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RPMI Railpen hires investment risk chief

01 May 2014

Railways Pension Scheme manager creates post as part of new investment leadership team

Read more: RPMI Railpen

RPMI Railpen has appointed Richard Williams to a new post of chief investment risk officer, to oversee the £20bn ($33.8bn) portfolio that it manages for the Railways Pension Scheme.

Williams was previously serving RPMI Railpen as an external asset manager.

He will now be part of a new internal investment leadership team, along with investment directors Paul Bishop and Ciaran Barr, which will report to CEO Chris Hitchen.

"I am truly delighted to be working with Richard [Williams], whom I have known and admired for many years as a thoughtful, risk-aware asset manager. His appointment is a key development for the business as we strengthen our internal capabilities to ensure that we can implement our investment ideas in the most efficient, effective way." said Hitchen.

"I have very much enjoyed serving RPMI Railpen over many years as an external asset manager and am now delighted to move in-house.  I look forward to working within the excellent and ambitious team and contributing to long term success," added Williams.

Williams has more than 20 years’ experience of institutional investment, having been chief investment officer at Fischer, Francis, Trees and Watts and more recently a partner of BlueCrest Capital Management.

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