Mike Weston was named CEO of the Pensions Infrastructure Platform, said a spokeswoman for National Association of Pension Funds, which sponsors the PIP.
It is a new position. The £2 billion ($3.3 billion) PIP is a U.K. government-backed platform that pools pension assets to directly invest in domestic infrastructure projects. Dalmore Capital was hired in February as its first manager to establish its first fund, the PPP Equity PIP Limited Partnership.
Mr. Weston was previously in-house chief investment officer overseeing £1.4 billion in pension assets for Daily Mail and General Trust PLC, London. A DMGT spokeswoman said a replacement will be announced in due course.
Mr. Weston could not be reached by press time.