Munsters in shock departure from PGGM

Roderick Munsters has left PGGM to become head of investments at ABP, the Netherlands pension fund and Europe's largest. The scheme has €157bn ($191bn) under management.

Munsters, currently chief investment officer at the €57bn PGGM scheme for Dutch healthcare workers, will take over from Jean Frijns who has been appointed as head of the Dutch monitoring commission for corporate governance.

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