NETHERLANDS - Head of Alternative Beta, Jelle Beenen, is leaving PGGM to start work with Mercer as head of investment strategies consulting.
 
A statement from PGGM - the new administration arm created as a separate entity to the pension fund Zorg en Welzijn (PZW) - said Beenen "made an outstanding contribution to the innovation of the organization" since his arrival in 2000.

Sources have told IPE Beenen is on gardening leave until his official departure date of April 1.

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