UK – Alex Weiland, a pension services director at rating agency Standard & Poor’s, has quit to become investment chief at employee benefit advisory firm Gissings.

Weiland succeeds Andrew Elliot, who leaves after 14 years to join a competitor. A Gissings spokesperson declined to comment on his new position. “He will be moving to a competitor,” he told IPE.

As investment head, Weiland will report to Gissings’ chief executive officer Juergen Meng. He starts on May 2.

According to the spokesperson, Gissings is “very pleased” with the new appointment.

In May 2004, Weiland was appointed head of business development for S&P’s new European pensions business, where he was responsible for the marketing and sales of S&P’s pensions services.

He previously held pension roles at Gartmore and Fidelity, and was also at Schroder Investment Management.

S&P declined to comment further on his departure or on whether a replacement has been appointed.

Gissings – established more than 30 years ago – currently advises 600 clients. It aims to provide solutions to trustees, employers and staff.

Investment consulting makes up 15% of pension income, said the Gissings spokesperson.