By Muskan Arora

Germany-based SOKA-BAU’s chief investment
officer, Gregor Asshoff will step down in June, following his own request, as
announced by the scheme.

The $15.3B SOKA-BAU is an organization
overseeing the pension fund for employees within the construction industry.

After working for almost ten years as board
member and co-CEO at SIKA-BAU, ULAK (the organization responsible for holiday and wage
compensation), and ZVK, Asshoff will now continue to work as a lawyer and
investment consultant.

Asshoff started his career in 1995 at SOKA-BAU
as the head of the European department, before joining IG Bauen-Agrar-Umwelt as
the head of the department for politics and policies.

He returned in 2015 as the member of the
executive board and in the last two years, has been responsible for nudging the
pension scheme’s strategy towards private market investments.

In the meantime, he served on the board and
supervisory board of several pension and social security funds including Supplementary
Pension Fund of the Painting and Decorating Trade VVaG among others.

Following the departure of Asshoff, Werner
Schneider, head of the asset management division, will take over as CIO.

In this new role, Schneider will oversee
employee assignment procedures, asset management, executive and legal matters
among others.

Tobais Bockholt will join the organization
from WTW as a replacement for Schneider.