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
Birth date: 25-3-1967
E-mail:
[email protected]
Married, two sons, one daughter
Education BA
Modern Japanese Studies, 1990, Faculty of Economics, Erasmus University
BA, MA
Business Economics, 1991, Erasmus University
Ph.D.
Finance, 1996, Tinbergen Institute, Erasmus University
Languages Dutch (mother tongue), English (fluent), Italian (very good), German/Japanese (fair)
Present occupations From 1-1-2008 Director Corporate ALM & Risk Policy, APG All Pensions Group From January 2008, Steenbeek heads a new department, which is responsible for APG’s ALM model as well as internal risk models. These models are used to optimize 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. From 1996 Professor, Dept. of Finance, Erasmus School of Economics, Erasmus University One day a week, Steenbeek is affiliated with the Finance department of the Erasmus University in Rotterdam; a position he held full-time before joining ABP in 2001. Apart from lecturing on various finance subjects (mainly on pension fund investment management), he continues to conduct academic research and publish books and articles. In 2005, 2007 and 2009, he organized policyoriented pension conferences at Erasmus School of Economics.
Other •
Member internal audit committee PKN Pension Fund
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Member of the Supervisory Board of Optimix Investment Funds N.V. (from 1 November 2010)
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Lecturer Stichting Pensioen Opleidingen (SPO)
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Winner 2009 Visibility Award Erasmus School of Economics
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Winner 2009 NYSE-Euronext 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 widely in academic and professional journals. In 2007 he co-edited a book titled “Costs and benefits of collective pension systems” (Springer, September 2007) which has had a major impact on the Dutch pension sector. For a current overview of his work, please refer to the appendix.
Teaching Master Financial Economics (Erasmus School of Economics): Seminar Pension Fund Management (2006-present) 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 course) Elective Pension Fund Management Master in Financial Management (Rotterdam School of Management) International Financial Markets Pension Fund Management Bachelor courses (Erasmus School of Economics) Foundations of Finance (in Dutch and English) Elective Financial Markets in Asia Various courses also taught at Hofstra University, New York (1995), Catania, Italy (2001-2003, 2005), Beirut (2008). Various in-company Risk Management courses, e.g. at ING, NedCar 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, Vancouver, 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, Boca Raton, Toronto, Tokyo, Beijing, Jakarta, Singapore and many others.
Hobby’s Traveling, reading, family, running, squash
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Appendix: Publications Work in progress Title: The impact of Japanese Mergers on Shareholder Wealth: An Analysis of Bidder and Target Companies Co-authors: Vikas Mehrotra, Dimitri van Schaik and Jaap Spronk Forthcoming in the Journal of Financial and Quantitative Analysis 2011 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) Title: ALM after the credit crisis Co-authors: Rob van den Goorbergh (APG Asset Management), Roderick Molenaar (APG Asset Management) and Peter Vlaar (APG and Netspar) Title: Collective Pension Funds in China: Costs and Benefits of Solidarity Co-author: Fieke van der Lecq (Erasmus University and NMa) Title: Double or Nothing: Patterns of Equity Fund Holdings and Transactions Co-authors: Stephen Brown (NYU), David Gallagher (UNSW), Peter Swan (UNSW) Books Lecq, S.G. van der, en O.W. Steenbeek (red.), 2006, Kosten en Baten van Collectieve Pensioensystemen, 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, 2008, Pensioenwoordenboek / Pension Dictionary, 2nd edition, Deventer: Kluwer. Steenbeek, O.W., 1996, Financial Regulation in Japan; systemic risk and the Nikkei futures market (Ph.D. thesis), Amsterdam: Thesis Publishers. Pensions Barentsen, W., O.W. Steenbeek, F. van Weegberg and V. Zanting, 2005, “Scanning the Future at ABP”, Investments & Pensions Europe, January, pp.1. 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. Steenbeek, O.W., 2006, “Hoofdstuk 2: Wet- en regelgeving”, in: C. Petersen (red.), Risicomanagement door Pensioenfondsen, Epse: PBM. Lecq, S.G. van der, and O.W. Steenbeek, 2006, “Solidariteit in Euro’s”, Pensioen Magazine, Nr.10 (december), 14-18. Lecq, S.G. van der, and O.W. Steenbeek, 2007, “Wealth transfers in collective pension systems”, Investments & Pensions Europe, February, 15-17. 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. Investments
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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., 1996, 'Uit de vakliteratuur: Oogverblindend', Economisch Statistische Berichten, nr. 4045, p. 143. 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., 2000, ‘De zin van actief beleggen’, Vakblad Financiële Planning, 5de jaargang, nr. 1, januari, p.2. 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. 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. 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. 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. Steenbeek, O.W., 2004, "Aandeleninkoopprogramma’s creëren geen aandeelhouderswaarde", Economisch Statistische Berichten, Jaargang 89, nr. 4445, 513-515.
Market microstructure Steenbeek, O.W., 1993, ‘Intraday patterns in the market for Nikkei futures’, The Futures and Options Report, September, Osaka: Osaka Securities Exchange. Berkman, H. en O.W. Steenbeek, 1995, 'Beurse plekken', Economisch Statistische Berichten, 1 februari, nr. 3995, p. 105-109. 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. Bergh, W.M. van den, en O.W. Steenbeek, 2 april 1997, ‘Handelsbeperkingen op de beurs’, Economisch Statistische Berichten, nr. 4100, p.271-274. Steenbeek, O.W., 2 april 1997, ‘Uit de vakliteratuur: Handelssystemen en prijsvorming’, Economisch Statistische Berichten, nr. 4100, p.275. Steenbeek, O.W., 1997, ‘Handelssystemen’, Bank- en Effectenbedrijf, juli/augustus, p.32-37. Steenbeek, O.W., 1998, ‘De zoektocht naar het beste handelssysteem’, Nederbelgisch Magazine, februari/maart, p.30-35. 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. Steenbeek, O.W., 1999, ‘De Beurs van Europa’, Bank- en Effectenbedrijf, januari/februari, p.12-15. Martens, M. and O.W. Steenbeek, 2000, 'Handelssystemen en concurrentie tussen effectenbeurzen', Bank- en Effectenbedrijf, november, p.24-28. 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. Other
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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. 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 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. Jong, C. de en O.W. Steenbeek, 2001, 'Slim handelen voorkomt stroomcrisis', Economisch Statistische Berichten, Vol.86, Nr.4311, p.452-454. Grimmelt, B. en O.W. Steenbeek, 2001, 'Venture Capital deal structurering in Nederland', Maandblad voor Accountancy en Bedrijfseconomie, Vol.75, Nr. 7/8, p.321-335. 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 e (Winnaar 1 prijs VOGON/PropertyNL Research Award voor beste Vastgoed gerelateerde onderzoek in 2006).
Book reviews 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. 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 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., 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., 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., 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., 2000, Book note: ‘Asia Pacific Financial Deregulation', edited by G. de Brouwer and W. Pupphavesa, London: Routledge, 1999’, The Economic Journal, 1 pp. 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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