Cardano Departures and Pension Hires

(April 19, 2013) — European insurer Aviva has appointed a senior investment staffer to its in-house pension team after poaching the CIO of the Pension Protection Fund less than a year ago.

Stephen Catchpole, a client manager at investment consultant Cardano, is to join as deputy to CIO Ian McKinlay, who joined the pension in August last year from the UK’s lifeboat for bankrupt company schemes, aiCIO has learned.

Catchpole, who joined the Anglo-Dutch consultant in 2008 from PwC, is to join the Aviva scheme in the next couple of months. The appointment comes as McKinlay has started to overhaul the legacy pension investment arrangement for the £10 billion fund.

Catchpole’s departure comes hot on the heels of Bart Heenk, commercial director at Cardano, leaving the firm, aiCIO can reveal. Heenk joined the firm in July 2009 as a high-profile hire from competitor SEI.  At Cardano, he was responsible for its solvency management business in the Dutch market.

Cardano declined to comment.

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