The €479bn Dutch asset manager APG has appointed Peter Branner as its chief investment officer.

He succeeds Ronald Wuijster, CEO, who was appointed to the executive board of APG Group as member responsible for asset management earlier this year. 

Branner (left), a Danish national, joins from the €100bn Swedish asset manager SEB Investment Management where he was chief executive officer, responsible for investment processes as well as overseeing its broad range of funds and institutional mandates covering all major asset classes.

Bart Le Blanc, chairman of the supervisory board of APG Asset Management, described the new CIO as “a seasoned executive in our field” and highlighted his “broad international experience in long-term investing”.

Branner is to start his new job on 1 September, when he will become responsible for APG’s overall investment operations and will be tasked with optimising sustainable and long-term returns.

Prior to joining SEB’s Stockholm office in 2008, Branner was CIO at the London-based multi-manager arm of Fortis.

He has also served as managing director at IKANO Fund Management in Luxembourg, as well as other investment postions within the IKANO Group.

The new CIO will report to Ronald Wuijster, chief executive of APG Asset Management and member of the executive board of APG Group.

APG is the asset manager and pensions provider of the €414bn Dutch civil service scheme ABP.