The FMO’s chief risk and finance officer Jürgen Rigterink will replace current chief executive Nanno Kleiterp in October.
Before joining the development bank in 2008, Rigterink was managing director and chairman of the board for ABN AMRO Bank Kazakhstan, and vice-president of corporate finance at the New York branch of Bank Brussels Lambert.
“Jürgen Rigterink brings a breadth of knowledge in emerging markets and top level management experience across the banking spectrum,” said FMO chairman of the supervisory board Jean Frijns. “The supervisory board considers him particularly well placed to deliver on FMO’s strategic priorities of contributing to the global goals by driving inclusive and sustainable development abroad and providing international finance for Dutch business”.
Rigterink is also a board member of the Royal Tropical Institute, an Amsterdam-based foundation focusing on international trade, cultural exchange and sustainable development.
The FMO has assets under managment of €8.9 billion across 85 countries, and began investing in agribusiness in 2011, under Kleiterp’s tenure.
The bank is now looking to increase its agribusiness portfolio, and could even double its exposure to the sector, FMO director Suzanne Gaboury told Agri Investor earlier this year.