NETHERLANDS - Johan van der Ende, currently at the helm of strategy and structured investments at PGGM, has been promoted to chief investment officer.

Having been acting CIO since January, he will officially take on the top investment role at the recently-created pension administrator and asset manager of the €86bn Dutch PFZW pension fund from early July, following the departure of Piet Roelandt.

Roelandt was appointed as CIO of portfolio management in March 2007 after Leo Lueb was relieved of his duties and appointed as adviser, but after less than a year in the role Roelandt announced in January he intended to leave PGGM in May to cycle across America, hoping to "return quickly to a new job in the financial markets". (See earlier  IPE story: Roelandt to leave PGGM for 'new challenges)

PGGM announced this morning Van der Ende, as CIO of PGGM Investments, will combine the responsibilities of his current position with those of the CIO of portfolio management.

"In his new position Johan will be responsible for managing all PGGM's investment departments. He will continue reporting to the chief executive of PGGM Investments [Else Bos] as does the chief operating officer (COO), Marc van den Berg."

Commenting on the appointment, Else Bos, said: "Johan van der Ende will be seeking to reinforce our position as an innovative, sustainable, long-term asset manager. I have much confidence in his knowledge, powers of persuasion and focus."

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