Netherlands’ MN Pension CIO Heading to Goldman Sachs

Gerald Cartigny

The chief investment officer of MN, the Netherlands’ $151.3 billion pension plan, is leaving in October, bound for a US investment bank.

Gerald Cartigny will exit the fund in the fall after seven years, five of which he has been CIO. He’ll be joining Goldman Sachs Asset Management to be a managing director and head of its Belgium, Netherlands, and Luxembourg client business.

At the pension plan, Cartigny, who started as director of customer relations in 2012, merged the asset management and fiduciary businesses to simplify its advisory services and procedures. He also helped implement its environmental, social, and governance (ESG) investments.

“This is due to the group of dedicated and expert professionals in asset management, but also because clients dared to act on the understanding that a good pension is only worth something in a better world,” Cartigny said. “They also dared to trust that sustainable investing would not be at the expense of returns, but would even lead to better returns.”

He previously worked at ABN AMRO Asset Management for 16 years, according to his LinkedIn page.

“Gerald Cartigny has steered our investment management services into smoother waters,”  said Chief Executive Officer Norbert Hoogers.

The fund did not announce Cartigny’s successor, but it said he will “gradually” hand over his current responsibilities to his team members in the coming weeks.

Cartigny also sits on the boards of the Dutch Fund and Asset Management Association and the Institutional Investors Group on Climate Change, of which he is vice chair.

MN is the pension organization and asset manager for the PMT and PME retirement plans.

Related Stories:

Dutch Metal Pensions Firm MN Losing Half its Board