Bridgeland joins NEST trustee board
Sally Bridgeland has been appointed to the trustee board of the UK’s National Employment Savings Trust (NEST).
Bridgeland, who spent seven years as chief executive of BP Pension Trustee before stepping down in April, was named as one of three new trustees by pensions minister Steve Webb.
Caroline Rookes, a former director of private pensions at the Department for Work & Pensions (DWP), and Jill Youds, the current chair of the Judicial Pensions Board, were also named as trustees of the £330m (€446m) fund set up by the UK government to accept any company complying with auto-enrolment.
Webb praised the new trustees.
“They bring a wealth of experience, expertise and skills from both the public and private sector, which will prove valuable to NEST in the years ahead.”
All three will join the board, sitting alongside newly appointed chairman Otto Thorensen, in April.
Bridgeland was recently named non-executive director at Royal London Group and also joined Avida International as a senior adviser last July.
David Rix was appointed as interim chief executive of BP Pension Trustee following her departure last year.
He was confirmed as chief executive of the £19.1bn fund at the end of December, a spokesman for BP told IPE.
Prior to joining the fund’s trustee body as chief risk officer in 2010, he was treasurer of the Baku-Tbilisi-Ceyhan pipeline company, in which the oil firm had a major had a stake.
Before joining BP’s finance department in 1988, he spent a decade at Bank of America and has since then overseen a number of projects for the firm in Indonesia, China, Korea and Japan.
After taking over as interim chief executive, Rix expanded BP’s in-house asset management team, hiring from Aon Hewitt and the Pension Protection Fund.