Mark Siezen has been appointed CEO of Bouwinvest Real Estate Investors with effect from September, succeeding Dick van Hal who is stepping down after 14 years at the helm of the Dutch institutional investment manager.
Siezen joined Bouwinvest as chief client officer in November 2020. He was previously executive director and member of the board at CBRE Nederland, and prior to that held various executive positions at companies including Multi Corporation and Cofra Holding. He is currently also a member of the supervisory board of the Noordwest Hospital Group.
‘I am really looking forward to leading Bouwinvest into its next phase of development and growth as CEO,’ said Siezen. ‘The uncertain market conditions will create a number of challenges but will certainly also create opportunities for Bouwinvest and its clients.
‘I personally identify very strongly with our purpose, ‘Real Value for Life’, and am convinced that it will enable us to create value for our clients, for the communities in which we invest and for a more sustainable world. With its experience, track record, strong governance and scale, Bouwinvest is uniquely positioned to offer its clients real estate investments that align with their goals of creating stable financial, environmental and social returns.’
Under Van Hal’s leadership, Bouwinvest opened up its Dutch real estate portfolio, added funds in new real estate sectors and listed investments, increased the sustainability of its portfolios and continued its internationalisation.
Invested capital increased from €5.7 bn in 2008 to €16.3 bn in Q1 2022, with €11.2 bn of this invested in the Netherlands and €5.1 bn abroad.
Commenting on his impending departure, Van Hal said: ‘This is a natural moment to hand over the baton. Covid-19 is behind us, we have set up client management, the risk management organisation is at a higher level and the real estate portfolios at home and abroad are in good shape. The planning cycle for 2023 starts this autumn and Mark can now take responsibility for that. As of 1 September, it will be time for me to strike out on new paths.’
Jos Nijhuis, supervisory board chairman of Bouwinvest, said: ‘Dick has taken Bouwinvest to a new level and overseen its growth into a modern investment firm. We are very grateful for his long-term and passionate commitment to the company, its employees and its clients. It is also great to see that we can fill the CEO position via internal succession. Mark knows Bouwinvest’s direction and strategy. He will continue this, actively working on adding new product-market combinations to Bouwinvest's portfolio.’
From 1 September, Bouwinvest's executive board will consist of CEO Mark Siezen, chief financial & risk officer Rianne Vedder, chief investment officer for Dutch investments Allard van Spaandonk, and chief investment officer for international investments Stephen Tross. A successor has yet to be found for Siezen in the chief client officer role.
