Ex-APG Exec Appointed to European Investment Bank

(January 17, 2012) — Pim Van Ballekom — formerly Head of International Public Affairs at APG Pension Group — has been appointed Vice-President and member of the Management Committee of the European Investment Bank (EIB) by the Bank’s Board of Governors.

Van Ballekom is the first Dutch Vice-President at EIB, the European Union’s financing institution, since 2000 and the fourth Dutch Vice-President since the Bank was founded in 1958.

Prior to his role at APG, where he was responsible for bringing the interests of the Dutch pension system and in particular of APG’s pension-fund clients to the attention of European policy-makers, Ballekom served as a Dutch member of the Board of Directors of the EIB and the European Bank for Reconstruction and Development (EBRD), Financial Counsellor and Head of the Financial Section at the Permanent Representation of the Netherlands to the EU, (Deputy) Head of Cabinet for Frits Bolkestein, European Commissioner for Internal Market, Taxation and Customs Union, and has had various positions within the Ministry of Finance.

The EIB is the bank of the European Union, with the 27 EU member states being shareholders. The EIB provides long-term loans for investment projects in the European Union. In the Netherlands, the EIB invests in major infrastructure projects.