Pensions

BlackRock MD to run £8bn at The Pensions Trust

The defined benefit pensions specialist has found a new CIO to help build up its team of in-house investment expertise

BlackRock MD to run £8bn at The Pensions Trust
Photo: iStockPhoto

The Pensions Trust has appointed a former insurance chief investment officer and BlackRock managing director to run its £8 billion portfolio, Financial News has learned.

Cliff Speed will join The Pensions Trust as its CIO November, according to people familiar with the situation. He is a replacement for David Adkins, who left the organisation for the Lloyds Banking Group in August.

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