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National Grid taps Philips CIO to lead new pension fund executive team

by trusted insight posted 6years ago 443 views
Rob Schreur was appointed CEO of the National Grid U.K. Pension Scheme, London, a spokesman said to Pensions & Investments. 

The position is new. Mr. Schreur will join the £17 billion ($26.4 billion) pension fund later this year to lead and develop its new investment executive team.

The appointment follows an announcement by the sponsoring employer that it would be creating a small executive team of specialists to support the pension fund trustees in managing assets, monitoring liabilities and controlling investment risks. It coincides with a decision to outsource the management of the pension fund's assets and to sell in-house money manager Aerion Fund Management, the process of which is still ongoing.

Mr. Schreur's “experience of overseeing a large outsourced asset mandate, asset-liability management and European best practices in pension fund investment will be invaluable to the trustees,” said Nigel Stapleton, chairman of the trustees, in a news release.

Mr. Schreur is chief investment officer of the €17.8 billion ($19.7 billion) Philips Pensioenfonds, Eindhoven, Netherlands. Spokesmen for Philips Pensioenfonds did not respond to a request for comment by press time.

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