Hans de Ruiter was named chief investment officer of the €2.37 billion ($3.13 billion) Stichting Pensioenfonds TNO, Rijswijk, Netherlands, as of June 1, according to Joop T. Ruijgrok, the fund's managing director.
He will replace Arjan Vermaire, who left in December to join the €10.4 billion Pensioenfonds Vervoer, Groningen, Netherlands, as strategist for the fund.
Mr. de Ruiter is currently senior investment manager at the €5.5 billion Stichting Pensioenfonds Hoogovens, Ijmuiden, Netherlands.
Jelles van As, CIO of Hoogovens, could not be reached by press time for further information.
