MONEY MANAGEMENT

NN Investment Partners names new CEO

Satish Bapat was appointed CEO of NN Investment Partners, effective April 1.

Mr. Bapat will replace Stan Beckers, who is retiring. Mr. Beckers will remain as a special adviser to the management board of parent company NN Group to help ensure a smooth transition, a news release said.

Mr. Bapat will also become a member of NN Group’s management board.

He has been CEO of subsidiary NN Life Japan since 2013.

“(Mr. Bapat) brings extensive international experience to the role, has excellent financial, communicative and leadership skills and is driven to achieve the best performance for our clients and employees,” said Lard Friese, CEO of NN Group, in the news release.

NN IP has €199 billion ($214.5 billion) of assets under management.

A spokesman for NN IP could not be reached by press time.