Big Departures at Dutch Pension Giants?
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Elizabeth Pfeuti of Financial News reports, Dutch pension fund giant loses CEO : One of the largest pension funds in Europe is to lose its chief executive, in the latest high-profile resignation to hit the sector. Else Bos, who has led PGGM since 2012, is to quit the organisation in November. PGGM invests €205.8bn for various pension funds, including the €188bn PFZW scheme for medical workers. PFZW is the second-biggest pension scheme in both the Netherlands and Europe . Earlier this month, APG, Europe's largest pension fund, announced that Eduard van Gelderen, its chief executive, will leave the organisation in August . Van Gelderen is to take a senior investment role at the University of California's $100bn investment fund. In a statement published by PGGM, Bos said: “I have very much enjoyed working at PGGM over the past 15 years. An organisation of committed professionals with a green heart who are devoted to creating a valuable future for participants and m