Former PGGM and ABP investment chief Munsters joins Edmond de Rothschild

Roderick Munsters, the former investment chief at both PGGM and APG, the Dutch pension investment giants, has joined France-based investment group Edmond de Rothschild as the new head of its €78bn asset management division.

Munsters, who ended his six-year tenure as CEO of Dutch fund manager Robeco in September, will report to chairwoman Ariane de Rothschild. Munsters replaces Laurent Tignard, who is leaving to “pursue new professional opportunities”. Munsters will sit on the executive committee at the firm which aims to create performance over the long term via “conviction-based management”.

The asset management arm is part of the broader Edmond de Rothschild Group that was set up by Baron Edmond de Rothschild in 1953. It remains family owned.

The firm is a signatory to the Principles for Responsible Investment (PRI) and says it believes that “creating financial value must also include the creation of social and environmental value”.It reportedly manages some €3.5bn in SRI portfolios; its Global Head of Sustainability is Kate Cacciatore.

Munsters was also chairman at Stichting Eumedion, the Dutch corporate governance platform, for four years and is currently a member of the Netherlands’ Capital Markets Advisory Committee.

“Creating financial value must include the creation of social and environmental value”

“It is an honour to have the opportunity to take part in the group’s European and international development and to support the further growth of its reputation,” Munsters said.

Chairwoman de Rothschild said he would “bring a wealth of experience, strong knowledge of the international financial markets, entrepreneurial spirit and recognised ability to generate long-term performance”. Announcement