NN Group today announced that effective 1 April 2017, Satish Bapat (Dutch, 1966) will be appointed as CEO of NN Investment Partners (NN IP) and as a member of the Management Board of NN Group. Satish succeeds Stan Beckers, who joined NN Group as CEO of NN Investment Partners on 1 July 2013. After 38 years in the financial services industry, Stan is retiring on 1 April 2017. He will stay on as a special advisor to the NN Group Management Board to help ensure a smooth transition.
Satish Bapat has been CEO of NN Life Japan since 2013. From 2011 to 2013, he held the position of CEO Asia Pacific and Global CFO for NN Investment Partners. He has over 20 years’ experience in the financial services industry, both in and outside of the Netherlands.
Lard Friese, CEO of NN Group said: ‘It is with pleasure that we announce the appointment of Satish Bapat as our new Management Board member. Satish brings extensive international experience to the role, has excellent financial, communicative and leadership skills and is driven to achieve the best performance for our clients and employees. I am proud we found a strong successor for Stan within our senior management team.
I would like to thank Stan, who as a member of our Management Board was part of NN Group’s IPO in 2014 – an important milestone in the history of our company. We appreciate his dedicated service to NN and its customers. During his tenure, Stan successfully positioned NN Investment Partners as a strong member of NN Group, with a distinct business proposition for our institutional and retail clients. We wish him all the best for the years to come.’
Satish Bapat said: ‘It is a privilege to lead the asset management business of NN Group. I look forward to bringing my asset management and insurance experience to continue helping our customers secure their financial futures, working with our stakeholders and contributing to the societies we operate in.’