Curriculum vitae ONNO W. STEENBEEK Home address: Beatrijsstraat 57 3021 RC Rotterdam, The Netherlands Home: +31-10-244 0461 Mobile: +31-6-230 236 50 E-mail:
[email protected]
Birth date: 25-3-1967 Married, two sons, one daughter
Education BA BA, MA Ph.D.
Modern Japanese Studies, 1990, ESE, Erasmus University Economics, 1991, ESE, Erasmus University Finance, 1996, Tinbergen Institute, Erasmus University
Languages Dutch (mother tongue), English (fluent), Italian (very good), Japanese (basic)
Present occupations Director ALM & Risk, APG All Pensions Group Steenbeek heads APG’s ALM and Risk Department, which plays a central role in the determination of the financial strategy of associated pension funds, for overall risk budgeting and for reporting purposes. In addition, the department leads research projects into e.g. the sustainability of current pension contracts and longevity risk. Associate Professor, Dept. of Finance, Erasmus School of Economics One day a week, Steenbeek is affiliated with the Finance department of the Erasmus School of Economics; a position he held full-time until 2001. Apart from lecturing, he continues to conduct academic research and publish books and articles. In 2005, 2007 and 2009, he organized policy-oriented pension conferences at the Erasmus School of Economics.
Other •
Member of the Supervisory Board of Optimix Investment Funds N.V.
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Member Investment Advisory Committee, Pension Fund Fortis Bank Nederland
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Member internal audit committee PKN Pension Fund
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Lecturer Stichting Pensioen Opleidingen (SPO)
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Member Art Committee, APG
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Winner 2009 Visibility Award Erasmus School of Economics
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Winner 2009 and 2010 NYSE-Euronext-IPE Asset Allocation Game
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Previous occupations •
Deputy director, Corporate Strategy Department, ABP Pension Fund
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Head Risk Management, Financial & Risk Policy Department, ABP Pension Fund
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Senior Strategist, ABP Investments
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Various visiting professorships, e.g. at the University of Catania (Italy), Hofstra University in New York, Keio University in Tokyo
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Visiting scholarships at the Bank of Japan and the Japanese Ministry of Finance
Research Steenbeek has published in academic and professional journals. In 2007 he co-edited a book titled “Costs and benefits of collective pension systems” (Springer, September 2007) which had a major impact on the Dutch pension sector. For an overview of publications and current research activities, please refer to the appendix. ERIM Membership is pending (as of September 2011); the required number of publications has been realized, but the last publication has not appeared in print yet. Correspondence regarding renewed ERIM Membership available on request. PhD Project Jairo Rivera-Rozo Culture and Pension Systems, 2010-2014, ERIM, co-promotor: Prof.dr. S.G. van der Lecq, Erasmus School of Economics.
Teaching Master Financial Economics (Erasmus School of Economics): Seminar Pension Fund (2006-present, evaluation scores on average 4.5 out of 5) Seminar Global Asset Management (2001-2006) Seminar Corporate Finance (1996-2001) Seminar Risk Management (1995-1996) Full-time MBA (Rotterdam School of Management) Elective International Finance and Pacific Asia (1996-2006, voted best elective) Elective Pension Fund Management Bachelor courses (Erasmus School of Economics) Foundations of Finance (in Dutch and English) Elective Financial Markets in Asia Various in-company Risk Management courses, e.g. at ING, NedCar
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Presentations Many presentations at academic conferences or seminars: at least once in all university cities in the Netherlands and well as in London, Oxford, Rome, Milan, Paris, Frankfurt, Moscow, Monaco, New York, Ann Arbor, Chicago, Vancouver, Toronto, Tokyo, Beijing, Shanghai, Hong Kong, Singapore, Jakarta, Kuala Lumpur, Seoul, Sydney, Melbourne, Auckland, Christchurch, and others. Many presentations at professional events around the globe, esp. on pension-related topics, e.g. in many cities in the Netherlands, London, Frankfurt, Bordeaux, New York, Chicago, Boca Raton, Toronto, Tokyo, Beijing, Jakarta, Singapore and others.
