Trevor joins the PPF from Aviva Investors where he has enjoyed a 17 year career and most recently ran the LDI strategy for Aviva Staff Pension Scheme as Head of UK Sovereign and Rates LDI. Trevor also brings with him over 30 years’ experience in fixed income investments. In his new role as Head of LDI, Trevor will be part of the wider Investment Team reporting into Chief Investment Officer, Barry Kenneth.
Now in its tenth year, the PPF has over £22.6 billion of assets under management and is directly responsible for paying compensation to 220,000 transferred members. With a commitment to protect the financial future of the 11 million people who are part of a defined benefit pension scheme, an evolving investment strategy that is ever growing in size and
sophistication is crucial to the PPF’s role.
Barry Kenneth, Chief Investment Officer of PPF said: “Over time we expect our assets to grow significantly and insourcing will allow us greater control and capability to manage these assets. Taking in-house part of our LDI is a key step in updating our investment model and crucial in helping us meet our funding target and future aspirations. Trevor’s expertise in LDI will be invaluable to our development and I very much look forward to working together.
Trevor Welsh said: “The PPF is entering a hugely exciting phase in its growth as it starts to insource more of its investments and take greater control of the decision making process. I am looking forward to joining their award winning investment team as Head of LDI, and continuing the great work the PPF already does in providing a pensions lifeboat to millions of people in the UK.”
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