fund's managing director Jos Dirks told IPE.

Dirks said that the fund, which has its entire asset under management with Robeco via Interpolis, said: "The financial balance management is currently done completely by Interpolis and we want to draw this more in-house."

Accordingly, the fund is looking to appoint a head of asset management, who will take care of the fund's entire asset management.

With last year's sale of Interpolis, a former Rabobank insurance subsidiary, to Eureko's Achema, former employees which had previously worked for the pension fund went to Interpolis.  But now, "people have moved on to different posts and there is less affinity with the pension fund," Dirks said.

Since October last year the fund has been working on appointing a new board of directors, which has now been finalised, Dirks said.

Elsewhere, Cornelis de Krijger has been appointed as executive director at BNG Capital Management (BCM), the capital management arm of the bank for the Dutch public sector, the firm announced today.

De Krijger, who previously worked at the Dutch operations of Robeco and Schroders, took up his position from January 1.

Until now he has been asset manager at BCM, a 100% subsidiary of the Bank Nederlandse Gemeenten (BNG), which specialises in asset management for local authorities, housing corporations and other social institutions.

As of yesterday, the BCM executive board will consist of Bert de Kock, Joost Veldman and Cornelis de Krijger, the firm said.