Anja Kleefsman joined PGGM in 2004 in the Portfolio Administration department. PGGM is a Dutch pension fund asset manager and has around € 200 billion in assets under management. She holds a degree in Industrial Engineering and Management from Twente University in the Netherlands and also holds a degree in Investment Management at the University of Amsterdam (VBA). After heading a team in the Portfolio Administration department for a couple of years she switched to the Front Office in 2010 to become part of the Treasury team. The main responsibility of the Treasury team is day to day cash management, including all collateral flows. Anja is also highly involved investigating the impact of the regulatory changes for pension funds. Next to that Anja is part of the Trading and Execution team and is co-responsible for managing and trading all foreign exchange transactions for PGGM’s clients.