Hobby’s Traveling, reading, music, running, squash
References •
Stephen Brown, Professor of Finance, Stern School of Business, New York University
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Dick Sluimers, CEO, APG All Pensions Group
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Theo Nijman, Professor of Finance, Tilburg University and Academic director, Netspar
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Appendix: Research overview Forthcoming Title: The impact of scale, complexity and service level on administration costs of pension funds: a cross-country comparison Co-authors: Federico Toracchi (DNB) and Jaap Bikker (DNB and University of Utrecht) Forthcoming in the Journal of Risk and Insurance, 2011 Title: Pension Funds in The Netherlands Co-authors: Angelien G.M. Kemna and Eduard H.M. Ponds Forthcoming in the Journal of Investment Management, 2011/2012 Work in progress Title: Risk Models with Jumps and Time-Varying Second Moments Co-authors: Goorbergh, R.van den, R. Molenaar, O.W. Steenbeek en P. Vlaar, pp.34, http://ssrn.com/abstract=1816371 Title: Collective Pension Funds in China: Costs and Benefits of Solidarity Co-author: Fieke van der Lecq (Erasmus School of Economics) Title: Cultural determinants of pension supervision and regulation Co-authors: Fieke van der Lecq en Jairo Rivera-Rozo (Erasmus School of Economics) Books Lecq, S.G. van der en O.W. Steenbeek, 2008, Pensioenwoordenboek / Pension Dictionary, 2nd edition, Deventer: Kluwer. Steenbeek, O.W. and S.G. van der Lecq (eds.), 2007, Costs and benefits of collective pension systems, Heidelberg: Springer Verlag. Lecq, S.G. van der, en O.W. Steenbeek (red.), 2006, Kosten en Baten van Collectieve Pensioensystemen, Deventer: Kluwer. Bergh, W.M. van den, M.B.J. Schauten, J. Spronk and O.W. Steenbeek (eds.), 1997, Financiering en Belegging, Deel 20, Ridderkerk: Ridderprint B.V. Steenbeek, O.W., 1996, Financial Regulation in Japan; systemic risk and the Nikkei futures market (Ph.D. thesis), Amsterdam: Thesis Publishers. Journal articles: English Mehrotra, V., D. van Schaik, J. Spronk and O.W. Steenbeek, 2011, “The impact of Japanese Mergers on Shareholder Wealth: An Analysis of Bidder and Target Companies”, Journal of Financial and Quantitative Analysis, Vol.46, 1051-1072. Lecq, S.G. van der, and O.W. Steenbeek, 2007, “Wealth transfers in collective pension systems”, Investments & Pensions Europe, February, 15-17. Barentsen, W., O.W. Steenbeek, F. van Weegberg and V. Zanting, 2005, “Scanning the Future at ABP”, Investments & Pensions Europe, January, pp.1. Martens, M. and O.W. Steenbeek, 2001, 'Intraday trading halts in the Nikkei futures market', Pacific Basin Finance Journal, Vol.9, Nr.5, 535-561. 4
Brown, S.J. and O.W. Steenbeek, 2001, 'Doubling: Nick Leeson's trading strategy', Pacific Basin Finance Journal, Vol.9, Nr.2, p.83-99. Berkman, H. en O.W. Steenbeek, 1998, ‘The influence of daily price limits on trading in Nikkei futures’, Journal of Futures Markets, May, vol.18, nr.3, p.265-279. Nishikawa, S. en O.W. Steenbeek, 1997, ‘Vissering no keizaigaku to tokeigaku (Vissering studies of economics and statistics)’, in: Okubo, T. (ed.), 1997, Tsuda Mamichi; kenkyû to denki (Tsuda Mamichi; research and bibliography), Tokyo: Misuzu shôbô, p.149-176. Berkman, H. en O.W. Steenbeek, 1995, 'Price limits and the mispricing of Nikkei futures', in: L. Lynn (ed.), Best papers proceedings, Association of Japanese Business Studies, Ann Arbor: University of Michigan, p.235-250. Stassen, R.J. en O.W. Steenbeek, 1995, 'Reforming the Milan Stock Exchange', in: Donders, M., M.H. Goedhart and A.C.F. Vorst (eds.), Financiering en Belegging 1995, Rotterdam: Erasmus University, p.362-381. Steenbeek, O.W., 1993, ‘Intraday patterns in the market for Nikkei futures’, The Futures and Options Report, September, Osaka: Osaka Securities Exchange.
