PPF appoints head of investment strategy

Ian Scott joins the pension scheme, which invests in direct lending strategies and other debt instruments, after leading Barclays’ global equities team.

The Pension Protection Fund (PPF), a UK-based scheme managing the pensions of members involved in a defined benefit scheme, has appointed Ian Scott as head of investment strategy.

Scott has spent more than two decades at the world’s leading banks, including Nomura, Barclays and Lehman Brothers. Before joining the PPF, Scott led Barclays’ global equity strategy team. In his latest role, he will be responsible for advising on tactical trade ideas as the fund bring more of its liability driven investment activity in-house.

Barry Kenneth, chief investment officer at PPF, said: “He brings with him a wealth of expertise, and will help build our capabilities in strategic and tactical asset allocation.” Scott added: “Having spent 25 years working as a strategist on both the ‘sell-side’ and ‘buy-side’ of the investment industry, I am excited about bringing that experience to such a prestigious and important organisation.”

Established in 2004 under the Pensions Act, the PPF manages £23 billion (€26.7 billion; $29.8 billion) in invested assets. Its diversified portfolio of assets include investments in direct lending strategies and other private debt instruments, as well as participation in the financing of the Thames Tideway Tunnel and the London Gateway port.