Wednesday people roundup
AP4, UK Pensions Regulator, Pensionskasse Hoechst, Aberdeen Asset Management, Alecta, Kring van Pensioenspecialisten, UK Financial Conduct Authority, Aon Hewitt, KPMG
AP4 – Monica Caneman has announced to Swedish finance minister Per Bolund that she intends to resign as chair of buffer fund AP4 when the next board is appointed later this spring. She has been chairman of the fund since 2008. She said her tenure in the role had been an exciting time to be involved with the pension fund.
UK Pensions Regulator – Three non-executive directors have been appointed to the regulator’s board. Tilly Ross and Sarah Smart join on 1 February, followed by Margaret Snowdon OBE on 6 May. The appointments are for four years. They fill vacancies created by the departures of Isabel Hudson and Bruce Rigby to pursue other roles, and that of current board member Tony Brierley, who will step down in July.
Pensionskasse Hoechst – Alexander Helmes, head of asset management at the German chemical company’s pension fund, left at the end of 2015 after seven years in the role. The fund’s chairman, Joachim Schwind, will assume responsibility for asset management until a replacement is hired. Helmes replaced Andreas Hilka in 2008, who until recently was head of pensions at Allianz Global Investors.
Aberdeen Asset Management – Roger Cornick is to retire as chairman and non-executive director at the end of this financial year on 30 September. Simon Troughton, senior independent non-executive director on the board, is to succeed him. Meanwhile, Jim Pettigrew, chairman of the audit committee, also intends to step down from the board on 23 April. A new independent non-executive director will be appointed pending regulatory approval.
Alecta – Magnus Billing has been named managing director of the Swedish pension provider. He will succeed Staffan Grefbäck, who remains in the post until Billing steps down as president of Nasdaq Nordic. Billing is also Nasdaq’s senior vice-president of Nordic fixed income and has served as the company’s general counsel. He currently sits on the secondary markets standing committee of the European Securities and Markets Authority.
Kring van Pensioenspecialisten (KPS) – The Dutch association of pension specialists has appointed Tim Zuiderman as chairman. He succeeds Helen Heijbroek, who has been at the helm since 2013. Zuiderman is a partner at law firm Onno F Blom Advocaten, as well as a board member of the Dutch association for pension law (Vereniging voor Pensioenrecht).
UK Financial Conduct Authority (FCA) – Andrew Bailey has been appointed as chief executive. He is currently the deputy governor for prudential regulation at the Bank of England and chief executive of the Prudential Regulation Authority. He is expected to take up his new role in July.
Aon Hewitt – David Bunkle has been appointed as a partner in the Retirement and Investment business. He returns to Aon Hewitt from KPMG, where he worked for eight years as a director, leading a range of pensions and multi-disciplinary engagements