The Pension Protection Fund (PPF), a U.K. pension plan, has appointed Michelle Ostermann as its new CEO. Ostermann will join PPF on April 1, succeeding Oliver Morley. In the intervening period, Katherine Easter, currently chief people officer, will serve as interim CEO until Ostermann starts as CEO in April.
Ostermann is the chair of the global pension industry association, International Centre for Pension Management (ICPM) and has more than 30 years of pension investment and senior leadership experience, previously serving as managing director at Railpen Investments and as senior vice president and global head of capital markets at PSP Investments in Canada.
PPF serves nearly 10 million members and manages a portfolio of £32.5 billion ($41.1 billion) of assets.
“We are delighted to welcome Michelle to the PPF as we navigate our next chapter,” said Kate Jones, chair of the PPF. “Her member-centric approach and fiduciary experience will certainly help us t
