Key Takeaways
- • APG Asset Management promoted Alineke van den Berge-Blindenbach to chief executive effective 1 July 2026, per a Wednesday announcement, after she served as interim CEO since March.
- • She succeeds Ronald Wuijster, who stepped down after nearly two decades with APG and two terms leading the asset management business.
- • The appointment comes as APG, which manages €601 billion ($688 billion) on behalf of ABP, restructures around pension services and asset management and prepares a shift from 2030 to managing pension assets exclusively for ABP.
- • APG continues to deploy capital in Asia Pacific real estate, including a founding role in Hongkong Land's Singapore Central Private Real Estate Fund (S$8.2 billion / $6.4 billion AUM) and a $300 million commitment to Tishman Speyer's Korea Living Venture alongside Bouwinvest.
Summary
APG Asset Management has promoted Alineke van den Berge-Blindenbach to chief executive, according to a Wednesday announcement cited by Mingtiandi. Van den Berge-Blindenbach, previously chief operating officer, assumed the role on 1 July. She had led the business on an interim basis since March, when Ronald Wuijster stepped down after nearly two decades with APG and two terms leading the asset management division. The appointment places an operations and transformation specialist at the helm of the Dutch pension manager as it reshapes its business around its flagship client, ABP, the Dutch public sector pension fund that owns APG.
APG Group executive board chair Annette Mosman said van den Berge-Blindenbach is "well positioned to lead the organisation into its next phase." Allan Polack, chair of the APG Asset Management supervisory board, described her as having a "clear and transparent way of working, combined with a strong sense of coherence." Van den Berge-Blindenbach, 54, joined APG Asset Management in 2023 as COO, overseeing data, IT and operations. APG said she will remain COO until a successor is appointed. Before APG, she spent 22 years at ABN AMRO, ending in a role focused on products, services and process digitisation, after starting her career at consultancy TwynstraGudde in 1998.
The promotion follows a strategy refresh announced late last year that reorganised APG Group around two core units: pension services and asset management. The asset management division is being transformed ahead of a planned shift from 2030 to manage pension assets exclusively for ABP. Van den Berge-Blindenbach said the manager is entering an important phase in building a joint investment chain with its parent client, adding that "the focus is now on execution."
The regional backdrop includes a leadership change in Asia Pacific real estate. Graeme Torre left his post as APG's managing director and head of Asia Pacific real estate late last year after eight years, and Brian Hung, who joined APG in 2014, took over the regional property team. Torre joined Hongkong Land in March as CEO of Hong Kong Central. APG is among the founding investors in Hongkong Land's Singapore Central Private Real Estate Fund, which debuted in February with S$8.2 billion ($6.4 billion) in AUM alongside the Qatar Investment Authority and a Southeast Asian sovereign wealth fund. In June, Tishman Speyer reached a first closing on Korea Living Venture after securing $300 million from APG and Bouwinvest, targeting $400 million in total equity commitments and more than $800 million in investment capacity. APG has also backed Goodman Group's $2.7 billion Hong Kong data centre partnership, launched a developed-market infrastructure programme with Japan's GPIF, and supported Rent-to-Live Co's $1 billion Australia build-to-rent platform alongside Bouwinvest.
APG Group executive board chair Annette Mosman said van den Berge-Blindenbach is "well positioned to lead the organisation into its next phase." Allan Polack, chair of the APG Asset Management supervisory board, described her as having a "clear and transparent way of working, combined with a strong sense of coherence." Van den Berge-Blindenbach, 54, joined APG Asset Management in 2023 as COO, overseeing data, IT and operations. APG said she will remain COO until a successor is appointed. Before APG, she spent 22 years at ABN AMRO, ending in a role focused on products, services and process digitisation, after starting her career at consultancy TwynstraGudde in 1998.
The promotion follows a strategy refresh announced late last year that reorganised APG Group around two core units: pension services and asset management. The asset management division is being transformed ahead of a planned shift from 2030 to manage pension assets exclusively for ABP. Van den Berge-Blindenbach said the manager is entering an important phase in building a joint investment chain with its parent client, adding that "the focus is now on execution."
The regional backdrop includes a leadership change in Asia Pacific real estate. Graeme Torre left his post as APG's managing director and head of Asia Pacific real estate late last year after eight years, and Brian Hung, who joined APG in 2014, took over the regional property team. Torre joined Hongkong Land in March as CEO of Hong Kong Central. APG is among the founding investors in Hongkong Land's Singapore Central Private Real Estate Fund, which debuted in February with S$8.2 billion ($6.4 billion) in AUM alongside the Qatar Investment Authority and a Southeast Asian sovereign wealth fund. In June, Tishman Speyer reached a first closing on Korea Living Venture after securing $300 million from APG and Bouwinvest, targeting $400 million in total equity commitments and more than $800 million in investment capacity. APG has also backed Goodman Group's $2.7 billion Hong Kong data centre partnership, launched a developed-market infrastructure programme with Japan's GPIF, and supported Rent-to-Live Co's $1 billion Australia build-to-rent platform alongside Bouwinvest.
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