The SAUL Trustee Company has appointed Sue Applegarth as chief executive, replacing Penny Green, who is to retire at the end of the year.
Applegarth is currently chairman of Ensign Pension Administration but is to leave her role as the third-party administrator was recently sold to consultancy JLT Employee Benefits.
She will take up her role at beginning of November, with Green stepping down at the end of 2014 after 14 years as chief executive.
SAUL Trustee Company provides trustee and administration services to the £1.9bn Superannuation Arrangements of the University of London (SAUL), a pension arrangement for non-academic staff of the University of London and associated companies.
It also provides third-party administration services to pension schemes in the higher education and publishing sectors, under the brand STC Pension Management.
Applegarth has been at Ensign since 2002, when the company was called MNPA and was the in-house administration team for the Merchant Navy Officers’ Pension Fund (MNOPF), while also offering third-party services.
In 2013, MNPA rebranded its third-party services as Ensign before the administration arm was sold to JLT EB.