EUROPE - Fortis Group is on the verge of appointing Jaap Glasz as its new co-chairman.
Fortis, the parent company of Fortis Investment Management (FIM), will decide upon Glasz’ appointment when its board of directors meets on February 13. If the board confirms his appointment, Glasz will replace Hans Bartelds, who stepped down at the end of last month.
Currently, Glasz is vice chairman of Fortis’ board of directors. When Glasz is promoted to co-chairman, board member Jan Slechte will take up his old position.
FIM currently has EUR103bn in assets under management, of which 26% are institutional. The fund manager has offices in the Netherlands Belgium, France, Hong Kong, the US and China.
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