Merel van Vroonhoven appointed AFM chairman of the board

Minister Dijsselbloem announced on Friday that Merel van Vroonhoven will take office as chairman of the board of the Netherlands Authority for the Financial Markets (AFM) on 1 April 2014. She has been appointed for a period of four years. The appointment of the new chairman occurred on the recommendation of the AFM's Supervisory Board. The Executive Directors and the Supervisory Board are pleased with the appointment.

Merel van Vroonhoven (1968) has been a member of the Supervisory Board of Dutch Railways since 2009, prior to which she worked at ING. There, she was responsible, as member of the General Management of Nationale Nederlanden, for the Collective Pensions Operations from 2002 to 2007, and from 2007 onwards as member of the management committee of ING Investment Management Europe.

Chairman of the AFM's Supervisory Board George Müller: "We are very pleased that Merel van Vroonhoven is willing to lead the AFM. Merel van Vroonhoven has had a career that makes her very suitable to lead the AFM. She has considerable experience in the financial sector and she also served the public good at Dutch Railways. This multi-faceted experience holds a wonderful promise for the future of the AFM."

"Merel van Vroonhoven is experienced like no other in leading a large professional organisation, including in turbulent times. The Supervisory Board is confident that Merel will steer the further development of the AFM as a uniting force. The arrival of the new chairman also shows that the Minister is responding to the wish shared by many that the experience of the sector should be expressed in the administrative composition of the AFM. We wish her and all AFM employees all the best with this appointment."

Van Vroonhoven is the successor to Ronald Gerritse, who died on 26 September 2013. The Supervisory Board is very grateful to the current AFM board members for the excellent manner in which they, led by Theodor Kockelkoren, have served the AFM in the difficult period of the illness and death of Ronald Gerritse.

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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