The £29.6bn Pension Protection Fund (PPF) has appointed Purna Bhudia as head of credit. The appointment comes after the PPF took the decision to insource part of its investment management activities last year. Bhudia has joined the team to support the PPF's ambitions to develop its sterling-based investment grade credit capabilities and is responsible for delivering both public and private market strategies; as well as designing and delivering the fund's credit target operating model.