The Pension Protection Fund has named Barry Kenneth as its new chief investment officer.
Kenneth (pictured), who will assume the role in June, joins from Morgan Stanley, where he is a managing director and head of UK fixed income institutional and pensions coverage.
He replaces former CIO Ian McKinlay, who left the £13bn lifeboat fund in August 2012 to manage the Aviva staff pension fund.
PPF executive director of financial risk, Martin Clarke, said: “Our investment portfolio has become increasingly sophisticated and has received considerable industry recognition for its innovation and performance. We believe that Barry will bring to the PPF the expert knowledge and extensive experience needed to build on that success.
“Barry will have a crucial part to play in developing PPF’s investment function, to help make sure we continue to pay compensation to our members for as long as they need it and achieve the PPF’s target of securing financial self-sufficiency by 2030.”
Kenneth added: “The PPF has developed into an impressive financial institution with an enviable track record in implementing innovative and exciting investment strategies. I am looking forward to contributing to the organisation’s further success while playing an important part in providing real security to millions of pension scheme members.”
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