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Former Invensys fund chief joins Redington in senior role

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Robin Claessens, former chief executive of the Invensys Pension Scheme, is set to join UK investment consultancy Redington in a managing director capacity.

Claessens, who headed up the nearly £4.3bn (€5.2bn) pension fund until 2012, will join Redington as managing director in the investment consulting team.

He joined Invensys in 2008, leading the fund as both CIO and chief executive for two years before hiring an investment officer.

Claessens placed a strong focus on liability-driven investment (LDI) while managing the fund, a major theme for new employer Redington, which is known for advising on LDI solutions.

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Since leaving Invensys, he became CFO at BBOXX Group, a technology firm, before his latest move.

David Bennett, head of investment consulting at Redington, said clients would benefit from Claessens’s experience heading up the Invensys fund.

“As well as this, he has advised corporations and their schemes on all aspects of pension strategy,” he said.

“These are exciting times at Redington, and we are delighted to be able to attract such outstanding talent to join the team.”

Claessens is expected to join Redington in the coming weeks and will be based in London.

Redington also recently announced former secretary of state for Work & Pensions Lord Hutton as an adviser.

Hutton is now working with the firm’s consultants and asset-liability modeling teams on defined contribution solutions.

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