Gilbert Van Hassel was named CEO and chairman of Robeco Institutional Asset Management.
Mr. Van Hassell starts Sept. 19, and will succeed Leni Boeren. Parent firm Robeco Group said in May it would split its money management division into a stand-alone business, to be led by Ms. Boeren, a member of the Robeco Group management board and chief operating officer. The company said at the time that Ms. Boeren would leave the firm once the structure was completed. A spokeswoman for Robeco said Ms. Boeren will leave “once a smooth handover has been completed.”
“(Mr. Van Hassel) is an accomplished leader with a deep understanding of the asset management business and a truly global outlook and experience,” said Jeroen Kremers, chairman of the supervisory board of Robeco, in a statement on the firm’s website.
Mr. Van Hassel was global CEO of ING Investment Management, now known as NN Investment Partners, until 2013. The Robeco spokeswoman added that Mr. Van Hassell had been on sabbatical leave since his departure.
Robeco Institutional Asset Management has €124 billion ($139.3 billion) in assets under management.