Ian Scott was named head of investment strategy at the Pension Protection Fund, London, said a spokeswoman.
The position is new, and Mr. Scott started Monday. He is responsible for advising on tactical trade ideas and medium-term shifts away from the £23.4 billion ($30.4 billion) pension fund's strategic asset allocation, as it works to bring more of its liability-driven and wider investment activities in-house. The PPF is the lifeboat fund for defined benefit plans of insolvent companies.
Mr. Scott “will help build our capabilities in strategic and tactical asset allocation,” said Barry Kenneth, chief investment officer at the fund, in a news release. Mr. Kenneth was unavailable to comment further by press time.
Mr. Scott was head of the global equity strategy team at Barclays.