NETHERLANDS - Hans Schlukebir will leave the e70bn PGGM pension fund after two years as head of fixed income, for a new role at Holland Capital Management.
Piet Roelandt, director of fixed income, treasury and commodities at PGGM, which caters to the healthcare and social work sector, said: “We very much regret Hans Schlukebir’s departure. Hans played an important role in further expanding our fixed-income portfolio and in improving our investment processes.”
Schlukebir will leave on 1 March 2006. Bob Rädecker will then act as head of fixed income until a successor is found. PGGM said they would most likely recruit his replacement internally.
In November Global Pensions reported that Jan van der Vlist, then director of structured investments at PGGM, and Anneke van der Putter, then senior portfolio manager of real estate, had decided to leave the pension fund at the turn of the year for NIBCapital merchant bank.
The two planned to establish a business unit focused on investment management activities in real estate and infrastructure sectors.
By Lisa Haines
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".