The Supervisory Board oversees the Achmea Bank Executive Board and gives advice. The powers and responsibilities of the Supervisory Board are described in the articles of association (Dutch only) and the Supervisory Board by-laws (Dutch only).
The composition of the Supervisory Board
The composition of the Supervisory Board is such as to enable it to perform its duties properly. For appointment or reappointment to the Board, candidates must satisfy the criteria as described in in the Supervisory Board Profile (Dutch only). Compliance with this profile provides assurances that the Board possesses the necessary knowledge and experience.
Members of the Supervisory Board
Achmea Bank's Supervisory Board has four members who complement each other well, in terms of background, knowledge, experience and responsibilities. All the members have extensive experience in the financial sector. They accordingly possess a good understanding of the role of a bank in society and are capable of making balanced assessments of the interests of all our stakeholders.
A supervisory board member is appointed for a term of four years. Reappointment only takes place after careful consideration and is possible only twice, each time for a tenure of four years. Reappointment depends on different factors. Due consideration is given to the profile of the Supervisory Board, the performance of the relevant individual and the length of tenure.
Retirement dates and eligibility for reappointment as member of the Supervisory Board of Achmea Bank are shown below for the individual members of the Board.
Most recently appointed
Term of office expires
Henny te Beest
Huub Arendse has been a member of the Supervisory Board since 1 August 2017 and is the Chairman since 1 January 2018.
Mr Arendse is a qualified chartered accountant since 1985. After earning his Economics degree at the University of Amsterdam he began his career at Peat Marwick Netherlands, which later formed KPMG. Mr Arendse headed KPMG Financial Services from 2003 to 2007.
Mr. Arendse was a member of the Executive Board of Achmea from 1 April 2013 until 1 April 2017 where he held the position of Chief Financial Officer. Before joining Achmea, Mr Arendse was also a member of the Global Insurance Leadership team of KPMG International.
Mr. Arendse was also a member of the Financial-Economic Affairs Committee of the Dutch Association of Insurers, IRSG (Insurers and Reinsurers Stakeholders Group) and AMICE.
Henny te Beest has been a member of the Supervisory Board since 18 November 2015.
Mr te Beest is a certified Public Accountant and a registered EDP auditor. He began his career at the Dutch Ministry of Defence, where he had the rank of lieutenant colonel.
Subsequently, his appointments have included CFO of Amsterdam Trade Bank, CFO of Staalbankiers, CFO of Achmea Bank and CFO of Achmea Hypotheekbank, Operations Manager at Van der Hoop Effektenbank and Head of Control at the Amsterdam Stock Exchange and Stichting Toezicht Effectenverkeer.
He has also held various other offices including teaching posts, as well as examiner at the University of Amsterdam and the Nyenrode Business University, a seat on the Board of Governors of Raphael Stichting and Chairman of the regional branch of the Dutch accountants association NIvRA in Noord-Holland.
Jan Molenaar has been a member of the Supervisory Board since 1 October 2008.
Up to the end of 2014, Mr Molenaar was Director of Rabobank Mortgage Bank, Rabobank Groenbank and Rabobank Cultuurbank.
Prior to that, his appointments included Head of Finance at Rabobank Netherlands and Head of SME Business at Rabobank Netherlands.
He has also held various other offices including Chairman of the Contact Body of Mortgage Lenders, Chairman of the Mortgages Working Group of the Dutch Banking Association (NVB) and a seat on the Advisory Committee of Nibud (National Institute for Family Finance Information).
Robert Otto has been a member of the Supervisory Board since 21 January 2020.
Mr Otto studied law at Leiden University and started his career in 1992 at ING. After two years as CEO of OHRA, Robert Otto became managing director of Delta Lloyd’s commercial division in 2010. In mid-2013, he moved to Achmea to become chairman of the Non-Life & Income Protection division. Robert Otto joined Achmea’s Executive Board in August 2015.
Robert Otto is a member of the Board of Thuiswinkel.org. He is also a member of the Board of the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE) and the International Cooperative and Mutual Insurance Federation (ICMIF).