NETHERLANDS - ABP Investments has appointed Edwina Neal as CIO of equities and a member of the board of directors.
Neal will take over from former capital markets CIO Jan Straatman, who left to join the Pearl Group in the UK. Straatman’s role was split between fixed income and equities on the back of his departure.
In addition Arnold Shapiro, the co-chief investment officer of fixed income, will be CIO of fixed income.
From 1 March Neal will be responsible ABP’s for equity portfolio. She has been with ABP Investments since 2002 after previously working for the Bank of England and Norwich Union Investment Management (now Morley Fund Management) in the UK.
Edwina Neal said: ‘‘I’m delighted to be offered the opportunity to head up the equity division and to join the Board of ABP Investments, and look forward to building on our past success not only for equities, but for the organisation as a whole.
“As one of the largest global pension funds, ABP occupies a special position in the marketplace and we want to capitalise on the opportunities that gives us in order to continue to meet the needs of our pension fund stakeholders,” she added.
A spokesman for the fund said it had no current plans to restructure its equity portfolio.
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