Gulf International Bank (UK) Limited Pension Scheme, London, hired Aon to provide investment advisory services, the professional services firm said in a news release Wednesday.
The £150 million ($177 million) pension fund with roughly 500 members will have Aon provide investment advice to help trustees "make better, more-informed decisions," the release said.
Guy Stokely, chair of the trustee board's investment subcommittee, said in the release that the pension fund sought "wider flexibility in its investment approach and was looking for an adviser who could support us with the last leg of our pension scheme journey."
Aon's combination of consulting expertise and fiduciary management will offer "the experience and flexibility we will need in the coming years," Mr. Stokely said.
Hatty Goodwin, senior investment consultant at Aon, said in the release that the combined skills will provide the pension fund the "widest set of options on how it manages its future investment strategy and navigates new forms of volatility."
Further details on the pension fund's plans were not immediately available.
