Aviva Appoints Replacement as McKinlay Exits CIO Role

A Forty Under Forty alum has stepped up to fill the top role at the UK insurer’s staff pension, while AXA IM has tapped a rival asset manager for a key sales position.

Aviva has promoted Steven Catchpole to pension investment director in its UK staff pension following the exit of Ian McKinlay.

Catchpole was previously head of investments at the £14.7 billion ($22.6 billion) pension, reporting to McKinlay. He joined from consulting firm Cardano in 2013. Prior to Cardano, Catchpole spent eight years as an investment consultant at PricewaterhouseCoopers.

Catchpole is also a member of CIO’s Forty Under Forty, joining the list this year. He takes over a pension fund running a healthy £2.7 billion surplus, according to Aviva’s 2014 annual report.

McKinlay left the insurance giant to take charge of the Lloyds and HBOS pension funds. His exit from Aviva was revealed in July. A Power 100 alum, he is a former CIO of the Pension Protection Fund, the UK’s lifeboat fund for defined benefit pensions.

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Elsewhere, AXA Investment Managers has hired Rob Barrett to lead its institutional sales in the UK. Barrett joins from Invesco, where he was also head of institutional sales. He has held similar roles at Swisscanto and HSBC Global Asset Management, and was head of European marketing at AXA’s quantitative investment arm Rosenberg for four years until 2008.

Home > News > Newsmakers > Alaska’s Willoughby Scores TIFF CIO Role

Newsmakers September 24, 2015

Alaska’s Willoughby Scores TIFF CIO Role

The CIO of the $52 billion Alaska Permanent Fund will take over the prestigious role in October.

JayWilloughby_ChrisBuzelli Alaska Permanent Fund’s Jay Willoughby has joined the Investment Fund for Foundations (TIFF) as its investment chief.

According to TIFF, Willoughby will begin his new position managing more than $11 billion on October 13, replacing former CIO Larry Lebowitz who resigned in April this year.

“As we have gotten to know Jay, we have been struck by his disciplined, yet highly collaborative approach to building and motivating teams,” said Collette Chilton, TIFF’s board chair, and CEO and interim-CIO Dick Flannery. “We enthusiastically welcome Jay to the TIFF team.”

Flannery also praised Willoughby’s ability to “strategize across investment approaches and styles.”

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Once on board, Willoughby will turn his attention to “an immediate and intense focus” on TIFF’s investments, the outsourced-CIO said.

The CIO also promised to be “laser-focused on investment excellence” in beginning his work with Pennsylvania-based TIFF.

Willoughby spent the past four years as investment chief at the $52 billion Alaska Permanent Fund. The three-time Power 100 member also served as CIO of Merrill Lynch’s private investor group and head of research for equity funds.

He holds an MBA from Columbia University and a bachelor’s degree from Pomona Collage. Willoughby is also a Chartered Financial Analyst holder.

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