NETHERLANDS - Joep Schouten, chairman of the board of directors at Cordares, has resigned to " start a new phase" in his life.
Schouten, who leaves on 1 October, will be replaced at the €25.5bn (£17.2m) pensions organisation by Adri van der Wurff.
Schouten said: “I have made every effort to represent the interests of clients, employers, and pension scheme members in the best possible manner as well as to contribute to the development of the Dutch pension system.”
Releasing its annual results, Cordares reported an increase of 25% in assets under management and an increase of 7.5% to €207m (£140m) in turnover.
In September Global Pensions exclusively revealed that under Schouten’s guidance Cordares was attempting to break into the burgeoning Italian pensions market.
Schouten, said: “Our expertise is truly valued and we are now also being consulted about our services outside of the Netherlands.”
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