The People’s Pension, B&CE, PGGM, State Street Global Advisors, AXA IM, PSIG
People’s Investments Limited Board – The company that oversees the investments operation of B&CE, the UK pensions provider, has made two new key appointments.
Mark Walker and Dawn Turner have been appointed to the five-strong board, which is responsible for independent oversight of around £18bn (€21bn) in investments for all entities within the B&CE Group, the provider of The People’s Pension.
Turner is an independent adviser and non-executive with expertise in responsible investment, sustainable finance and environmental, social and governance risks. Her other independent and advisory roles include renewable energy, social housing, pension investments as well as being the independent chair of the Gwent Police Joint Audit Committee.
She was the former chief executive officer of the £30bn investment management company Brunel Pension Partnership Ltd, and was previously the chief pensions officer for the Environment Agency Pension Fund. That represented the culmination of a 40-year executive career in the financial services and investment industry that spanned the utilities, fashion, retail, manufacturing, leisure and environment sectors.
Walker is chief investment officer of Coal Pension Trustees Services (CPT), the in-house executive responsible for the £22bn of investments of the Mineworkers’ Pension Scheme and the British Coal Staff Superannuation Scheme.
He was previously managing director and global CIO of the Univest Company, Unilever’s internal investment group. He has also been a partner at Mercer and was head of the London Investment Consulting Unit.
PGGM – Diane Griffioen will join the Dutch pension asset manager PGGM as its new head of private equity in September. She is joining from ABP, the largest pension scheme in the Netherlands, where she was head of investments.
Griffioen will lead a growing team of 30, who manage some €20bn in private equity investments on behalf of PGGM’s main client, pension fund PFZW.
State Street Global Advisors (SSGA) – The asset management business of State Street Corporation has appointed Markus Weis as country head of Germany for SSGA SPDR. He will be based in Frankfurt and report to Matteo Andreetto, head of EMEA for SSGA SPDR.
Weis joins from Vanguard where he was deputy country head for Germany and Austria, based in Frankfurt. Prior to joining Vanguard, he spent eight years in distribution roles at Goldman Sachs Asset Management.
Based in Paris and reporting to Hans Stoter, global head of AXA IM core, Clavel’s mission will be to lift the investment, commercial and financial performance of the multi-asset platform.
Clavel will take over from Serge Pizem, who will pursue new professional challenges outside AXA IM. Pizem joined AXA IM in 2002 to oversee European equities and later took the lead at Framlington Paris. He subsequently oversaw the total return team before becoming head of multi-asset in 2013 and global head of multi-asset in 2019.
Pensions Scams Industry Group (PSIG) – The group, which was established in 2014 to help protect pension scheme members from scams, has named Christine Sawyer as new chair to its Pension Scams Industry Forum (PSIF). She replaces outgoing chair Tommy Burns who has held the position since its inception. Burns recently retired from his corporate role but continues as deputy chair of PSIG to support the chair, Margaret Snowdon.
Sawyer has more than 20 years of experience in a wide range of roles from pensions administrator, pensions consultant, head of business quality and pensions manager. She is currently scheme manager at Invensys Pension Trustee Limited. Prior to this she was director at Huckleberry Consulting and Management.