NN Group announced that Jan-Hendrik ERASMUS will be appointed Chief Risk Officer (CRO). He joins NN Group as Member of the Management Board as of 1 September 2016. ERASMUS will succeed Doug CALDWELL, who will leave NN Group later this year to pursue his career outside of the company.

Jan-Hendrik ERASMUS is Partner at Oliver WYMAN's Financial Services business, Head of the UK Insurance Practice and a member of the European Leadership Team. He joined Oliver WYMAN in 2009. His consulting work has predominantly focused on risk, capital and asset-liability management for UK and European insurers. He has more than 13 years financial services experience across insurance, risk and investment management in the UK and internationally.

Jan-Hendrik ERASMUS will be responsible for NN Group's overall risk framework and will directly steer the risk management departments as of 1 October 2016. In this role he will report to Lard FRIESE, CEO of NN Group.

"I am very pleased that we have found a strong successor for Doug Caldwell. Jan-Hendrik joins NN Group with extensive international risk and capital management experience," said Lard FRIESE.

"I am looking forward to my new role at NN Group. The company is well-positioned as the European insurance sector enters the important post-Solvency II era," said Jan-Hendrik ERASMUS.

"After many years with ING and NN, during some of the most challenging periods for our sector, I feel the time has come for me to make this change. I much enjoyed being part of NN Group's journey, and want to thank my many colleagues, both in the Management Board and throughout our organisation, for the pleasant cooperation over the years," said Doug Caldwell, Chief Risk Officer of NN Group.