Money Management

APG Asset Management picks next CIO

Peter Branner was named chief investment officer at APG Asset Management, confirmed a spokesman.

Mr. Branner joins Sept. 1, and replaces Ronald Wuijster, who earlier this year was named CEO and a member of the executive board of APG Group responsible for asset management.

Mr. Branner will be responsible for the overall investment operations and for further optimizing sustainable and long-term returns in line with APG's strategy, said a news release Tuesday.

The Netherlands Authority for the Financial Markets approved the appointment.

APG Asset Management is part of APG Group, which manages €479 billion ($561.4 billion) in pension assets, and runs the assets of the €414 billion ABP, Heerlen, Netherlands.

Mr. Branner was CEO of SEB Investment Management in Sweden. A spokeswoman said the search for his successor has been initiated and will continue after the summer. Hans Ek, deputy CEO of the company, was appointed acting CEO on July 9.