PGGM, the €105bn Dutch pension manager, has appointed a central banking veteran with little fund management experience as its new chief investment officer.

Eloy Lindeijer, currently head of financial markets at De Nederlandsche Bank, the Dutch central bank and regulator, will join PGGM in September. Linderijer has worked at the central bank for 20 years and is a member of numerous financial organisations including the pension fund of the central bank, the settlement bank of the Netherlands, and the European Central Bank's Operations Managers Group.