The €273bn asset manager Robeco has appointed David Steyn as chief executive and chairman of the management board of Robeco Groep. 

Steyn will succeed Roderick Munsters (pictured), who announced his resignation earlier this month

The Rotterdam-based pure play asset manager said Steyn had more than 35 years of international experience in asset management, as well as in management, distribution and investment roles.

He was previously in charge of strategy at Aberdeen Asset Management, as well as COO and head of distribution at AllianceBernstein, based in London and New York.

Steyn has studied law at the University of Aberdeen.

Robeco’s new chief executive is to start his new job on 1 November.

According to Robeco, Steyn will work closely with Munsters to ensure a smooth transition.

Steyn is expected to accelerate Robeco’s global growth ambitions.

The company was acquired by Japanese firm Orix in 2013.

Dick Verbeek, chairman of Robeco’s supervisory board, said: “I am confident we can count on David’s long and proven track record in asset management to lead Robeco and benefit from the opportunities that will arise in the global asset management market in the years to come.”

The appointment of Steyn is subject to approval by the Dutch authorities.

Munsters, when announcing his resignation, said it was a “natural time” to leave, as Robeco was in good shape with solid financial performance and a strong long-term strategy.

Before joining Robeco, Munsters served as CIO at the €353bn civil service scheme ABP and the €166bn healthcare scheme PFZW, in addition to holding a number of investment jobs at insurer Interpolis.

He has also been chairman at Eumedion, the Dutch industry organisation for corporate governance.