Noticeboard PEOPLE MOVES


Professional trustee specialist PTL has continued to strengthen its client director team through the appointment of Anne Sander. She is the seventh addition to the team in the past 18 months and brings a 30-year track record as a consultant, risk manager and trustee to the firm. Sander joins from Aviva Investors, where she was senior internal audit manager and interim head of internal audit. In this role she oversaw the risk management controls across all asset classes in the UK, Europe and the US.


She also chairs the audit, operations and governance committee for the £17bn Aviva Staff Pension Scheme. Independent Trustee Services expanded its


operations into Scotland


with the appointment of Pauline Gordon as a director.


An actuary by training, she has spent more than a quarter of a century working in the pensions industry. Gordon is a trustee of pension schemes sponsored by Reed Else- vier, Avon, the British Horseracing Author- ity and the Church of Scotland.


NOTICEBOARD


Brunel Pension Partnership has launched a £945m direct lending fund. Brunel Pri- vate Debt Portfolio for Cycle 2 (2020- 2022) will lend to corporates in Europe and North America.


Brunel is working with researcher and adviser Aksia to ensure that the debt is lent responsibly. LGPS Central has launched a £680m multi-asset credit fund after securing the backing of the local authority schemes of Cheshire, Leicestershire, Nottinghamshire and the West Midlands. The fund will be managed by BMO and Western Asset Management, which were selected ahead of more than 80 other asset managers. The mandate will be


10 | portfolio institutional | May 2021 | issue 103 has


Her previous roles include working as a pension and de-risking manager at the £4bn retirement scheme for current and former workers for the Scottish & New- castle brewery. BESTrustees has welcomed Chris Parrott as the latest edition of its team of profes- sional trustees. He has been managing pension schemes for almost 40 years, which latterly saw him at the helm of the retirement fund sponsored by Heathrow Airport. 20-20 Trustees has welcomed Angela Win- chester from Lloyds Banking as a trustee director, its first in Scotland. Meanwhile, the independent trustee provider has pro- moted Sue Quayle and Mandy Kaur-Sad- ler to trustee directors. Elsewhere, Andrew Freeman has been named a partner of Ndapt, an executive director and professional trustee network which was established last year. Former FT journalist and risk manage- ment specialist Freeman has worked in pensions and investing for two decades, which has included stints at Natixis and McKinsey.


Defined benefit (DB) retirement scheme consolidator Clara Pensions has named


equally split between the two managers. Long-term savings specialist Phoenix has launched a venture capital fund, which has an initial £100m to invest. The ESG-led fund, which has been created to diversify Phoenix’s portfolios, will invest in disruptive fintech, energy and healthcare start-ups. London CIV is just one public sector inves- tor that has backed a £1bn long income real estate fund managed by Aviva Inves- tors. Investments so far include ware- housing, offices, supermarkets and education. Defined benefit (DB) scheme de-risking specialist Pension Insurance Corporation (PIC) has lent £37.5m to Wales and West Housing. The debt, which matures in 2060, will


CALENDAR Forthcoming


portfolio institutional roundtables: June


– Global equities July


– LGPS


September – CDI


September


– Fixed income ETFs October


– Multi-asset credit


Ross Wood as head of risk. He joins from RBS international where he rose to the position of head of treasury risk. Wood has also developed his exper- tise through roles at PwC and Aon. He remains a trustee of the RBS Retirement Savings Plan. Further appointments at Clara are expected.


help fund 2,500 new homes in Wales over the next five years.


This is PIC’s third deal in Wales’ social housing sector and takes its exposure to more than £200m.


Elsewhere, the insurer has also awarded a US private debt mandate to Macquarie. The £1.9bn London Borough of Southwark Pension Fund is now receiving investment advice from Aon. The firm already pro- vides actuarial and governance services to the scheme. The consultant’s services were extended following a review of the scheme’s low carbon investment strategy. Finally, The London Pensions Fund Authority has invested £50m in The Lon- don Fund, an affordable housing, regen- eration and senior living fund, taking its capital to £150m.


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