Gabrielle Krapels was named as chief policy officer at PGGM's asset management unit, responsible for strategic policy advice and investment strategy for one of the Netherlands’ largest pension funds.
Krapels will start July 1, a news release said. Whether the role is new could not immediately be learned.
She will carry out her duties on behalf of Pensioenfonds Zorg en Welzijn, Zeist, which had €246.9 billion ($267.3 billion) in assets as of March 31. Krapels will report to Geraldine Leegwater, chief investment management.
Her appointment completes the management team of the new PGGM asset management unit, which will focus on advising, implementing and executing on PFZW’s Investment Policy 2030, effective June 1, the news release said.
"With Gabrielle’s arrival, the management team of our new investment management organization is complete," Leegwater said in the release. "Gabrielle brings valuable experience in advising on the strategic investment policy of pension funds. In particular, her knowledge in integrating return, risk and sustainability in the investment policy will be of added value in realizing the joint strategy of PFZW and PGGM."
A spokesman could not immediately be reached for comment.
Krapels was managing director responsible investments on APG Asset Management’s fiduciary management team. A spokesman said APG, which manages the €552 billion Stichting Pensioenfonds ABP, Heerlen, the Netherlands’ largest pension fund, will not immediately replace her. The leaders of the team will take up some of her tasks in the coming months, giving management time to reflect on a replacement, he added.
