The new owners of PTL have unveiled the team that will lead the organisation following April’s management buy-out.
Kim Nash, Colin Richardson and Alison Bostock join the board as directors, replacing the previous owners.
The independent trustee and governance services provider also welcomes Tesco’s former pensions director Ruston Smith as non-executive chairman.
Smith (pictured) has a strong standing in the retirement market having previously been chairman of the Pension and Lifetime Savings Association. He was also head of Tesco’s asset manager, Tesco Pension Investment.
“Ruston is a highly sought after pensions professional, attracting him to join the PTL board was a real coup and we are absolutely thrilled,” PTL managing director Richard Butcher said.
“He has a great pedigree in pensions and of innovation and energy – both of which are also characteristics of PTL and our team,” he added. “He will, of course, add to the talent pool but more importantly he will help us to set and deliver a robust and deliverable strategy focussed on the needs of our clients, the members of the schemes we are responsible for, our team and the business.”
Smith said one attraction to the role was the size and nature of the business means that it can think strategically but act nimbly.
Butcher added that one of the advantages of the buy-out is that he could re-shape the board.
“That meant having people on there who work in the business, who live and breathe pensions,” he said. “Adding Kim, Colin and Alison to the board was a no brainer. Their skills, experience, knowledge and judgement will be a huge asset to the board. It’s great to have them on the team.”
