This announcement continues the momentum established at PiP over the last year, PiP recently announced it had helped to secure over £1 billion (US$1.56 billion) of commitments from pension schemes to invest into UK infrastructure.
The PiP team is growing to reflect the increasing success of the organisation, and to put in place the resources to launch its first internally managed Multi Strategy Infrastructure Fund, pending authorisation by the FCA which it is hoped will be achieved during Q3 2015. The launch of internally managed funds will allow PiP to become a direct investor on behalf of members.
Prior to joining PiP as Investment Director, Ed worked in Lloyds Commercial Banking Division since 2006, first as Head of the Renewable Energy, Infrastructure and Energy Group, and for the last two years as Senior Director, Corporate Solutions, with responsibility for the Utilities, Infrastructure and Energy sectors.
Paula joins PIP as Chief Operating Officer, having spent several years as Head of Assurance at CCLA where she was responsible for the compliance, risk management and internal audit arrangements. Paula also spent over ten years at Russell Investments in a variety of compliance, risk management and regulatory roles both in the UK and US offices.
Mike Weston, Chief Executive of PiP, commented:
"Paula and Ed are great additions to the PiP team, and their outstanding levels of experience are a perfect match for PiP's plans and ambitions. PiP has already achieved a great deal in a short space of time, and Paula and Ed join us at a time of exceptional growth. Their arrival will accelerate PiP's ability to help UK pension funds of all sizes invest in UK infrastructure."
Ed Wilson, Investment Director at PiP commented:
"This is a really exciting time to be joining PiP, and I'm looking forward to using my expertise in infrastructure and energy investment to help pension funds to invest in appropriate, high quality UK infrastructure assets on terms that suit pension funds."
Paula Burgess, Chief Operating Officer and Head of Risk at PiP said:
"PiP is a fantastic organisation with an excellent mission to support the pensions industry. The experience I've gained over the years will be very valuable in further developing PiP's operating model so that it can continue its good work. There have been a lot of changes to the pensions industry in recent years, and I'm looking forward to helping PiP take on some of the new challenges that have arisen."