Andrea Ash was named investment director on the private markets team at RPMI Railpen, the investment manager for the £28 billion ($35.8 billion) Railways Pension Scheme, London, a spokesman said.
The position is new. Ms. Ash focuses on growth investments, reporting to Paul Bishop, head of private markets.
"(Ms. Ash's) appointment marks another chapter of growth as we develop the capabilities of our private markets team," Mr. Bishop said in a news release. "She brings valuable perspective and experience in sourcing, executing and managing illiquid investments, and we are delighted to welcome her to the business."
Ms. Ash was alternatives fund manager at Tesco Pension Investment. Details about her replacement were not available.