TPR, LGIM, Delancey, Law Debenture, Pensioenfederatie, Jupiter, Hymans, Morgan Stanley, Schroders, Elo, RPMI Railpen, Actiam
The Pensions Regulator (TPR) – Darren Ryder, the UK regulator’s director of automatic enrolment, will be leaving the organisation in early 2020 to work directly with other countries planning to implement their own automatic enrolment programmes.
He joined TPR eight years ago to support the initial design and delivery of auto-enrolment in the UK following his involvement in the implementation of Kiwi-Saver in New Zealand. Initially joining on a six-month secondment, he decided to stay on at TPR and worked as head of compliance and enforcement before becoming director of the auto-enrolment programme in 2017.
Charles Counsell, chief executive officer of TPR, said: “Darren has made a huge contribution to the successful delivery of automatic enrolment in the UK, with more than 10m people now saving into a pension. … I am hugely grateful to him for the difference he has made and I wish him every success in the future.”
Ryder is president of D3P Global Pension Consulting, a consultancy that launched in November last year to help goverments deliver better pensions system outcomes.
Legal & General Investment Management – The manager has appointed Kim Brown as pension scheme director for the L&G Mastertrust and the Independent Governance Committee (IGC). She joins from The Pensions Regulator, where she was head of master trust authorisation and supervision. Having stepped down from that role and following a period of leave, She will join LGIM in February 2020. She will be responsible for a dedicated team that supports the L&G Mastertrust Board as well as the IGC members.
Delancey – The firm has recruited Lorna Brown as director of capital markets, taking a senior role in its investment advisory team. She will focus on devising and implementing real estate led strategies and will assist in boosting the growth of Delancey’s market leading portfolio, working closely with its global joint venture partners. Brown joins from Legal & General Investment Management Real Assets where she was head of real estate debt, EMEA. She has extensive experience investing, structuring and managing UK and European real estate investments in both debt and equity, and has held previous senior positions at Blackstone and the Royal Bank of Scotland.
Law Debenture – Jane Beverley has joined the firm’s LawDeb pension trusteeship team from XPS Pensions Group, where she worked from 2004, most recently as principal and head of research. Law Decenture said Beverly was “recognised within the industry as one of the leading technical experts in pensions and has been shortlisted twice for ‘Pensions Woman of the Year’”.
Pensioenfederatie – Marcel Lever is to leave the Netherlands Bureau for Economic Policy Analysis (CPB) for the Pensions Federation as of 1 December, where he will become an adviser for the pensions agreement. At CPB he has been programme leader for pensions until the start of 2019. Lever has also been a member of working groups at the Pensions Federation, including a research group assessing two potential new pension contracts in 2016.
Jupiter Asset Management – Nahid Iqbal and Antoine Hucher have joned the firm as equity analysts. The new hires, who joined in November, will provide significant support to the firm’s equity investment strategies with a specific focus on alternatives and technology, respectively.
Iqbal joins from Mediobanca where he worked most recently in equity sales, covering a diversified group of European institutions and hedge funds. At Jupiter, he will work alongside fund manager Mike Buhl-Nielsen and fellow analyst Tommy Kristoffersen to generate ideas primarily for the £94m Jupiter Europa fund, but will also work collaboratively with Jupiter’s broader alternatives team as the firm continues to build on its capabilities in this space.
Hucher joins from Exane BNP Paribas where he was a sell side equity research analyst, leading the analysis of large- and small-cap European software and IT services companies. With more than six years of experience researching technology companies, he will draw on his in-depth knowledge of the sector to support the full range of Jupiter’s equity funds, providing valuable analysis into global technology firms.
Morgan Stanley Capital Partners – Jill Wight will be joining Morgan Stanley Investment Management’s middle market private equity investment team as a managing director and operating partner leading MSIM’s operational efforts for consumer and healthcare. She joins from The Carlyle Group where she was a principal and head of portfolio operations for Carlyle Equity Opportunity Funds. Before that she worked in the special situations group at Goldman Sachs.
