Paul Rosenmöller, former union activist and leader of political party GroenLinks, has been appointed supervisory board chairman at financial sector regulator AFM.

He replaces George Möller who resigned in January, following a critical report about the way the supervisory board functions.

The choice of a politician is not a coincidence, acting chairman Diana van Everdingen told the Financeele Dagblad.

‘There was not enough political experience in the board. The chairman must be able to get on with The Hague, which has final responsibility for the AFM,’ she told the paper.