People moves
BESTrustees
Julie Stothard is the next chief executive of professional trustee firm BESTrustees. She takes up her new role towards the end of September when she brings leadership and client facing experience to the board. An actuary by training, Stothard has stints at the Co-operative Group, Watson Wyatt and Capita on her CV.
The firm is also losing Alan Pickering as its chair. He stands down after 10 years in the role, but remains at the firm as president.
Capital Cranfield
Capital Cranfield has welcomed George Emmerson as the latest member of its pro- fessional trustee team.
Emmerson, who has an investment back- ground, has seven years of trustee experi- ence and will be based in Glasgow. He joins Aberdeen Standard Investments after a 17-year spell with the firm. The appointment is part of Capital Cran- field’s plan to meet increasing demand across the country and Emmerson will be one of five trustees working in its Scottish Pension Trustees business.
RPMI
RPMI, the administration arm of the £30bn railway workers’ pension scheme, has freshened up its board by welcoming two new faces to its leadership team. Managing director of group services Stuart Blackett and chief fiduciary officer Michelle Oster- mann have taken seats in the boardroom. The appointments follow the retirement of David Maddison and the upcoming retire- ment of managing director Julian Cripps later this year.
GLIL Infrastructure
Ted Frith has been appointed permanent chief operating officer of GLIL, the £1.8bn local government pension scheme-based infrastructure fund.
14 | portfolio institutional | September 2019 | issue 86
Frith has held the role on an interim basis since November. His brief is to co-ordinate GLIL’s activities as it looks to invest in more UK infra- structure projects and attract new investors. Frith said that the future of the UK economy will be built on the foundations of quality infrastructure, from energy and utilities to housing and transport. “With a significant funding gap facing the sector, we have an important role to play in driving more private investment into core infrastructure assets across the country. Frith’s previous roles include managing director of banking group Dresdner Klein- wort Wasserstein, head of European dis- tribution at Aspect Capital, a director of Campion Capital as well as senior posi- tions at Citibank and Pareto Partners. GLIL was formed in 2015 with a £500m investment from Greater Manchester Pension Fund and the London Pensions Fund Authority. A year later Northern LGPS and Local Pensions Partnership became investors. It has £1bn invested in nine projects, including those managed by Anglian Water and ports owner and operator Forth Ports.
London CIV
On page 19 of the June-July edition of portfolio institutional we published the wrong picture of Mike O’Donnell (pictured) of London CIV.
Smart Pension
Smart Pension has named Mark Howard as general counsel for pensions and financial services. Howard ended a 14-year stint at law firm Clyde & Co to join the auto enrolment spe- cialist, where he rose to become head of pensions. In this role he advised schemes and employers on all aspects of the pen- sions industry. He also has seven months as a senior solicitor at the Pension Protection Fund on his CV. Smart Pension chief corporate officer Claire Altman pointed to Howard’s experi- ence as a reason for his appointment, describing it as being “extremely valuable” in the firm’s strategy to become a work- place pension provider.
Calendar
Upcoming portfolio institutional roundtables:
18 September Responsible investing
07 November Real assets
Brunel Pension Partnership
Brunel Pension Partnership has appointed a new non-executive director. The pool has recruited Patrick Newberry to the role, depending on FCA approval. He will also chair the audit risk and compliance committee. “We had very distinct requirements for applicants,” Denise Le Gal, Brunel’s chair said. “As a non-executive director with a portfolio of public and private sector NED roles and a background in the financial sec- tor, it was clear that Patrick had the experi- ence we were seeking. “Equally importantly, we believe Patrick’s outlook chimes with our values and the investment principles that form the foun- dation of our business,” she added.
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