Simon Pilcher was named CEO of the investment management unit of Universities Superannuation Scheme, London, a spokesman said.
Mr. Pilcher, who starts in October, will be responsible for overseeing the investment strategy of the £64 billion ($83 billion) pension fund for academic staff in the U.K. He is replacing Roger Gray, who will retire after a decade in the position.
"I am delighted to welcome (Mr. Pilcher) to USS, who not only comes to us with deep expertise of leadership at the highest level in asset management, but also with a firm emphasis on building a strong culture of inclusion as well as a focus on innovation," Bill Galvin, USS Group CEO, said in a news release.
Mr. Pilcher was previously CEO of institutional fixed income and chairman of real estate at M&G Prudential. Replacing him was Jack Daniels, who was named CIO at M&G Prudential, a spokeswoman said. The global manager was established in March following the merger of Prudential's money management business, M&G Investments, with life insurance business Prudential U.K. & Europe.