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People moves: PLSA picks Douglas as chair

Performance fees propel ABP investment costs above €3bn

By Tjibbe Hoekstra2021-05-04T15:56:00+01:00 Dutch civil service scheme ABP has seen its investment management costs rise above €3bn for the first time. An increase in performance fee payments accounted for the bulk of the rise. Performance fees, which were mainly paid to private equity and hedge fund managers, rose by a third to €1.5bn in 2020. This means performance fees accounted for approximately half of all investment management costs at the €499bn pension fund. The bulk of the performance fees (€936m) were paid to private equity managers. Private equity was by far the best performing asset class for ABP last year, returning 21%.

€573bn Dutch pension group appoints first female CEO

APG names first female CEO

By Tjibbe Hoekstra2021-02-15T12:36:00+00:00 The Netherlands’ largest pension services provider APG has named Annette Mosman as its first ever female chief executive officer. Mosman had been a member of the firm’s executive board as chief finance and risk officer (CFRO) since 2018. Mosman will succeed Gerard van Olphen, who unexpectedly announced his departure last year as CEO – he’s set to leave his post on 1 April. APG was eager to appoint a woman as its new CEO. “We have been looking for the most suitable candidate, but indeed had a preference for a woman,” a spokesperson said. The €531bn pension service provider also spoke to “several other candidates, including men,” the spokesman added.

APG Group picks first female CEO

Annette Mosman was named CEO and chairwoman of APG Group's executive board effective March 1 the first female CEO for the firm.