Sections

PGGM combines chief finance and risk management role

Related images

  • PGGM combines chief finance and risk management role

NETHERLANDS - Jac Kragt has been promoted to become chief finance and risk officer (CFRO) at the recently disconnected asset management arm of the giant Dutch health care pension fund Zorg & Welzijn (PFZW).

A spokesman told IPE the organisation, which manages €82bn in pension assets, has decided to "strengthen" the independence of the finance and risk functions, as part of its drive to win third-party mandates.

The spokesman added Kragt's promotion is the addition of a new layer to the management strucutre, as Angeli van Buren, head of the finance department, will remain in her role but will now report to Jac Kragt instead of chief executive Else Bos.

Patty Hofmans, head of risk, will also now report to Jac Kragt instead of to chief operating officer Mark van den Berg.

Kragt joined PGGM Investments only seven months ago, serving as managing director of fundamental strategies.

"Kragt will be managing the performance and risk, operational risk, control and compliance departments," said the company, adding he will report to Else Bos, the chief executive of PGGM Investments.

PGGM's website states it is looking for a risk manager to join its team, while the firm is also looking to recruit a new investment manager for beta asset management.

If you have any comments you would like to add to this or any otherstory, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2570

    Asset class: Direct Real Estate.
    Asset region: Europe excluding Switzerland.
    Size: 150m.
    Closing date: 2019-10-30.

Begin Your Search Here
<