Quick Facts
AriesBiography
Hans Hoogervorst (born 19 April 1956 in Haarlem) is a Dutch political and business figure. He is chairman of the International Accounting Standards Board.
Career
Hoogervorst was the Minister of Health, Welfare and Sport of the Netherlands between May 2003 and February 2007. His previous positions in the Dutch government include Minister of Finance (2002–2003) and State Secretary (Deputy Minister) of Social Affairs and Employment (1998–2002).
After completing his secondary education, he studied history at the University of Amsterdam, graduating in 1981. He then went on to obtain a Master of Arts degree in international relations from Johns Hopkins University SAIS in Washington, D.C. in 1983.
From 1983 to 1986 Hoogervorst worked as an international banking officer with the National Bank of Washington (Washington, D.C.) and from 1986 to 1987 as a policy officer for international monetary affairs at the Dutch Ministry of Finance. From 1988 to 1994 he was a policy assistant on finance to the People's Party for Freedom and Democracy (VVD) parliamentary party in the House of Representatives and from 1994 to 1998 a Member of Parliament.
From 3 August 1998 Hoogervorst was State Secretary for Social Affairs and Employment in the second Kok government. On 22 July 2002 he was appointed Minister of Finance in the first Balkenende government. From 16 October 2002 he was also responsible for the Dutch Ministry of Economic Affairs. On 27 May 2003 he was appointed Minister of Health, Welfare and Sports in the second Balkenende government. In this position, Hoogervorst introduced a basic health insurance policy, mandatory for all registered inhabitants, but executed by private insurers.
In 2007 Hoogervorst succeeded Arthur Docters van Leeuwen as director of AFM, the Dutch financial market supervisory organization.
On 1 July 2011 he became chairman of the IASB upon the retirement of Sir David Tweedie.
Hoogervorst is faced with many challenges as the new IASB chairman. For instance, countries such as the U.S. and Japan have not yet adopted IFRS.