IFM Investors’ board has welcomed former PGGM Investors chief executive Else Bos as an independent director.
Bos brings more than two decades of experience in financial services to the role, having held numerous senior leadership positions in the industry.
Most recently, she was an executive board member and chair of prudential supervision at De Nederlandsche Bank, responsible for insurance supervision, pension supervision, and supervision policy.
According to IFM, Bos’ leadership had been “instrumental” in helping shape the regulatory landscape and ensuring financial stability in the Netherlands.
As chief executive of PGGM – one of the largest pension fund service providers in the Netherlands – between 2013 and 2017, Bos enhanced the organisation’s institutional business and investment capabilities during her tenure.
Her career has also included senior positions at ABN AMRO Asset Management and NIB Capital Asset Management, serving as a trustee of the International Financial Reporting Standards Foundation and being on the board of the United Nations Principles for Responsible Investment.
“We are delighted to welcome Else to the IFM board and believe her experience at PGGM, which has an aligned purpose and role to IFM, will be a great value add for our organisation and clients,” IFM chair Cath Bowtell said.
“Else’s extensive experience and deep understanding of the financial sector and asset management, particularly in Europe, will be a tremendous asset to IFM Investors, as we continue to grow globally,” Bowtell continued.
Commenting on her appointment, Bos added: “It is a great honour to join the board of IFM Investors – I have long admired IFM’s success, particularly in private markets, and its commitment to sustainable and responsible investment practices.
“I look forward to playing my part in IFM’s continued success and growth as they invest, protect and grow the retirement savings of working people.”
Bos’ appointment will increase the number of IFM board members to nine, and the number of female board members to six.
Last week, IFM also announced its joint venture with Ampol and GrainCorp to explore the establishment of an integrated renewable fuels industry in Australia.
According to the firm, the announcement builds on the existing feasibility work conducted by each of the parties to develop feedstock supply and production capacity of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel in Australia.
“Alongside our industry super partners, we have been working closely with the government to identify ways to accelerate investment in Australia’s energy transition, and a local SAF industry driven by Australian businesses is crucial to that acceleration,” IFM global head of asset management Danny Elia said last week.
