RPMI Railpen, the £28bn pension fund for railway pension schemes, has appointed Michelle Ostermann as chief fiduciary officer in charge of investments.
Ostermann, who currently works as senior vice president for British Columbia Investment Management, will join Railpen in January.
In her new role, she will be responsible for high-level investment strategy and risk appetite of the railway pension schemes, working alongside the investment, funding and covenant teams to develop individual strategies for the multi-employer sectionalised schemes.
Ostermann has invested on behalf of pension schemes for more than 25 years, through senior positions at Manulife and Sun Life Global Investments.
In addition to her current role at British Columbia Investment Management, she is also the vice chair of the Board of Directors of the Pension Investment Association of Canada.
