Neil Roache was named chief investment officer at Johnson & Johnson, in charge of its pension trust, said Amy Jo Meyer, a spokeswoman for New Brunswick, N.J.-based Johnson & Johnson.
Ms. Meyer didn’t provide further details, including the name of whom Mr. Roache replaced. The J&J global defined benefit plan had $22.3 billion in assets as of year-end 2015, according to J&J’s latest 10-K statement filed with the Securities and Exchange Commission.
Mr. Roache had been vice president for investment strategy and private market investments at Exelon Corp., Chicago. “A successor has not yet been named,” Paul Adams, an Exelon spokesman, wrote in an e-mail. Exelon has approximately $38 billion in defined benefit and defined contribution assets, he added.
