NETHERLANDS - Robeco board member and chief executive of Sustainable Asset Management (SAM) Sander van Eijkern has resigned over a "difference of opinion with respect to the future strategy" of the Dutch asset manager.
Eijkern's resignation was effective February 1, Robeco said in a release.
Eijkern was responsible for Robeco's responsible investment and alternative investment strategies, and was chief executive of subsidiary SAM, confirmed spokesman Ronald Florisson.
The exact reason for his departure remained unclear.
Robeco Group chief executive Roderick Munsters said: "Given our differing opinions about Robeco's future strategy we have agreed to go our separate ways. Following this, Robeco will downsize its management board to five members. I thank Sander for all he has done for our company."
Yesterday, the firm unveiled a new investment policy that would incorporate responsible investment into all investment practices. "In future, environmental, social and governance (ESG) factors will integrally be taken into account when investment decisions are made," Robeco said.
Florisson said Eijkern's departure was "not related at all" to the new investment strategy and that the policy was developed in part by Eijkern himself.
Eijkern was not available for comment, but said in a release: "I have enjoyed working for Robeco while professionalizing the fixed income operation and pioneering Robeco's moves into alternative and sustainable investments. I am proud of the acquisitions of Transtrend and SAM. It has been a pleasure to work with so many passionate professionals whom I thank for their dedication."
The firm will look internally and externally for a new SAM CEO, said Florisson. In the interim, SAM chief investment officer Stephanie Feigt and head of global clients and marketing Michael Baldinger will serve as co-CEOs.
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