Articles in Dutch: Pensions Haan, P.J. de en O.W. Steenbeek, 1e kwartaal 2011, “De tweede pijler in beweging”, Het Verzekeringsarchief, jaargang 88, nr.1, 229-234. Bikker, J.A. en O.W. Steenbeek, oktober 2010 “Schaaleffecten van pensioenfondsen”, Economisch Statistische Berichten, Jaargang 95, Nr. 4595, 630-633. Goorbergh, R.W.J. van den, R.D.J. Molenaar, O.W. Steenbeek and P.J.G. Vlaar, 2010, "ALM-modellen na de kredietcrisis" (ALM-models after the credit crisis), VBA Journaal, Vol.26, najaar, 15-20. Kam, C.A. de, S.G. van der Lecq, O.W. Steenbeek en O.C.H.M. Sleijpen, 2007, De AOW ziet Abraham, hoofdstuk 2 in Jaarboek Overheidsfinanciën 2007, Den Haag: Sdu / Wim Dreesstichting, pp. 63-85. Lecq, S.G. van der, and O.W. Steenbeek, 2006, “Solidariteit in Euro’s”, Pensioen Magazine, Nr.10 (december), 14-18. Steenbeek, O.W., 2006, “Hoofdstuk 2: Wet- en regelgeving”, in: C. Petersen (red.), Risicomanagement door Pensioenfondsen, Epse: PBM. R.P.M.M. Hoevenaars, O.C.H.M. Sleijpen en O.W. Steenbeek, 7 October 2005, “Het financiële toetsingskader onder de loep” (Scrutinizing the financial assessment framework), Economisch Statistische Berichten, Jaargang 90, Nr. 4472, 434-437. Articles in Dutch: other Kuipers, B., S. Schüller en O.W. Steenbeek, 11 augustus 2006, “Lage inkomens en jongeren profiteren van hypotheekrenteaftrek”, Economisch Statistische Berichten, Jaargang 91, Nr. 4491 (Winnaar 1e prijs VOGON/PropertyNL Research Award voor beste Vastgoed gerelateerde onderzoek in 2006).
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Schauten, M.B.J., O.W. Steenbeek en M. Wycisk, 2001, 'Waardecreatie door spin-offs: aankondigingseffect en post-spin-off performance', Tijdschrift Financieel Management, maart/april, Vol.21, maart/april, p.69-77. Grimmelt, B. en O.W. Steenbeek, 2001, 'Venture Capital deal structurering in Nederland', Maandblad voor Accountancy en Bedrijfseconomie, Vol.75, Nr. 7/8, p.321335. Jong, C. de en O.W. Steenbeek, 2001, 'Slim handelen voorkomt stroomcrisis', Economisch Statistische Berichten, Vol.86, Nr.4311, p.452-454. Steenbeek, O.W. en M.A. van Vliet, 2000, 'Waarde en prijs van Nederlandse beursgenoteerde ondernemingen', Maandblad voor Accountancy en Bedrijfseconomie, Vol.74, Nr.11., p.509-518. Ewalds, S.G., M.B.J. Schauten en O.W. Steenbeek, 2000, 'De informatieve waarde van kwartaalcijfers', Maandblad voor Accountancy en Bedrijfseconomie, Vol.74, Nr.7-8., p.333-341. Martens, M. and O.W. Steenbeek, 2000, 'Handelssystemen en concurrentie tussen effectenbeurzen', Bank- en Effectenbedrijf, november, p.24-28. Steenbeek, O.W., 2000, ‘De zin van actief beleggen’, Vakblad Financiële Planning, 5de jaargang, nr. 1, januari, p.2. Steenbeek, O.W., 1999, ‘De Beurs van Europa’, Bank- en Effectenbedrijf, januari/februari, p.12-15. Schauten, M.B.J., O.W. Steenbeek, L.P.F. van de Voort, J.W. van der Windt en D.J.M. van Zijl, 1998, ‘Obstakels bij het meten van gerealiseerde economische waarde’, Tijdschrift Financieel Management, september/oktober, p.49-61. Steenbeek, O.W., 