Former PGGM man heads for Horeca

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  • Former PGGM man heads for Horeca

NETHERLANDS - Paul Braams, previously director at PGGM Advies, is taking over in January as director of the Dutch industry-wide pension fund for the hotel, restaurant, cafe and catering industry.

Braams was at PGGM for 13 years when PGGM was still the name of the pension fund - PGGM has since changed to PfZW while its asset management division is now known as PGGM Investments - and last held the post of director for PGGM Advies (in its front office) before leaving and becoming an independent consultant.

Officials at Horeca have now confirmed Braams will be joining the €2.8bn fund as director on 1 January 2009 to fill the gap created by Eric Uijen on 1 November, when he left to join Mn Services as a member of the Pensions and Services management committee. (See earlier IPE story: Horeca funds seeks new director)

PFH&C has approximately 34,00 affiliated companies and 700,000 members.

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