Anglien Kemna, APG (Art by Chris Buzelli)RPMI Railpen, the £20 billion investment manager overseeing
the UK’s railways pension funds, has appointed APG’s Angelien Kemna to its
board of directors.
Kemna—named in CIO’s Power 100 in 2012 and 2013—stepped down as CIO of Dutch pension APG last year to become chief financial and risk officer.
Chris Hitchen, CEO at Railpen, said Kemna’s “great personal experience and insight will be invaluable to us”.
“Welcoming Angelien to the team is another great step forward for us as a business as we continue with our investment transformation programme,” added chairman Paul Trickett.
“We now have an extremely strong leadership team in place that will help our plans for the future.”
Before stepping back from the role last year, Kemna had been CIO at APG since November 2009. Prior to joining the Dutch pension, she was CEO at ING Investment Management.
The transformation of Railpen’s staffing, governance, and investment structures has taken nearly two years. It has included the appointment of its first chief investment risk officer, Richard Williams, and the establishment of a “one portfolio approach” to improve return generation.
“Whereas before the pensions would have had holdings in our equity pool, hedge fund pool, and so on, now they’ll have a holding in the growth pool to get exposure to risk assets,” Investment Director Paul Bishop told CIO last year. “It allows us to make cleaner, better investment decisions. Clients’ risk is managed by the allocation between growth and defensive assets.”
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