NETHERLANDS - Ton Groeneveld, chief investment officer of SPF Beheer, which administers the 10 billion-euro Spoorwegpensioenfonds railway pension fund, is to retire.

He will be succeeded by John van Markwijk, who currently works with the City of Leiden. He was previously chief investment officer at Interpolis Pensions, SPF said.

Groeneveld, 61, who took the position in 1986, will leave on June 1. He is also a member of the board of the Dutch Securities Institute, DSI, in Amsterdam.

SPF manages assets for Spoorwegpensioenfonds, a fund for 63 companies within the rail transport industry which has 70,000 participants.

It has administered Stichting Pensioenfonds Openbaar Vervoer, or SPOV, the Public Transport Pension Fund since January 2000. SPOV has 31 affiliated companies and a total of 24,000 participants, former participants and pensioners. It has assets of more than 1.6 billion euros.

“Generally the capital is invested in shares, bonds, private loans, real estate and mortgage loans; part of the capital is invested in shares and fixed-income securities outside the Netherlands,” the fund said in a statement.

Topics