PGGM Appoints Lars Dijkstra as Interim CIO

By Muskan Arora

The $237.8 billion PGGM, Dutch pension fund manager has appointed Lars Dijkstra as the new interim chief investment officer, following the resignation of Frank Roeters van Lennep last year.

Taking to LinkedIn, Dijkstra mentioned that he joined PGGM “to help them out with the execution of Strategy 2030”.

A part of this strategy is a reduction of carbon emissions of PGGM’s investment portfolio by 50%.

Prior to taking over the office in February, Dijkstra was the chairman of the board at Stichting Eumedion for six years.

Before that he had worked as an external advisor for De Nederlandsche Bank’s investment committee for almost eight years.

He joined the bank after spending almost nineteen years at Van Lanschot Kempen as both chief investment officer for sixteen years and chief sustainability officer for almost three years.

PGGM invests assets on behalf of Stichting Pensioenfonds Zorg en Welzijn, Zeist, the second largest pension fund in the Netherlands with €237.8 billion ($257 billion) in assets.

In recent times, the firm has made changes to incorporate sustainability into daily decision-making processes and operations.

In addition, Tosca Holtland was appointed as the head of corporate sustainability, responsible for defining and monitoring the firm’s strategic sustainability goals. Holtland would also be monitoring the progress, stakeholder engagement and consistent communication in different markets.

Roeters had been the PGGM’s CIO since April 2022 and stepped down in September 2023 to join energy firm SCW Systems as head of business development.