Pensions Infrastructure Platform (PiP) has kicked off 2019 by unveiling Paula Burgess as its new chief executive.
She replaces Mike Weston who has decided to stand down after four years in the role.
Burgess (pictured) has been promoted from chief operating officer to lead the infrastructure-focused investment manager for pension schemes.
PiP was cleared by the regulator to start investing capital on behalf of pension funds in 2016. Under Weston’s leadership it has put around £2bn to work in renewable energy, transport and social infrastructure projects.
Burgess joined PiP in 2015 to lead the internal development of the manager. This included securing regulatory approval as well as designing and launching its first fund, PiP Multi Strategy Infrastructure LP, in 2016.
She brings more than 20 years of fund management experience to the role having worked at Russell Investments and CCLA Investment Management.
There is no word on what is next for Weston, although he remains a trustee of the Institute of Cancer Research’s pension scheme.