Management Board

Management Board

Our management board is charged with developing and implementing our strategy as well as complying with legislation, regulations, risk management and auditing.

While the Management Board is accountable in practical terms, FMO remains a flat organization. Reporting lines are short and clear, facilitating supervision and control.

Appointed by our Supervisory Board, our Management Board is comprised of two directors:

Jürgen Rigterink (1964), Chief Excecutive Officer

Jürgen Rigterink was appointed CEO and Chairman of FMO’s Management Board in October 2016. Before that, he was Chief Risk & Finance Officer (2014 – 2016) and Chief Investment Officer (2008 –2014). With an investment portfolio of over EUR 9 billion, FMO is one of the largest bilateral private sector development banks worldwide. FMO creates access to a full range of financial products and services to private sector enterprises in developing markets with a focus on financial institutions, energy, agribusiness and private equity. Through Investment Management FMO offers institutional investors access to FMO’s expertise in responsible emerging market investing.

Jürgen started his career at Bank Brussels Lambert working in Brussels, Chicago and New York before joining ABN AMRO in 1997. He has since served in a variety of senior positions including Sector Head for Central & Eastern Europe, Middle East and Africa. In 2005, Jurgen was appointed Chairman of the Management Board and Country Executive at ABN AMRO Bank Kazakhstan.

Jürgen has a Masters Degree in Economics from Rijks Universiteit Groningen, the Netherlands. He is member of the Supervisory Board of the Royal Tropical Institute (KIT), a member of the Supervisory Board of Arise (the private equity investment holding company) and a member of the Advisory Board
of the European Risk Management Council.

Linda Broekhuizen (1968), Chief Investment Officer

Linda Broekhuizen started per 2014 as Chief Investment Officer in FMO’s Management Board. In this role, she is responsible for FMO’s total investment portfolio of EUR 9.0 billion. FMO is the Dutch development bank, investing since 1970 in the private sector in developing economies in Africa, Asia and Latin America. FMO creates access to a full range of high impact financial products and services, covering inter alia loans, private equity, blended finance and capacity development. FMO’s investments focus on three sectors: Financial Institutions, Energy and Agribusiness.

FMO simultaneously targets financial returns and impact returns. The Sustainable Development Goals (SDGs) are part of FMO’s core business. FMO selected three SDGs as most relevant: Decent Work and Economic Growth, Reduced Inequalities and Climate Action. Moreover, FMO has fully integrated environmental, social and corporate governance (ESG) policies into every aspect of its business. Through its subsidiary FMO Investment Management, institutional investors can get access to FMO’s expertise in responsible emerging market investing.

Linda Broekhuizen started her career at Fortis Bank in the Financial Institutions team for Latin America. In 2000, she started working at FMO, at first being responsible for investments in a selected number of countries in Eastern Europe & Central Asia and later in the Latin America department, where she managed a team since 2005. She continued her career in 2008 as Manager Sustainability Development, a new position created to integrate ESG as a business case in FMO’s core investment process. Consequently, she successfully set up Agribusiness as a new focus sector for FMO. Before joining FMO’s Management Board in 2014, she was as Director Financial Institutions responsible for FMO’s largest sector portfolio.

Linda Broekhuizen has Master Degrees in International Relations and in Business Administration. In 2010 she finalized a postgraduate program on Corporate Social Responsibility Management. She is member of the Supervisory Board of the Netherlands Council for Trade promotion (NCH) and member of the Appeals Commission of the Foundation for Banking Ethics Enforcement.