1997, ‘Handelssystemen’, Bank- en Effectenbedrijf, juli/augustus, p.32-37. Bruin, W. de, en O.W. Steenbeek, 1997, ‘Bent u de gorilla die de beurs verslaat?’, Het Verzekeringsblad, 4 december, nr. 24, p.1622. Steenbeek, O.W., 1997, ‘Uit de vakliteratuur: Handelssystemen en prijsvorming’, Economisch Statistische Berichten, nr. 4100, p.275. Bergh, W.M. van den, en O.W. Steenbeek, 1997, ‘Handelsbeperkingen op de beurs’, Economisch Statistische Berichten, nr. 4100, p.271-274. Steenbeek, O.W., 1996, 'Uit de vakliteratuur: Oogverblindend', Economisch Statistische Berichten, nr. 4045, p. 143. Berkman, H. en O.W. Steenbeek, 1995, 'Beurse plekken', Economisch Statistische Berichten, 1 februari, nr. 3995, p. 105-109. Steenbeek, O.W. en A.C.F. Vorst, 1995, 'Zijn goed geleide ondernemingen ook goede beleggingen?', Economisch Statistische Berichten, 20 december, nr. 4038, p.1146-1147. Steenbeek, O.W., 2004, "Aandeleninkoopprogramma’s creëren geen aandeelhouderswaarde", Economisch Statistische Berichten, Jaargang 89, nr. 4445, 513-515.
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Book reviews Steenbeek, O.W., 2000, Book note: ‘Asia Pacific Financial Deregulation', edited by G. de Brouwer and W. Pupphavesa, London: Routledge, 1999’, The Economic Journal, 1 pp. Steenbeek, O.W., 2000, Book review: ‘Financial Integration in East Asia', by G. de Brouwer, Cambridge: Cambridge University Press, 1999’, The Economic Journal, forthcoming, 1 pp. Steenbeek, O.W., 1999, Book note: ‘Fiscal frameworks and financial systems in Asia: How much do they matter?', by W. Dobson (editor), Toronto: University of Toronto Press, 1999’, The Economic Journal, October, 1 pp. Steenbeek, O.W., 1999, Book note: ‘External Finance in Thailand’s Development; an Interpretation of Thailand’s Growth Boom', by K. Jansen, The Hague: McMillan & ISS, 1997’, The Economic Journal, October, 1 pp. Steenbeek, O.W., 1997, Book note: ‘Financial Deregulation and Integration in East Asia', Chicago and London: University of Chicago Press, 1996’, The Economic Journal, July, p.1292-1293. Steenbeek, O.W., 1997, Book note: ‘The Changing Capital Markets of East Asia, by K. Cao, London and New York: Routledge, 1995’, The Economic Journal, July, p.1292. Steenbeek, O.W., 1997, Book review: ‘Japanese Banking: A History 1859-1959, by N. Tamaki, New York: Cambridge University Press, 1995’, The Economic Journal, May, p.837-839. Newspapers Jong, C. de en O.W. Steenbeek, 8/3/2001, 'Maximum stroomprijs slecht idee', Het Financieele Dagblad, p.8. Jong, C. de en O.W. Steenbeek, 21/4/2001, 'Met derivaten kun je juist een stroomcrisis voorkomen', Het Financieele Dagblad, p.8. Bierkens, P.A. en O.W. Steenbeek, 23-10-2001, 'Organiseer de Voetbalsector als een Franchiseketen', Het Financieele Dagblad, p.8. Steenbeek, O.W., 20/2/2007, ‘Pensioenfondsen streven niet naar winst’, Het Financieele Dagblad, p.9. Steenbeek, O.W., 10/3/2010. ‘Geef pensioenfondsen ruimte’, Het Financieele Dagblad, p.7.
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