Dutch Pension Giant Replaces Chief Finance & Risk Officer

PGGM has appointed a new steward to oversee its governance arrangements.

Paul BoomkampPaul Boomkamp, incoming CFRO, PGGMPaul Boomkamp is to become PGGM’s chief finance and risk ifficer (CFRO) in September, the Dutch pension manager has announced.

He is to replace Paul Loven, who has held the position since PGGM’s creation in 2009. Loven is leaving to build a consulting firm.

“I am very pleased [to welcome] Paul Boomkamp as a new member of the team and our organisation,” said PGGM CEO Else Bos. “He has extensive experience in different environments, both in the financial sector in health care. It fits in well with the challenges [faced by] PGGM and [the] pension sector.”

PGGM manages more than €188 billion on behalf of PFZW, the industry-wide pension fund for Dutch health care workers.

Boomkamp began his career at petrochemical company Shell, after which he moved to consultancy McKinsey before taking senior operational roles at AXA and Aegon in the Netherlands. He is on the executive board of the Catharina Hospital in Eindhoven.

Last year, PGGM announced it would reduce its workforce by 15% to try to cut costs by €50 million a year.

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