MICROCAPITAL BRIEF: Netherlands’ FMO Appoints Jürgen Rigterink as CEO

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that Jürgen Rigterink will take over as its Chief Executive Officer (CEO) as of October 2016, pending approval by the Dutch central bank. Mr Rigterink served as the Chief Investment Officer for FMO prior to starting his current role as Chief Risk & Finance Officer in 2014. He will succeed Nanno Kleiterp, who has served as the organization’s CEO since 2008.

A statement from the supervisory board of FMO states in part, “Jürgen Rigterink is well placed to deliver on FMO’s strategic priorities […] by driving inclusive and sustainable development abroad and providing international finance for Dutch business” [1].

As of 2015, FMO reported total assets of EUR 8.4 billion (USD 9.05 billion).

About FMO:

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) is a development bank that was founded in 1970 by the Dutch government, which owns 51 percent of the institution. Its other stakeholders are commercial banks, trade unions, employers’ associations and individual investors. FMO supports governments and invests in financial institutions, energy firms and agribusiness operators in developing countries through loans, guarantees and other investment promotion activities, including local-currency investments. As of 2015, FMO reported total assets of EUR 8.4 billion (USD 9.05 billion).

By Sharanya Madhavan, Research Associate

Sources and Additional Resources

[1] FMO Press Release: Jürgen Rigterink New CEO Of FMO

MicroCapital Universe: FMO

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