NETHERLANDS – The €10.4bn Dutch railway pension scheme SPF has just appointed PGGM’s Jan-Theo Varkevisser as portfolio manager for fixed income and the treasury.

Varkevisser, 36, will start at the pensions administrator on 1 October. He was formerly a junior investment manager at PGGM for nine years.

“I imagine when you have been working at the same place for nine years it is a good moment to find a new environment,” said PGGM spokesperson Martin van den Akker, commenting on the move.

Varkevisser will be replacing Michèl Pankras, who left SPF Beheer in August to work for the Dutch civil service scheme ABP which has €170bn worth of assets under management.

SPF has also appointed Leran Parren – who worked for their investment strategy and risk management department – to the position of portfolio manager in the fixed income and treasury department with immediate effect.

Parren will be replacing Johan Idema, 31, who has worked for the scheme for six and a half years. He has been appointed portfolio manager for fixed income at Swiss Life, and started on 1 September.