PGGM has named Erik van de Brake as its head of infrastructure.
He will be responsible for 22 staff managing more than €7.5bn in assets and succeeds Frank Roeters van Lennep, who in September was appointed as CIO of private markets at the €200bn asset manager.
Roeters van Lennep had succeeded in turn Ruulke Bagijn, who left PGGM in May to become global head of real asset private equity at AXA Investment Managers-Real Assets.
Van de Brake has been senior investment manager at PGGM since 2014.
Over the last 10 years, he has held several positions at Rabobank, including head of project equity and head of project finance.
Maarten van der Spek recently left PGGM to join the Abu Dhabi Investment Authority as a senior strategist in the UAE.
He was previously director of strategy for private real estate at PGGM, having joined the Dutch investor in 2009.
PGGM this year increased its commitment to a joint venture with Royal BAM, injecting more capital into the BAM PPP PGGM Infrastructure Co-operation and taking its total investment to €620m with a €140m investment.
The new commitment increased total assets to the partnership to €775m, of which €489m has been directly invested in almost 30 infrastructure and utility projects in Belgium, Germany, Ireland, the Netherlands, Switzerland and the UK.
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