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Railpen hires chief fiduciary officer

Michelle_OstermannRPMI Railpen, the investment manager of the UK railways pension schemes, has appointed Michelle Ostermann to the newly-created role of chief fiduciary officer for investments.

Ostermann, who will take up her new post in January, will be responsible for determining the high-level investment strategy and risk appetite of the £28 billion (€31.5 billion) schemes, and defining the range of internally managed pooled funds.

Her most recent role was as senior vice-president at British Columbia Investment Management, where she was responsible for leading the firm’s corporate and investor relations team.

She brings over 25 years of experience in the Canadian pensions, investment and insurance industries and has previously held senior positions at Manulife and Sun Life Global Investments.

Ostermann is also the vice-chairperson of the board of directors of the Pension Investment Association of Canada.

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