Ed Wilson joined the Pensions Infrastructure Platform as investment director, said Mike Weston, CEO of the infrastructure business developed by U.K. pension funds.
The role is new. Mr. Wilson previously was head of infrastructure, energy and utilities, debt solutions and capital markets, at Lloyds Banks Group’s commercial banking unit.
PiP is targeting £2 billion ($3.1 billion) of infrastructure commitments from pension funds, which will be invested in U.K. infrastructure. The platform already has secured more than £1 billion of commitments.
The platform is waiting for authorization from the Financial Conduct Authority that will allow it to launch an internally managed multistrategy infrastructure fund, allowing PiP to become a direct investor on behalf of its members. Officials hope authorization will be granted this quarter.
PiP also announced the appointment of Paula Burgess as chief operating officer and head of risk. That role also is new. Ms. Burgess joined from CCLA Investment Management, where she was head of assurance. She was responsible for compliance, risk management and internal audit arrangements, said a news release by PiP. A spokeswoman for CCLA — a specialist money manager for charities, faith organizations and local authorities — was not available to comment by press time.
