Pension Funds

PLSA pulls new CEO from within its ranks

Julian Mund was named CEO of the Pensions and Lifetime Savings Association, effective Aug. 1.

Mr. Mund, now commercial services director, has been handling the executive duties since the departure of Joanne Segars at the end of June.

"As an organization that speaks about the importance of good governance, we considered who would be the most appropriate fit for the role as well as consulting our strong succession plans and (Mr. Mund's) appointment is a result of those," said Lesley Williams, chair of the PLSA, in a news release. "He has successfully led the PLSA team during a very uncertain time, ensuring stability and the continuity of our work."

A spokeswoman for the PLSA said a decision has not yet been made regarding the commercial services director role. She said Mr. Mund is working with the board and senior management team to define the structure based on the strategic direction of the organization and its members' needs.

The PLSA's members include more than 1,300 retirement plans covering 20 million participants and £1 trillion ($1.3 trillion) in assets.