UK - David Paterson has left his position as head of corporate governance at JPMorgan Asset Management after five years to take up a similar role at the National Association of Pension Funds (NAPF).
In his new role, Paterson will head up NAPF’s corporate governance policy development and high level engagement with companies, and will replace Geoff Lindey, who retired after a three year term.
He will also assume the director of research position at RREV, the association's venture with Institutional Shareholder Services.
Christine Farnish, Chief Executive of the NAPF, said combining the RREV director of research role with the NAPF role meant that they could work more seamlessly on voting recommendations and on engagement in future.
Paterson will take up his new post in April 2006.
By Damian Clarkson
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.