RPMI chief investment officer Keith Shepherd has quit the railways pension scheme to join the BP Pension Fund.
Shepherd will join the BP Pension Fund’s trustee executive team on 1 January 2014 as an investment strategy executive, taking responsibility for identifying and developing new elements of the fund’s investment strategy. He will also work closely with BP Investment Management, the in-house investment manager responsible for the day-to-day operation and investment of the fund’s assets, including appointing and monitoring external fund managers.
He joined RPMI as head investments in 2006 before becoming CIO in 2008 and has more than 20 years’ experience managing and advising major institutional portfolios.
Prior to joining RPMI, he was head of public equity at the Wellcome Trust and head of investment and treasury at the City of Edinburgh Council.
BP Pension Trustees chief executive Sally Bridgeland said: “The breadth and depth of Keith’s experience will be a great asset to the team as we extend our strategy and progressively change the mix of our assets in the years ahead.”
Shepherd added: “This is a fantastic opportunity to work with a great team and to build on the continuing success of one of the UK’s most highly regarded pension funds.”
RPMI was unavailable for comment.
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