Michelle Ostermann was named managing director for investments at RPMI Railpen, London, effective December, a spokesman said Wednesday.
Replacing Julian Cripps, who is retiring, Ms. Ostermann will head RPMI Railpen's investments business, which manages £30 billion ($38 billion) in pension fund assets for U.K. railway industry employees.
Since the start of 2019, Ms. Ostermann has been chief fiduciary officer. The spokesman said RPMI Railpen is currently recruiting to find a replacement.
"(Ms. Ostermann's) international experience and track record of delivering outstanding results in the institutional investment industry means she is perfectly suited to lead the investments business," CEO John Chilman said in a news release. "Her work this year as chief fiduciary officer has shown she will be invaluable in helping us to continue to meet our mission to pay our members' pensions securely, affordably and sustainably."
Before joining RPMI, Ms. Ostermann worked at the C$153.4 billion ($115.9 billion) British Columbia Investment Management Corp., Victoria, where she was senior vice president responsible for investment risk, strategy, research and corporate relations.