Dick Sluimers is stepping down as chairman of the management board at pension group APG from January next year.

Sluimers (1953) has worked for pension fund ABP and its asset manager APG for 25 years. Dutch civil service fund ABP is one of the biggest pension funds in the world.

According to the Financieele Dagblad there were rumours he was about to stand down following the surprise news that Roderick Munsters was leaving asset manager Robeco. He has been tipped as a potential successor to Sluimers.

No replacement has yet been named. Angelien Kenma, who is APG’s current finance chief, has also been mentioned as a potential candidate, the FD said.

Now APG’s restructuring, begun in 2012, is approaching its final stages, Sluimers ‘considers this a natural point in time to take leave of the group and to focus on other public administration and consulting work,’ APG said in a statement.