Frank Roeters van Lennep will leave his post as chief investment officer for public and private markets at €229bn Dutch pension asset manager PGGM at the end of this year.
Roeters van Lennep had been on the board of PGGM since 2016 as head of private market investments, having started his career at the pension asset manager as head of infrastructure investments in 2014. Before that, he worked at KPMG as a corporate finance advisor.
After the departure of Bob Rädecker in 2022, public markets was added to Roeters van Lennep’s portfolio. Since 2020, he has been reporting to Geraldine Leegwater, PGGM’s investment management chief.
According to a PGGM spokesperson, Leegwater’s role differs from that of Van Lennep, being “of a more strategic nature”.
“After careful consideration during the last couple of months, I have come to the conclusion that it will be good for the organisation and myself that I step down and continue my career outside PGGM,” Roeters van Lennep said, adding he believes it’s better “that someone else will lead the charge” in implementing PGGM’s new impact investing strategy for 2030.
PGGM has initiated a search for a successor to Roeters van Lennep.