Dutch asset manager Robeco Groep has named David Steyn as new CEO and chairman of the management board, replacing Roderick Munsters.

Steyn, whose appointment is effective 1 November 2015, has more than 35 years of international experience in asset management, in management, distribution and investment roles.

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Previously he was in charge of strategy at Aberdeen Asset Management and COO and head of distribution at AllianceBernstein, based in London and New York.

Commenting on the appointment, Robeco chairman of the supervisory board Dick Verbeek said: "I’m confident that we can count on David’s long and proven track record in asset management to lead Robeco and benefit from the opportunities that will arise in the global asset management market in the years to come."

Robeco supervisory board member and president and CEO of ORIX Corporation Makoto Inoue said: "I am convinced that together with the members of the Management Board and staff at Robeco he will be able to accelerate Robeco’s growth ambitions globally while continuing to deliver great results for clients."

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