The UK’s lifeboat fund for defined benefit (DB) pensions has appointed Hans den Boer as its chief risk officer.
Den Boer joins the Pension Protection Fund’s (PPF) executive committee, and will oversee all aspects of the fund’s risk exposures.
PPF Chief Executive Alan Rubenstein said den Boer’s role would be “crucial” as the fund continues to manage more than 6,000 DB plans whose sponsors have declared bankruptcy.
“Hans’ expertise in financial and risk management will be invaluable as we continue to grow in scale and complexity,” Rubenstein said. “[His] knowledge and leadership experience will not only serve to strengthen our position but also demonstrates our commitment to best risk management practice within the industry.”
He previously worked at the Royal Bank of Scotland and ABN Amro, working in senior risk management roles in the Netherlands, Australia, the US, and the UK.
PPF CIO Barry Kenneth has made clear his intention to work more closely with banks to access new ideas and providers.
In March last year, the PFF lost its executive director of financial risk, Martin Clarke, who left to join the UK government’s actuarial office.
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