UK - Railways Pension Trustee Company chief executive Peter Murray - a former chairman of the National Association of Pension Funds - will retire in May.
The company – part of the £13bn Railways Pension Scheme – has confirmed RailPen Investments managing director Chris Hitchen as Murray’s successor.
The move follows a shake-up at the scheme’s internal fund management arm, in which former Gissings consultant Brendan Reville was appointed head of investment manager research and former Prudential pensions specialist Bruce Marsden took over as actuarial manager.
Murray denied internal conflict was behind his decision to retire.
He said: “We planned this quite a long time ago. I would rather talk more about my plans closer to the time.”
He joined the RPTC in May 1997, prior to which he was UK pensions manager at the £4bn Unilever Pension Fund.
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