Conchita Mulder and Xander den Uyl have been appointed to the board of Europe’s largest pension fund.
Mulder, who sat on the board at Stichting Pensioenfonds KPN from 2004 to 2009, and den Uyl, who is also vice president of the PWRI pension, took their roles at the start of the month.
The pair join the 12-strong board as representatives of those already drawing a pension and were nominated by the newly formed Accountability Board. This committee was created by combining the three existing member channels last year. ABP said one space remained for a pensioner-nominated board member.
The board is responsible for “careful management of the financial health and the interests of ABP”, according to the €344 billion ($373 billion) pension’s website. It members consist of high-ranking professionals in the Dutch finance industry.
“ABP’s funding ratio declined by two percentage points in the fourth quarter of 2014 to reach 101.1% at the end of the fourth quarter,” the fund said in its latest financial report, published in January.
Positive investment returns of 2.8% in the last quarter of 2014 pushed its total return over the year to €43.4 billion—some 14.5%.
For an in-depth interview with former CIO of APG—which runs ABP’s investments—pick up the next April edition of CIO Europe.
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