New President of the Executive Committee of KBC Asset Management NV

Bremen, (PresseBox) - Mr Antoon Termote, President of the Executive Committee of KBC Asset Management, has expressed his intention to retire from KBC on 1 January 2011.

KBC Group wishes to express its sincere gratitude to Mr Termote for his dedication over the years and for his contribution to the growth of the KBC group.

Johan Lema, currently General Manager of KBC Strategy Group - KBC Group NV, has been proposed as new President of the Executive Committee of KBC Asset Management. His appointment has been approved by the Board of Directors of KBC Asset Management and by the Belgian Banking, Finance and Insurance Commission.

A law graduate from Ghent University, Johan Lema (°1971) started his career at KBC (the former Kredietbank) in 1996 as a Product Development & Legal Support Adviser at KBC Asset Management. In 1999, he took up the post of Senior Adviser, Private Equity at KBC Private Equity, a KBC subsidiary. In 2004, he moved to Strategy Group - KBC Group NV, where he was appointed General Manager in 2008.

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