Ray Martin was named global benefits director of Tetra Laval Group, a global packaging, processing and distribution solutions company, according to sources who spoke on the condition they not be named.
The position is new and based in Lausanne, Switzerland. His responsibilities will include overseeing pension assets; the size of the pension plans could not be learned by press time.
Mr. Martin was head of pensions and benefits for the £25.6 billion ($40 billion) Royal Bank of Scotland Group Pension Fund, Edinburgh. His replacement has not been announced, according to an RBS spokeswoman.
Jorgen Haglind, spokesman for Tetra Laval, could not be reached by press time for further information.
