Stichting Bedrijfstakpensioenfonds PB, Amsterdam, hired PGGM as fiduciary manager of the plans €300 million ($390 million) in total assets, PGGM spokeswoman Chris Ypma said.
The fiduciary management mandate is the second this year for PGGM, which manages the assets of the €71.5 billion Pensioenfonds Zorg en Welzijn, Zeist, Netherlands.
Information on the current managers of Particuliere Beveiliging, the Dutch private security industry pension fund, was not available from Ms. Ypma. Fund officials could not be reached by press time.
Consultant Avida International assisted.