Wim Koeleman was named managing director for the new pension system at APG Asset Management, the in-house manager of the €495.3 billion ($591.1 billion) ABP, Heerlen, Netherlands, an APG spokeswoman confirmed.
Effective Oct. 1, Mr. Koeleman will replace Wim Henk Steenpoorte and will report to Annette Mosman, APG's CEO and chairwoman of the APG Group board.
New Dutch reforms will require existing Dutch retirement plans to move to defined contribution arrangements by Jan. 1, 2027. Mr. Koeleman will lead APG's program to guide pension fund clients and plan sponsors through a transition to new DC plans. He will be responsible for the implementation and communication of the program.
Mr. Steenpoorte, who resigned as executive board member due to illness, will continue to hold his non-executive board duties until the end of the summer, the spokeswoman said.
"The Netherlands is on the eve of the largest reform of the pension system ever, in which APG obviously plays an important role. I am pleased that with the appointment of Wim Koeleman we are bringing in a very experienced pension manager to manage this transition, together with our pension fund clients. I look forward to a pleasant cooperation," Ms. Mosman said in a news release Monday.
Mr. Koeleman was a partner at PricewaterhouseCoopers. A spokesman could not be reached to provide details of his replacement.