Pensions - Articles - PPF appoints new Chief Investment Officer

 The Pension Protection Fund (PPF) today (Wednesday) announced the appointment of a new Chief Investment Officer to oversee its investment portfolio which is currently worth more than £13 billion.

 Barry Kenneth joins the PPF from Morgan Stanley where he is a Managing Director and Head of UK Fixed Income Institutional and Pensions Coverage.

 PPF's Executive Director of Financial Risk, Martin Clarke, said: "Our investment portfolio has become increasingly sophisticated and has received considerable industry recognition for its innovation and performance. We believe that Barry will bring to the PPF the expert knowledge and extensive experience needed to build on that success.

 "Barry will have a crucial part to play in developing PPF's investment function, to help make sure we continue to pay compensation to our members for as long as they need it and achieve the PPF's target of securing financial self-sufficiency by 2030."

 Barry Kenneth said: "The PPF has developed into an impressive financial institution with an enviable track record in implementing innovative and exciting investment strategies. I am looking forward to contributing to the organisation's further success while playing an important part in providing real security to millions of pension scheme members."

 Barry Kenneth is expected to join the PPF in June 2013.