The Pension Protection Fund (PPF) has appointed Chris Cheetham and Emmy Labovitch to its board as non-executive directors.
Cheetham's appointment is effective as of today, while Labovitch (pictured above) will join the board on 1 July following the end of Sharmila Nebhrajani's term of office on 26 June.
Commenting on the appointments, PPF chairman Arnold Wagner said: "This is an important time for the PPF with Oliver Morley joining as our new CEO and recent major corporate insolvencies highlighting the value of the protection we provide to pension scheme members.
"Emmy brings with her a wealth of international pensions, investment and governance experience. Chris's strong background in asset management will be equally invaluable," Wagner continued. "Both will help the board to continue to serve the interests of our members and levy-payers, giving them security and confidence.
"As she leaves the board, I'd like to thank Sharmila for her important contribution over the last six years and wish her well for the future."
Cheetham (pictured below) is currently the global chief investment officer of HSBC Global Asset Management and has been trustee chairman of the Mineworkers Pension Scheme since 2017. Previously, he worked as an economist and fixed income fund manager at Prudential M&G and later joined the AXA Group.
Cheetham said: "The PPF's investment expertise is already well-established and I'm looking forward to sharing my knowledge and experience as the PPF continues to grow."
Labovitch has been a full-time senior policy adviser at the Organisation for Economic Co-operation and Development (OECD) focusing on the pension fund sector and corporate governance since 2015. Previously, she was head of marketing at UBP from 2010 to 2012, and then moved to Novarca, a pensions and investments consultancy, where she is a director.
In addition, Labovitch holds a number of non-executive positions in the UK, including being a member of the Financial Reporting Council's conduct committee, a board member of the charity and housing association Phoenix Futures, and chairwoman of the Social Housing Pension Scheme's employer committee.
Labovitch added: "The PPF plays a vital role in the UK pensions system. I'm therefore delighted to be able to contribute my expertise and interests to the board to help secure the continued success of the PPF."
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