PGGM, AXA Investment Managers, Legal & General Investment ManagementPGGM – Erik van de Brake has been appointed as head of infrastructure. He will be responsible for 22 staff managing more than €7.5bn in assets and succeeds Frank Roeters van Lennep, who in September was appointed as CIO of private markets at the €200bn asset manager. Roeters van Lennep had succeeded Ruulke Bagijn, who left PGGM in May to become global head of real asset private equity at AXA Investment Managers-Real Assets.AXA Investment Managers – Marion Le Morhedec has been appointed head of business development for AXA IM Fixed Income after more than 10 years as a portfolio manager. She is stepping down from her role as head of the inflation-linked bond team, with Jonathan Baltora taking over. For the remainder of 2016, Le Morhedec will spend at least 50% of her time working with the global inflation team to ensure a smooth transition, AXA said. Baltora, who joined AXA in 2010, will become the lead portfolio manager on its global inflation strategies.Legal & General Investment Management (LGIM) – Aaron Meder has been appointed chief executive at LGIM America, while Anton Eser has been appointed CIO. Meder will transition into the role over the next few months, moving from London to Chicago. Eser, co-head of LGIM’s Global Fixed Income business, will succeed Meder when he takes up his new role in Chicago. Colin Reedie, head of Euro Credit, will replace Eser as co-head of Global Fixed Income, alongside John Bender, also CIO of US Fixed Income.