Bas NieuweWeme
About Bas NieuweWeme
Bas NieuweWeme (age 53) is an independent director of Clearwater Analytics (CWAN), appointed July 31, 2025, as a Class I director with a term expiring at the 2028 annual meeting . He brings >25 years of global asset management leadership, including Global CEO of Aegon Asset Management (2019–2024); he holds a law degree (tax law) from the University of Amsterdam and an Executive MBA from NYU Stern . He is currently a Senior Advisor at Boston Consulting Group (since June 2025) and is team manager for the Dutch National Men’s Hockey Team (since Nov 2024) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Aegon Asset Management | Global Chief Executive Officer; Member, Aegon Ltd. Executive Committee | 2019–2024 | Led global asset manager; oversaw >$400B AUM per company release context |
| La Banque Postale Asset Management (LBPAM) | Non‑Executive Director; Vice Chairman, Supervisory Board | 2019–2024 | Oversight role at major European asset manager |
| Aegon Industrial Fund Management Co. Ltd. (AIFMC, China) | Board Member | 2019–2024 | Governance oversight at top‑10 China fund manager |
External Roles
| Organization | Role | Start/Status | Notes |
|---|---|---|---|
| Boston Consulting Group | Senior Advisor | June 2025 – present | Strategy advisory; potential intersection with financial services clients |
| Dutch National Men’s Hockey Team | Team Manager | Nov 2024 – present | External non‑business role |
Board Governance
- Appointment and status: Independent director (NYSE standards), appointed July 31, 2025; Class I term through 2028; indemnification agreement executed; no Item 404(a) related‑party transactions disclosed .
- Committees: CWAN’s committees are fully independent; Audit Committee expected composition post‑2025 annual meeting is Aigrain (Chair), Aghi, Jones; no committee assignment for NieuweWeme disclosed to date .
- Board structure/attendance: Board separated Chair/CEO; majority independent; in 2024 the Board met 8x and each director attended ≥75% of meetings; Bas was not yet on the Board in 2024 .
Fixed Compensation
| Component | Amount | Terms | Source |
|---|---|---|---|
| Annual cash retainer (director) | $40,000 | For non‑affiliated directors | |
| Committee member fee (Audit) | $10,000 | Annualized, if assigned | |
| Committee Chair fee (Audit) | $20,000 | Annualized, if assigned | |
| Reimbursement | Reasonable out‑of‑pocket expenses | Standard policy | |
| Bas NieuweWeme cash retainer | $40,000 | Annualized for Board service |
Performance Compensation
Directors receive time‑based equity (no performance metrics). No options are granted to directors under current policy .
| Award Type | Value | Grant/Timing | Vesting | Source |
|---|---|---|---|---|
| Initial RSU (new director) | $350,000 | For Bas’s initial year of service | 1/3 on each of the first 3 anniversaries of grant | |
| Annual RSU (director) | $200,000 | Typically granted on the annual meeting date | Vests at next annual meeting (legacy policy) or 3‑year vesting for incremental grants as approved in Feb 2025 |
Notes: In Feb 2025, the Board approved 1.75x initial RSU value for new directors (i.e., $350k) vesting over three years; and an additional 0.75x RSU to then‑serving independent directors, vesting over three years . No stock options to directors in 2024 .
Other Directorships & Interlocks
| Company/Institution | Role | Public Company? | Dates |
|---|---|---|---|
| LBPAM (France) | NED; Vice Chair, Supervisory Board | No (subsidiary/affiliate of La Banque Postale) | 2019–2024 |
| AIFMC (China) | Director | No (PRC fund manager) | 2019–2024 |
| Current public company boards | — | None disclosed | — |
Expertise & Qualifications
- Global asset management leadership across U.S., Europe, and Asia; experience overseeing complex alternatives and fixed income platforms; cross‑border M&A and integration expertise highlighted in company communications .
- Education: Law degree (tax specialization), University of Amsterdam; Executive MBA, NYU Stern .
Equity Ownership
| Item | Policy/Status | Source |
|---|---|---|
| Director ownership guideline | 5x annual cash retainer within 5 years (directors not affiliated with principal equity owners) | |
| Anti‑hedging/pledging | Hedging and short sales prohibited; pledging requires pre‑approval | |
| Beneficial ownership/Forms | Bas appointed post‑record date of 2025 proxy; individual ownership details not disclosed in 2025 DEF 14A |
Governance Assessment
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Positives:
- Independence confirmed; no related‑party transactions under Item 404(a) at appointment; indemnification agreement in standard form .
- Deeply relevant domain expertise (institutional asset management, alternatives, multi‑region oversight) aligned with CWAN’s client base and product roadmap .
- Board governance framework: majority independent, fully independent committees, separated Chair/CEO roles, annual self‑evaluations .
- Director pay mix balanced toward equity, aligning with shareholder interests (time‑based RSUs); ownership guidelines drive alignment over time .
-
Watch items / potential conflicts:
- External role as Senior Advisor at BCG: monitor for any advisory engagements between BCG and CWAN that could trigger related‑party transaction review (none disclosed at appointment) .
- Committee assignment not yet disclosed; investors may seek his eventual placement (e.g., risk/strategy or client‑facing committees) to leverage his asset management expertise .
-
Contextual signals:
- 2024 Say‑on‑Pay support ~92% indicates generally supportive shareholder sentiment on compensation practices; committee has engaged independent consultant (Aon) and tightened SBC trends—constructive governance backdrop for new directors .
No RED FLAGS identified to date (no related‑party transactions, independence confirmed, standard director pay structure). Continue monitoring for committee assignments, equity ownership progression relative to guidelines, and any BCG‑related engagements requiring Item 404 review .