NETHERLANDS - The €279bn asset manager APG has appointed Céline van Asselt as chief finance and risk officer of its asset management branch APG AM.

As member of APG AM's executive board, Van Asselt will be responsible for performance and risk control, external reporting and financial controlling for both the management of APG AM and its investment portfolios.

Before joining APG, Van Asselt served as deputy director of risk management at insurer ASR, where she was responsible for the implementation of the Solvency II programme of ASR Netherlands.

Before then, she worked in marketing, business development and asset management at bank MeesPierson and insurer Fortis.

Angelien Kemna, chief executive at APG AM, said: "Céline's experience offers exactly what APG Asset Management needs for the new function of chief financial risk officer. Meticulously managing and overseeing the extent of risk is crucial for a manager of pension assets."

Van Asselt started in her new position on 1 September.

APG is a financial services provider in the Dutch collective pensions market.

It carries out asset management, administration, board advice and communication for approximately 30 pension funds, with the €240bn civil service scheme ABP being its main client.

Within the Netherlands, APG manages more than 30% of all collective pension assets for 4.5m workers and former workers in both the public and private sectors.

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