UK - rpmi has completed a major strategic restructuring in a bid to position itself for future expansion.
The administration firm - a wholly owned subsidiary of Railway Pensions Trustee Company - said the reorganisation has seen the creation of three distinct business streams, each with its own managing director.
Executive chairman Chris Hitchen has taken on the new role of chief executive of the newly constituted rpmi.
The firm announced it has hired Robert Branagh - former specialist and public services director at Xafinity Paymaster - to take on the role of managing director of administration. He started in his new role yesterday (October 1).
rpmi acting managing director Frank Johnson has been appointed managing director of investments and David Maddison has been promoted to managing director of trustee services from his previous position of client services director.
In addition, rpmi said David Teasdale has been appointed as finance director and John Day has joined the business as head of information technology.
rpmi said it had increased its workforce by 25% in 2008 - and had conducted this restructure in order to consolidate this growth and build on it in the future.
Commenting on the restructuring, Hitchen said: "This reorganisation underpins rpmi's continued commitment to our existing clients as well as growing within the third party administration market.
"We are geared up to be increasingly flexible, so that we can carry on exceeding clients' expectations, while maintaining the high quality service they have come to expect from our brand."
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