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Ronald Gerritse appointed as new AFM Chairman

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The Management Group and the Supervisory Board of the Netherlands Authority for the Financial Markets (AFM) are pleased with the appointment of dr. Ronald Gerritse as Chairman of the Board of the AFM.

Last Friday, Minister of Finance De Jager announced that Gerritse will take up his position at the AFM on 1 May 2011. He will be appointed for a period of four years.

"We are very pleased that Ronald Gerritse has made the step from policy to supervision", says George Möller, chairman of the Supervisory Board. The Supervisory Board recommended his appointment. "We consider him extremely suitable to succeed Hans Hoogervorst, especially in the coming phase of the supervision of fair and transparent financial markets. He is tried and tested in the field of financial-economic policy and financial markets. In addition, he is experienced in leading a large professional organisation, also in turbulent times. As Supervisory Board, we are confident that Ronald Gerritse will lead the AFM's further development with binding strength. We congratulate Ronald and the people of the AFM with this appointment."

Ronald Gerritse (1952) has been secretary general, and since 2008 also treasurer general, at the Ministry of Finance. He previously worked, inter alia, at the Ministry of Social Affairs and Employment, and at the Social and Economic Council (SER). Gerritse studied economics and wrote a doctoral thesis on cycle waves in planned economies.

Ronald Gerritse succeeds Hans Hoogervorst, who will become chairman of the International Accounting Standards Board (IASB) in April. Hoogervorst has been chairman of the AFM since September 2007.

The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers, and supervises the honest and efficient operation of the capital markets. Our aim is to improve the confidence of consumers and the business sector in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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