24.05.2011. Supervisory Board of NPF “European Pension Fund” has been headed by Rijkman Groenink

Rijkman Groenink is well known in international financial circles, first of all, through his activities as General Director, Chief Executive and chairman of the Managing Board of a Netherland financial corporation ABN AMRO Holding. Since 2007 Rijkman Groenink managed the sale of ABN AMRO Holding to a consortium which comprised the British Royal Bank of Scotland Group, Fortis and Santander, the total amount of the transaction was €71 billion, which became the world record in the market of bank mergers.

His tasks as a member of Supervisory Board of European Pension Fund shall include building international standards for corporate management and control of adherence to the Fund’s business plan. "Having the experience in establishing pension funds in Latin America, I know it is a promising and socially significant business,” comments Rijkman Groenink. “Since the beginning of the pension reform in Russia the market of non-state pension funds has been steadily developing: in the course of several years the amount of assets under the fund’s management has grown up to RUB 800 billion or 2% of the national GDP, the number of NPFs’ clients has exceeded 11 million (or 15% of the total number of insured persons). Both the current dynamics of the industry and the government's interest in successful implementation of the reform demonstrate good perspectives for the market. That is why I willingly accepted the offer to head the Supervisory Board of a Russian fund."

As of today, Rijkman Groenink is also a member of the Supervisory Board of SHV holding NV, Oranje-Nassau Energie B.V. and Struik Food Group (Netherlands); is the Chairman of the Board of the Foundation Priority Shares Aalberts Industries (Netherlands); Senior advisor and non-exec. Partner of Frontiers Capital Limited (UK), Chairman of the Investment Committee for the UK and Netherlands operations; a member of the Board of Directors of Conference Board Inc. and G24 Innovations Limited; member of the Supervisory Board of EWT (Netherlands).

The Supervisory Board of NPF “European Pension Fund” is a supervisory body, established for the purpose of public control the Fund’s activities. Its terms of reference include review of the Fund’s annual reports and conclusions of independent auditor and actuary; review of complaints and suggestions from clients, participants and insured persons, as well as protection of their legal rights and interests.