PGGM, the €200 billion Dutch pension fund manager that ranks as the most influential investor in European private equity, has appointed a new boss for its private markets division, four months after the previous head switched to join AXA Investment Managers.

Frank Roeters van Lennep has been appointed chief investment officer of the Dutch investor's private markets division, according to a September 15 statement from the firm. He succeeds Ruulke Bagijn who left PGGM and joined Axa in May.