PGGM selects sustainable investments chief

Alex van der Velden was named head of sustainable investment strategies at PGGM, which manages assets for the €88 billion ($127.7 billion) Pensioenfonds Zorg en Welzijn, Zeist, Netherlands. Mr. van der Velden was founder and executive director of FairPensions, which promotes responsible U.K. pension investments. Ben Watson, FairPensions spokesman, said the organization is searching for a new executive director. No further information was available; a PGGM spokesman could not be reached.