Executive director Kellermann to leave Dutch central bank

Joanne Kellermann, executive director of the Dutch central bank De Nederlandsche Bank (DNB), has announced that she will not be available for another seven-year term in office as of November 2014.

As member of the governing board of DNB since 2007, Kellermann’s responsibilities include the supervision of pension funds and insurers. 

“Now that the financial crises has somewhat abated and the sector has reached calmer waters, the time for me is right to embark on a new challenge” says Kellermann, who will indicated that her decision is based on personal reasons.

Alexander Rinnooy Kan, chairman of the supervisory board comments “In one of the most turbulent periods of its history, DNB was able to profit hugely from her wealth of expertise and enormous dedication. Over the past years she was one of the driving forces behind the change in supervision of the financial sector.”

Further details with regard to Kellerman’s replacement will be announced in due course.

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