NETHERLANDS - Dutch fund manager Robeco has recruited former banker Jurgen Stegmann as its new CFO.

Former NIBC chief risk officer Stegmann, who will join in March, said he saw the difference between banking and asset management as "looking at the same risk from a different angle".

He said: "In my 25 years in banking, I've done a lot that actually related to the business Robeco does: I've set up and managed private equity funds, created a series of securitisation vehicles, and I've been involved in setting up a new infrastructure fund.

"Risk should be seen in a broad perspective. It also includes areas like governance, compliance, company enterprises and those of the funds. I intend to use all of this experience in my new role."

The company's corporate development department - as well as finance and treasury - will report to Stegmann.

Robeco chief executive Roderick Munsters emphasised continuity - "supported by positive markets" - of a strategy set out last year.

Stegmann added: "One of the reasons I've joined Robeco is because I very much believe in the strategy my fellow board members have set out for the company."

His predecessor, Constant Korthout, left last year to join Van Lanschot Bankiers, a private bank.