Dutch entrepreneurial bank FMO announced on Thursday (June 24th) the appointment of Michael Jongeneel as the bank’s chief executive officer (CEO). The new CEO will officially take office on September 1, replacing Linda Broekhuizen.
Prior to this role, Michael Jongeneel was Global Head of Sustainable Finance at international consultancy Bain & Company. As such, the newly promoted has helped transform banks and insurers towards the inclusion of sustainability in their core businesses. He has also developed impact investing strategies and innovative solutions in sustainable finance.
“FMO is a leader in impact investing, and I feel privileged and thrilled to take a leadership role in this determined organization,” said Michael Jongeneel following his appointment.
Considered one of the largest bilateral private sector development banks in the world, FMO strongly supports Africa. Its “committed portfolio” is estimated at 9.3 billion euros covering more than 85 countries around the world.
