Subject to regulatory approval, David Steyn will replace outgoing CEO Roderick Munsters from 1 November.
The appointment follows Robeco’s announcement earlier this month that Munsters will be leaving the firm, though Steyn will spend time working alongside Munsters in order to ensure a smooth transition.
Steyn’s recruitment comes nine days after Mark Barry was announced as head of Robeco’s UK institutional business.
A spokesperson for the Dutch asset manager confirmed that a new London office is set to open in the near future, though could not specify an exact date or what capabilities will be housed at the branch.
With 90.1% of the company having been acquired by Japanese financial services business ORIX Group in 2013, Robeco is undergoing a phase of international expansion, which Dick Verbeek, chairman of the supervisory board, said Steyn is well-equipped to lead.
“I am confident that we can count on Steyn’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,” said Verbeek. “On behalf of the entire company, I would like to extend him a warm welcome.”
Bringing with him 35 years of industry experience, Steyn makes the move over from a head of strategy role with Aberdeen Asset Management, prior to which he was chief operating officer at Alliance Bernstein.
