People Moves: Week ending Friday 1 December 2023
This week’s movers include those at Brightwell, Independent Governance Group, Nest, and Standard Life, among others.
Source: professionalpensions.com
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BA trustees pull plug on in-house team in £21.5bn outsourcing move
The trustees of British Airways’ pension schemes have agreed to outsource all directly managed assets to BlackRock in the largest OCIO deal to date in the UK, bringing to an end one of the country’s most experienced independent in-house teams. The move means dramatic changes for the 42 members of the BA Pensions in-house team, many of whom have been in place for well over 10 years. Employees of provider British Airways Pension Investment Management Limited (BAPIML), including CIO David Stewart and deputy CIO John St Hill, have transferred to BlackRock, alongside some from the administra...
Source: ipe.com