NN Group announced an update of the composition of the Management Board (MB) as of 1 June. Bernhard KAUFMANN will join the MB as Chief Risk Officer (CRO) of NN Group. "Furthermore, given the growth of activities following recent acquisitions in the Netherlands, our Dutch businesses will be divided into two portfolios with separate responsibilities", as NN announced in a statement.

Thus, Leon van RIET will be appointed to the Management Board as CEO Netherlands Life & Pensions, while Tjeerd BOSKLOPPER, already a member of the MB, will assume the role of CEO Netherlands Non-life, Banking & Technology.

All three appointments have been approved by the Dutch Central Bank (DNB).

Bernhard KAUFMANN has been CRO at MUNICH Re for the past six years. Prior to that he held the positions of CRO at Ergo Group, and Head of Treasury and Head of Asset Liability Management at Munich Re. KAUFMANN was chairman of the CRO Forum in 2017.

Leon van RIET has been CEO of the NN Netherlands Non-life business since 2017. Before joining NN, he was a member of the DELTA Lloyd Executive Board and led the Life business for seven years. In his new role, he will be responsible for the Dutch Life and Pension businesses and will be CEO of Nationale-Nederlanden Levensverzekering Maatschappij N.V.

Tjeerd BOSKLOPPER was appointed Chief Transformation Officer and member of the MB on 1 September 2018, before he took on the role of CEO Netherlands on an ad interim basis as of October 2019. In his new role, BOSKLOPPER will be responsible for the Dutch Non-life and Banking business segments, Customer & Commerce, as well as for the Strategic Transformation Office and IT. He will remain responsible for driving innovation and digital transformation in the Netherlands.