DEFINED BENEFIT

Blue Sky Group taps next CIO

Jack Jonk was named chief investment officer at Dutch pension administrator Blue Sky Group, said a spokesman.

Mr. Jonk starts May 15 and replaces Mark Burbach, who joined Bahrain-based Osool Asset Management in April as chief investment officer.

The appointment is subject to approval by De Nederlandsche Bank and the Dutch Authority for the Financial Markets.

Mr. Jonk and Chief Operating Officer Jos Keijzers form the management team of BSG Investment Management, which provides outsourced CIO services and advice to clients.

BSG manages around €20.5 billion ($22.3 billion) in assets, and oversees the assets of the €8.5 billion Pensioenfonds Vliegend Personeel KLM, Amstelveen, Netherlands.

“(Mr. Jonk) has extensive management and investment experience and we are convinced that he'll be able to provide the highest level of advice to our existing and new clients,” said Toine van der Stee, Blue Sky Group director, in a news release.

Mr. Jonk most recently worked on an interim basis for money management firms. He left Delta Lloyd Asset Management as head of equities in 2015, said the release.