The Pension Protection Fund (PPF) has appointed a head of
investment strategy as it continues to grow its internal expertise.
Ian Scott has joined the UK’s ‘lifeboat’ fund from Barclays,
where he was head of global and European equity strategy. In the newly created
role at the PPF, Scott will advise on tactical trades and “medium-term shifts
away from the strategic asset allocation,” the fund said in a statement.
“Ian brings with him a wealth of expertise, and will help
build our capabilities in strategic and tactical asset allocation,” said CIO
Barry Kenneth. “Attracting professionals of Ian’s caliber to join our
award-winning team is an endorsement of where we are going.”
Prior to joining Barclays in 2013, Scott spent nearly four
years at Nomura where he was head of equity strategy and quantitative research.
He also worked on the equity strategy team at Lehman Brothers between 1995 and
2008. Scott has a master’s degree in economics from the University of Warwick.
“In its relatively short history the PPF has established a
well-deserved reputation for innovative fund management,” Scott said. “I am
looking forward to building upon and enhancing that, especially in the areas of
strategic and tactical asset allocation.”
The PPF, which oversees £23 billion ($30 billion) for the
pension funds of bankrupt companies, last year appointed Trevor
Welsh from Aviva Investors to lead its liability-driven investment program.
Separately, the £21 billion Railways Pension Scheme (Railpen)
has also hired to its in-house team, appointing Anna Rule to the newly created
role of head of property.
Rule will join at the start of 2017 to oversee Railpen’s £2
billion of real estate investments and the fund’s relationships with other investors,
including long-standing partner Orchard Street Investment Management. She previously
worked at Aviva Investors, responsible for mandates worth £2.2 billion.
“Anna’s appointment is an important step in
further developing our in-house investment expertise so that we can strengthen
our ability to deliver attractive investment returns for our members,” said
Richard Williams, investment director at Railpen.
In February, Railpen appointed three investment managers to
its internal team: Sweta Chattopadhyay joined the fund’s private markets team,
while Matthias Eifert and Tony Guida joined the public equities team. In the
past few years Railpen has been overhauling
its investment portfolio, moving away from asset class silos towards “growth”
and “matching” pools.
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