UK - Pensions administrator RPMI has completed a major restructuring designed to boost its third-party business potential which will see Xafinity's Robert Branagh become managing director for administration within the newly-streamed RPMI team.
RPMI - which is a wholly-owned business of the Railway Pension Scheme Trustees - has a new structure which see executive chairman Chris Hitchen become chief executive while other operations will be separated into three lines of business: investment, administration and trustee services.
Branagh was specialist and public services director but will now look after admin at RPMI, while acting MD Frank Johnson becomes managing director for investments and David Maddison, who was client services director, becomes managing director of trustee services.
David Teasdale has also been named as finance director while John Day is now head of IT.
"This reorganisation underpins RPMI's continued commitment to our existing clients as well as growing within the third-party administration market," said Hitchen. "We are geared up to be increasingly flexible, so that we can carry on exceeding clients' expectations, while maintaining the high quality service they have come to expect from our brand."
RPMI said its workforce grew by 25% in 2008.
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