Piet Roelandt was named CIO for portfolio management at PGGM, Zeist, Netherlands, and Johan van der Ende was named CIO for strategy and structured investments, confirmed spokeswoman Ellen Habermehl. Mr. Roelandt is director of portfolio management at the €81 billion ($107 billion) pension fund, and Mr. van der Ende is director of structured investments. Both will retain those duties and report to Else Bos, CEO for investments.
They replace Leo Lueb, who resigned as CIO effective March 1 and will now work as an adviser to Ms. Bos. He had been CIO since February 2006. Ms. Habermehl said Mr. Lueb decided that his talents would be best used in another way. Attempts to reach Mr. Lueb at press time were unsuccessful.