RPMI Railpen has appointed Steve Mitchell as compliance and risk director within its investment business.
Mitchell will be in charge of ensuring the investment manager, which acts for the £25bn Railways Pension Scheme, maintains its approach to compliance and risk management as it expands its internal asset management capabilities.
He will report to managing director of the investment business, Julian Cripps, and will work alongside company secretary Lisa Sunner who joined Railpen in 1994.
The compliance and risk roles and company secretary roles were previously combined.
Mitchell has worked in financial services compliance for 20 years, most recently at Summit Compliance Services where he was founder and director.
Over the years he has held senior roles for a number of large organisations including BNP Paribas, Lombard Odier and NatWest Bank, and has also worked at the Financial Conduct Authority and the Association for Financial Markets in Europe.
Cripps said: "Steve's appointment demonstrates our ability to attract the best talent from across the asset management industry. As we continue to strengthen our internal investment capabilities, it is important that we are able to maintain - and build upon - our robust approach to both compliance and risk management."
Mitchell added: "I am looking forward to working at one of the leading asset owners in the UK. It's a great time to join, as Railpen continues to grow its internal asset management capabilities."
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