Money Management

MN CEO to depart in July

Rene van de Kieft resigned as CEO of Dutch money manager MN.

The firm, which manages €130 billion ($160.1 billion) for a number of Dutch pension funds, said in a news release on its website that he expects to leave MN in July.

Mr. van de Kieft joined in May 2015 as CEO.

The firm's supervisory board together with MN shareholders is working to appoint a successor. Starting in July, the three remaining members of the executive committee will temporarily run MN, said the release. They are Liesbeth Sinke, in charge of finance, risk, compliance and information provision; Henri den Boer, pensions and insurance; and Gerald Cartigny, asset management.

A spokesman for MN could not be reached for comment by press time.