Hans Rademaker was appointed chief fiduciary officer at APG Asset Management, leading the firm's new fiduciary unit, a spokesman said.
The position and the fiduciary unit are new. Mr. Rademaker's appointment is pending approval by the Netherlands Authority for the Financial Markets. He will start as soon as this approval is granted, the spokesman said in a phone interview.
The fiduciary department will develop client requirements into specific strategic proposals and mandates for tactical and operational asset management, and will also provide associated monitoring and feedback, a news release said.
“After Mr. Rademaker is confirmed by the regulator, APG intends to build a team around him by bringing 10 to 20 executives from within the organization,” the spokesman said.
In addition to heading up the new fiduciary department Mr. Rademaker will become a member of APG Asset Management's management board. The firm has €443 billion ($474 billion) in assets under management.
“(Mr. Rademaker) in the recent past instituted fiduciary management at a large asset management company. As a result, he has all the experience and competencies required to make fiduciary management a success at APG Asset Management as well,” Eduard van Gelderen, chief investment officer at parent company APG Group, said in the news release.
Mr. Rademaker was global chief investment officer at Robeco Group. Peter Ferket, head of investments, took over Mr. Rademaker's responsibilities, a Robeco spokeswoman said.
