APG’s Governance Head Frentrop departs to set up own firm

Former Deminor chief exits at year-end

Paul Frentrop, the Head of Corporate Governance at APG Asset Management, the asset manager owned by the giant Dutch civil service pension fund ABP, is to leave to set up his own firm.

Frentrop, who joined APG in January 2008, was formerly Netherlands director of the European shareholder consultancy firm Deminor.

He leaves APG at the end of the year to work as an independent consultant on corporate governance, APG says on its website.
Rob Lake, Head of APG’s Environmental, Social andGovernance (ESG) team, will take over corporate governance at the firm, the release adds.

Frentrop, a former journalist, is the author of A History of Corporate Governance 1602-2002.

Meanwhile, APG – which has around €250bn in assets under management – has published the latest edition of its Investing in Sustainability newsletter on responsible investment.
Among other topics, the report details APG’s engagement with Indian mining company Vedanta.