Railpen has appointed Andy Bord as chief executive officer, with effect from October 2024.

Bord will succeed John Chilman who expressed his intention to retire back in January.

Prior to this appointment, Bord has held various CEO roles, most recently at Flood Re, but also at Capita Insurance Services and in the private equity sector.

Railpen said he brings a “wealth of knowledge, hands-on experience and a passion for great customer service, innovation and value”.

In his new role, Bord will be responsible for the teams that invest approximately £35bn (€41.4bn) of assets and provide administration services for over 350,000 railways pension schemes’ members and pensioners, as well as the administration of several third-party clients.

Railpen added that the appointment follows a full and thorough search headed by Christine Kernoghan, chair of the Railpen Pension Scheme trustee board, Mike Craston, chair of the Railpen board and Alison Burns, chair of the remuneration and nominations committee.

Kernoghan thanked Chilman “for his significant contribution to rail pensions for many years”, adding: “It was clear throughout the search process that Andy not only had the skills and experience needed to pick up the baton from John, but shared the trustee board and Railpen colleagues’ passion for great member retirement outcomes.”

Craston added: “John has been a great servant to the scheme and leader to our colleagues at Railpen. We wish him every success for the future.”

Craston also said that Bord’s “commitment to the customer throughout his career aligns perfectly with Railpen’s ongoing purpose to secure our members’ future”.

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