Senior Appointments for Pensions Trust, Philips Pensioenfonds

Multi-employer non-profit fund the Pensions Trust has appointed a new chief executive, and there is a new chairman at Philips’ giant Dutch pension.

The UK’s £5.3 billion Pensions Trust has appointed Mike Ramsey as its new CEO.

Ramsey had been acting chief executive since April, following the resignation of Stephen Nichols in March. He joined from Barbon Insurance, where he was CEO.

The trust manages the pensions of more than 200,000 people from the non-profit sector in the UK.

Sarah Smart, chair of the Pensions Trust’s board of trustees, said: “Against some stiff competition, the board has agreed that Mike has the right blend of leadership skills, strategic visions, and change management capability to lead the trust through the next stage of its development.”

A statement from the trust said Ramsey would spearhead “a drive to focus the business on strategic development”.

Meanwhile in the Netherlands, the €16.7 billion Philips Pensioenfonds has appointed Roel Wijmenga as chairman of its board. He joins from insurance firm ASR, where he was chief financial officer.

The Philips pension was nominated at CIO’s European Innovation Awards in May this year.