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Strategist Exits BP Pension

Keith Shepherd is the second senior executive to leave the UK pension this year, following John Bearman’s exit in June.
Reported by Featured Author

Keith Shepherd BPKeith ShepherdKeith Shepherd, investment strategy executive at BP’s UK pension, has left the group, according a person familiar with the matter.

Shepherd is the second senior staffer to leave the $31.8 billion pension, following the departure of Head of Investments John Bearman in June.

Shepherd’s LinkedIn profile confirms that he left his role in July. Previously the CIO at Railpen, he was at BP for less than three years. He has also worked at the Wellcome Trust and Lothian Pension Fund, a Scottish local authority fund.

A spokesperson for BP declined to comment on staffing issues.

BP America lost its longtime CIO Greg Williamson last year. The former prop trader quit in late March 2015 to lead the American Red Cross’ $5 billion investment portfolio.

Deputy CIO Mark Thompson moved into Williamson’s role at the Chicago pension investment office.

Related: BP Investment Chief Quits