NETHERLANDS - THE €20m (US$25.7m) Aena Pension Fund has appointed PGGM to provide it with pension administration and investment services.
PGGM said the mandate was effective from January 1.
This is the first client PGGM has won since it was formally split from PFZW, the Dutch pension fund for the care and welfare sector.
PFZW remains as PGGM's biggest client.
AENA governing board chairman Hans Megens explained: "PGGM has good pension experience and is both a reputable investor and a reliable administrator.
"In addition, PGGM has a socially responsible and trendsetting approach to investment, which fits in well with our own aims. We are looking forward to successful co-operation."
PGGM chief executive officer Martin van Rijn said: "We are pleased that AENA has chosen PGGM. The service provided for AENA fits in with our strategy of servicing more pension funds."
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