Jan Straatman, equity and fixed-income CIO of the €187 billion ($220 billion) Stichting Pensioenfonds ABP, Heerlen, Netherlands, will join Pearl Group as CIO on March 1, overseeing about £27 billion ($46.5 billion) in assets under management at the Peterborough, England, life insurance firm. It is a new position, created after Pearl's April acquisition by Sun Capital Partners and TDR Capital, said Pearl spokeswoman Shirley Hatherton. At ABP, he is responsible for €130 billion in internally managed assets. Fund officials have not yet appointed a successor. "With an eye on continuity, in close consultation with the board and Jan Straatman, Roderick Munsters
, CIO of ABP, will take over Jan's board responsibilities on an interim basis," Michel Meijs, ABP's executive vice president of public relations, said in a statement. Edwina Neal, equities fund manager, will be interim director of equities, Mr. Meijs added.
Steven N. Rappaport was named chairman of the board of the Credit Suisse Funds. He replaces Michael Kenneally, former global CEO of CSAM, who stepped down in June. Mr. Rappaport, a partner in private equity firms Lehigh Court and RZ Capital, has been a member of the Credit Suisse Funds' board since 1999, according to a news release.
Robert Darmanin was named head of European custody and pensions for Bank of New York, confirmed Laura Stowe, a bank spokeswoman in London. Mr. Darmanin, a managing director, replaced Richard Beavan, who is joining Reuters. Mr. Darmanin was a managing director in New York, where he ran the corporate finance department for the bank's investment management division. Kevin Heine, a bank spokesman in New York, could not immediately say who replaced Mr. Darmanin.