Saul builds team to maximise returns
11 August 2010 London
Image: Shutterstock
Kevin Wade has been appointed to the new position of head of investments at the Superannuation Arrangements of the University of London (Saul), the pension scheme of the university.
Wade joins the scheme from Aon Consulting, where he provided investment advice to pension fund trustee clients.
Saul has GBP1.4 billion in assets and provides pension services to staff from the Universities of London, Imperial College, Kent, and their associated colleges and centres. It has more than 30,000 members. The scheme said the appointment was made to "help manage and develop further its investment strategy."
"As an open, defined benefit pension scheme with a relatively young age profile, Saul seeks to maximise the return on its investments while controlling risk, and does this with a widely diversified portfolio," said Dennis Buckley, the scheme's chairman.
Wade joins the scheme from Aon Consulting, where he provided investment advice to pension fund trustee clients.
Saul has GBP1.4 billion in assets and provides pension services to staff from the Universities of London, Imperial College, Kent, and their associated colleges and centres. It has more than 30,000 members. The scheme said the appointment was made to "help manage and develop further its investment strategy."
"As an open, defined benefit pension scheme with a relatively young age profile, Saul seeks to maximise the return on its investments while controlling risk, and does this with a widely diversified portfolio," said Dennis Buckley, the scheme's chairman.
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