NETHERLANDS – PGGM, the E57bn Dutch health care pension fund, is to name a new chief investment officer by the end of February.
PGGM’s current CIO, Roderick Munsters, is to leave the fund on February 25. Munsters is to start his new job as top investor at ABP Europe’s largest pension fund, which looks after E150bn in assets, on March 1.
Munsters is succeeding Jean Frijns, who is leaving the civil service fund to monitor the implementation of the new corporate governance code in the Netherlands.
Munsters had been PGGM’s top investor for seven years.
A PGGM spokesman told IPE it was “in talks” with a number of candidates. “In the first instance, PGGM is looking for an investor who is also an inspirational manager and who fits in with the current board,” she said.