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Marcel Jeucken leaves PGGM RI Managing Director job

Frank Roeters van Lennep named as interim role replacement.

Marcel Jeucken, Managing Director Responsible Investment, at PGGM, the €205bn Dutch pension fund service provider is leaving the fund at the end of this month to become an independent adviser on responsible investment.
Jeucken, a highly respected RI professional joined PGGM in 2006 as head of the Responsible Investment team, which was then being established. Prior to that he was a director at the Dutch branch of what later became Sustainalytics, and before that an economist at Rabobank. Jeucken is the author of several books and holds a PhD in economics on Sustainability in Finance.
PGGM said Jeucken’s RI position will be filled in the interim by Frank Roeters van Lennep, its CIO for Private Markets, before a replacement is named.
During the transition, Jeucken will continue to work as an adviser for PGGM and hold PGGM’s administrative positions in important networks such as Eumedion, the Dutch corporate governance body, and the Institutional Investors Group on Climate Change.
In 2009, Jeucken joined the management team (MT) of PGGM’s Front Office, and in 2011 he joined the MT and the Investment Committee of PGGM Asset Management as Managing Director for Responsible Investment.He was a delegate of the UN Principles for Responsible Invesment (PRI) Advisory Council.
Eloy Lindeijer, Chief Investment Management at PGGM, said: “Marcel is an important driving force and thought leader for PGGM. He has inspired and supported our clients to take new steps with their responsible investment policy, investing in solutions and in their role as engaged shareholders. In part because of this, PGGM has been able to develop as a leader in the field of responsible investment.”
Jeucken is the second major champion of responsible investment to leave PGGM in recent months.
In May, RI reported that Else Bos would leave her role as chief executive on November 1 to take on a new role with responsibility for pension fund supervision on the executive board of De Nederlandsche Bank (DNB), the Dutch central bank,
At the time, Bos, a leading figure in responsible investment via her involvement with the Principles for Responsible Investment, the Focusing Capital on the Long-term initiative and other initiatives, said she was leaving an organization formed of people “with a green heart”.