PWRI, POB, Standard Life, BayernInvest, SEB, Lincoln Pensions, Cardano Group, AlixPartners, PwC
PWRI, POB – Falco Valkenburg has been appointed to the supervisory board of both the €7.7bn pension fund for disabled people in a sheltered work environment (PWRI) and the €1.8bn scheme for public libraries (POB). Valkenburg is an independent expert on actuarial and investment matters and has 35 years of experience. At PWRI he took over from Peter van Eekelen. Marianne Eisma succeeded Edzard Enschedé, who left, also following the completion of his second and last term on the supervisory board. Jan van de Poel has become chairman of PWRI’s board. At POB, Valkenburg filled in the vacancy left by Ronald Ketellapper who accepted a Curacao-based job at an insurer.
Standard Life – Paul Matthews, CEO for UK and Europe Pensions and Savings, is to leave his position on 1 March and retire later this year. He has worked for the company for 28 years, becoming UK CEO in 2011 and taking up his current position a year later. Barry O’Dwyer will take over Matthews’ role and take a seat on Standard Life’s board. O’Dwyer joined the firm in 1988, leaving in 2008 for roles at HBOS and Prudential. He rejoined Standard Life in 2013 and is currently CEO of the firm’s life assurance arm.
Sir Gerry Grimstone, chairman of Standard Life, said: “My thanks go to Paul for his service over the past 28 years. His dedication and commitment to Standard Life during that time is unparalleled and we owe him a tremendous debt of gratitude. We will miss him.”
BayernInvest – Nadine Fugert joined as director of institutional sales for the German asset manager at the start of January. She joined from SEB’s Munich office where she oversaw the expansion of its institutional asset management business. Fugert has also worked at Hauck & Aufhäuser Asset Management and SEI Investments.
Lincoln Pensions – The advisory company has appointed three staff from AlixPartners, an American corporate restructuring specialist: Luke Hartley, Emily Goodridge, and Leon Caine. In addition, Alex Beecraft and Lara Durgan have joined from PricewaterhouseCoopers. Hartley is now a director in Lincoln’s covenant advisory team, with Beecraft, Goodridge, and Caine associate directors. Durgan is an analyst.
Lincoln Pensions was acquired by Cardano Group in October last year. Lincoln CEO Darren Redmayne said: “Covenant advice is of ever increasing importance particularly given the current economic uncertainties facing businesses – both in the short term and as the UK navigates Brexit.”