The PPF is entrusted with securing the futures of nearly 10 million members of eligible defined benefit pension schemes across the UK, and oversees a portfolio of £32.5billion in assets.
Michelle Ostermann, is the Chair of the global pension industry association, International Centre for Pension Management (ICPM) and brings to the PPF over 30 years of pension investment and senior leadership experience. She is widely recognised for her outstanding global network and knowledge of pension systems. Michelle has held several other senior positions at leading firms, notably as the Managing Director of Railpen Investments in the UK and most recently Senior Vice President and Global Head of Capital Markets at PSP Investments in Canada.
Kate Jones, Chair of the PPF, speaking about the appointment said, “We are delighted to welcome Michelle to the PPF as we navigate our next chapter. Her member centric approach and fiduciary experience will certainly help us to continue to play a pivotal role in safeguarding the futures of those who rely on us, while also delivering for our levy payers and other key stakeholders. As a recognised thought leader in the global pensions industry, her vision, curiosity, knowledge, and transformative approach will be invaluable as we continue to explore the possible expansion of our remit in support of the government’s economic plans for the UK. I very much look forward to working with her.”
Michelle Ostermann also shared her thoughts, 'Having long admired the PPF’s astute approach to investing and its profound impact on the UK pension system, as evidenced by its award-winning investment and administration businesses, it is both an honour and a privilege to now contribute to shaping its future. In a pensions industry rife with challenges and opportunities, I firmly believe the PPF is poised to play a critical role in defining best practices and reshaping the UK pensions landscape – a prospect I eagerly anticipate diving into.’
Katherine Easter, currently Chief People Officer, has been appointed as Interim CEO until Michelle joins in April.
Kate Jones, added “Katherine was a natural choice for the interim role because of her unique mix of skills, technical knowledge and leadership experience gained in over 13 years at the PPF. She has seen the business undergo significant transformation and been integral to shaping our strategy as a trusted confidante of our CEOs and Chairs past and present. We have a strong Executive Committee who Katherine will work closely with to lead the organisation and deliver the best possible outcomes for our stakeholders during this transitionary phase. “
|
