FMO appoints new CEO

Starting September 1st, Michael Jongeneel will be the new chief executive officer for Dutch entrepreneurial development bank, FMO. Jongeneel joins FMO from international consulting firm Bain & Company where he currently is a partner in the Amsterdam office as well as the firm’s global lead for sustainable finance. In this capacity, Jongeneel helped to transform banks and insurers toward inclusion of sustainability in their core businesses and to develop impact investing strategies and innovative solutions in sustainable finance.

Additionally, Jongeneel also gained extensive experience working in and with not-for-profit organisations focused on positive social and environmental impact.

Prior to Bain, Jongeneel spent eight years at Triodos Bank where he was the managing director of Triodos Investment Management BV, and initially joined as Triodos’ chief operating officer and member of the executive board.

Dirk Jan van den Berg, chairman of the supervisory board of FMO, said: “Michael has a very compelling background which will undoubtedly be valuable for FMO. He brings extensive, relevant experience both stemming from his time at Triodos and through his work with financial services companies all over the world. He appreciates the dynamics of impact investing and the stakeholder field related to it, and – living carbon-neutral himself – shares FMO’s determination to contribute to a better world. We feel that he will bring the right expertise at the right moment for the next chapter at FMO.”

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