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Laxman Pai, Opalesque Asia: Paula Burgess was named CEO of Pensions Infrastructure Platform (PIP), an infrastructure investment manager for U.K. pension funds.
PIP said in a press release that Mike Weston - who has led the group since 2014 - has stepped down as CEO.
Ms. Burgess was PIP's chief operating officer. She joined PIP in 2015 from CCLA Investment Management. She helped set up the company and design its first offering, the PIP Multi-Strategy Infrastructure fund, which launched in 2016.
Before joining CCLA in 2011, Burgess spent 11 years with Russell Investments in a number of roles, including head of risk and compliance for alternative investments in the US.
PiP was designed by pension funds for pension funds. By securing investment commitments and external investments of close to GBP2bn, PiP has successfully achieved the initial goals set out at its establishment.
After achieving authorisation from the Financial Conduct Authority in 2016, Mike built PiP into an established UK infrastructure investment manager which has deployed UK pension scheme capital into infrastructure assets, including renewable energy, transport and social infrastructure.
PiP is now actively managing these assets to deliver secure, long term inflation linked cash flows for its pension scheme investors.
"The PiP Board thanks Mike for his valuable contribution and wishes him well for his future career," said a statement from PIP. ...................... To view our full article Click here
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