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René Maatman leaves the AFM

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Professor R.H. (René) Maatman has informed the Supervisory Board of the AFM of his intention to leave the AFM as of 1 August 2012. He will become a partner at De Brauw Blackstone Westbroek.

René Maatman has been an AFM director since 1 May 2008. His term of appointment will end on 1 May 2012. He has indicated that he will not be available for reappointment for a new term.

As of today, René Maatman will no longer participate in the decision-making of the AFM's board. He will transfer the files that are confidential from a supervisory perspective to other members of the management group.

During the period of 1 May to 1 August 2012, René Maatman will function as an advisor to the AFM's Executive Board. He will be charged with supporting activities of a general nature.

Agreements have also been made concerning the first three months René Maatman will be active at De Brauw, so that sufficient distance is observed after his transfer as regards his administrative period with the AFM.

Ronald Gerritse, AFM chairman: "René Maatman's departure means that the AFM will lose a very capable and professional director and a committed colleague. The AFM is part of society and is of the opinion that it is good that it recruits from the financial sector. It is also good that directors and members of staff have the opportunity to return to that sector after some time. This does not mean that we do not experience René Maatman's resignation as a loss. We consider it an honour that René Maatman will be able to continue to make a contribution at a very high professional level in the Netherlands to the further development of the pensions sector. Naturally, we wish him a great deal of success in this next step in his career."

Further announcements concerning the manner in which the AFM will fill the vacancy on its Executive Board will be made in due time. It is up to the Supervisory Board to make a recommendation to the Minister of Finance.

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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