The Pension Protection Fund (PPF) has appointed two non-executive directors to its board.
The lifeboat fund today announced Rosemary Hilary will join this month and Kate Jones in February.
Hilary is currently chief audit office at TSB and prior to that held several senior roles at the Financial Services Authority (now the Financial Conduct Authority). She has also served as a trustee of the board of Shelter, the national homeless charity, and a member of the MBA Advisory Board at Cass Business School.
Jones currently runs her own consultancy and executive coaching firm. She previously occupied senior asset management roles at Blackrock, Schroders and M&G, where she began her career as a fixed income/LDI portfolio manager.
PPF chairman Lady Barbara Judge said: “In the past year the PPF has gone from strength-to-strength, growing in capability and financial strength. And with our increasing size, skill and capability we have the capacity to do even more to deliver on our mission to provide our members with the service, security and confidence they need in their most difficult times. At this point in our journey therefore, I am very pleased to welcome Kate and Rosemary to our board.
“Their combined experience will help us in the responsibility we have in protecting the 11 million people in the UK who belong to over 6,000 defined benefit schemes.”
Jones said: “I am thrilled to be joining the board of the PPF. I am passionate about its important work which provides such valuable support to its members. I am looking forward to bringing my investment management experience to support the PPF as it continues to grow.”
Hilary said: “I am delighted and honoured to be appointed to the board of the PPF. It has achieved so much in its first 10 years and provides an invaluable lifeline to so many who worked hard in the belief that they would have a pension to rely on in their retirement. I am greatly looking forward to working with my fellow board members and the executive committee as it faces future challenges.”
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