Hymans Robertson – The pensions and financial services consultancy has appointed Victoria Panormo to be senior DC investment consultant. She joins from Aon where she has worked as a senior DC investment consultant and client relationship manager across a variety of sectors advising on investment strategy, plan design and plan governance.
Mark Jaffray, head of DC at Hymans Robertson, said: “DC schemes and master trusts are maturing and increasing their focus on investment strategies and responsible investment. Victoria’s addition to the DC team strengthens our ability to help our clients build better portfolios that engage with members and deliver those better outcomes in a sustainable and responsible way.”
Panromo said that “in a post auto-enrolment era, where engagement and participation in DC schemes is increasing, it’s vital that we, as consultants, guide employers and schemes to ensure members actually engage in the right places at the right time.”
Schroders – Frederik Eritsian-Hansen has joined Schroders as client director to help spearhead the firm’s growth strategy in Denmark. He starts his role in December and will be part of a five-strong team in Copenhagen, which is instrumental in building on the robust intermediary and institutional footprint Schroders has in the Danish market. Prior to joining Schroders, Eritsian-Hansen spent the past three years in a client executive role at Gudme Raaschou Asset Management. He also spent a decade working in the asset management and accounting teams at Deloitte.
SH Pension – Stefan Eliasson, the chief executive officer of Swedish labour-market pension fund SH Pension, is stepping down. Lena Schelin, a member of the fund’s board of directors since the spring, is to take up the role of acting CEO until a permanent replacement is selected. SH Pension said it was facing strategic choices in adapting its business to new regulations, and it was in connection with this that it had decided to seek new leadership for the business. Eliasson is leaving after working for the fund for 13 years. Schelin was previously ceo of Swedish insurance firm Änke och Pupillkassan for nine years.
AP Pension/PFA – Rasmus Bartholdy has resigned from PFA Asset Management in Denmark, part of the PFA pensions group, where he has been senior portfolio manager, to take up a new job at PFA’s smaller rival AP Pension next year. Bartholdy will be senior portfolio manager within the AP Pension’s equity team, having worked at PFA for 16 years. A spokesperson for PFA said the company has started the recruitment process for a new senior portfolio manager to replace Bartholdy, who will leave the group on 31 January.
Elo - Kati Paatela has been appointed portfolio manager for international real estate investments within private equity investments at Finnish pensions insurance company Elo. She took up her new job on 15 November, moving to the company from the real estate investment unit of Nordic financial group Sampo.
RPMI Railpen – The investment manager for the £30bn railway pension scheme has made three appointments to expand its real assets team. Lewis Vanstone joins as deputy portfolio manager along with Julian Allport and Alena Antonava as investment managers. All three will report to Ted Jennings, the portfolio manager for Railpen’s long-term income fund. The fund targets income generating assets in infrastructure, real estate and other areas with a high degree of UK inflation protection and low levels of risk. These investments help support Railpen’s objective of consistently delivering long-term returns for its 107 clients and 350,000 scheme members.
The trio will focus on investments in the infrastructure sectors. Vanstone joined from Foresight Group where he specialised in energy infrastructure projects, prior to which he was at PwC. Antonava draws on more than six years of experience working at Arcus Infrastructure Partners. Allport will initially focus on long income real estate related investments. He has more than 15 years of experience working in the long lease commercial real estate sector, joining from Aviva Investors.
Actiam – The €60bn Dutch asset manager is planning to appoint Wim Borgdorff as interim chief executive officer. He is to succeed Hans van Houwelingen, who has opted to continue his career elsewhere, after having been at the helm at Actiam since 2016. Actiam said the appointment was subject to approval by supervisor De Nederlandsche Bank (DNB) as well as advice by the central works council of Vivat, the asset manager’s parent company. Borgdorff is co-founder of private equity house AlpInvest Partners, where he was responsible for fund investments, secondaries and investment solutions betwen 2000 and 2017. Prior to this, he worked at APG Investments, tasked with real estate and alternatives. Borgdorff started his career at ING Real Estate, where he was managing director between 1992 and 1995.