SIERMANN AND VAN DER KROFT APPOINTED AS CIOS ROBECO

Robeco is splitting the function of Chief Investment Officer (CIO) in Europe. Edith Siermann will become the CIO for fixed-income and Mark van der Kroft will be CIO for equity investments. Edith Siermann and Mark van der Kroft are currently head of the fixed-income and equity departments respectively.

Earlier this month, Robeco announced the new senior management structure for its organization. Lines are shorter now, there will be less distance between the management board and the business units, and the heads of the business units will be collectively responsible for the result of the group as a whole. Separating the functions of CIO equities and CIO fixed-income from that of head of the RAM business unit will give more substance to management's focus.

 

Edith Siermann and Mark van der Kroft will have final responsibility for the performance of the mandates and funds that are managed by their departments. Nevertheless, the fund managers that report to them are still responsible for the performance of the funds under their management.

 

George Möller, CEO: "We are very satisfied with the performance of our fixed-income funds. We belong to the absolute top in Europe in this field. This achievement is an example for our equity funds." Robeco has implemented the successful approach taken by the fixed-income department, of small teams with fund managers who individually are responsible for performance, in its equity investment process. This operation has been led by Mark van der Kroft. "Separating CIO responsibilities adds focus and reflects the difference in expertise that is necessary to achieve top performance internationally", says George Möller.

Robeco provides discretionary asset management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed-income and equity investments, as well as balanced accounts, money-market funds and alternative investments.

 

Robeco distributes its funds for the retail market directly, and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London.

 

As well as from its head office in Rotterdam, Robeco services its clients from its European offices in Belgium, France, Germany, Spain and Switzerland. In the United States, Robeco has offices in New York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston Partners), White Plains (Sage Capital Management) and Toledo (Harbor Capital Advisors). It also has an office in Bahrain.

 

Robeco is the center for asset management with full operational independence within the Rabobank Group. The combination of the highest credit ratings from the major international rating agencies and the highest Sustainability Cluster Score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees.