The Pension Protection Fund, a U.K.-based fund established to pay compensation to members of eligible defined benefit pension schemes, has appointed Hans den Boer as its chief risk officer.
Hans previously worked at Royal Bank of Scotland and ABN Amro in a number of senior risk management roles in the Netherlands, Australia, the United States, and the U.K.. In his new role, Hans will oversee all of the PPF’s risk functions and becomes a member of the executive committee.
The risks that the PPF faces are complex and varied. The PPF protects over 11 million members in more than 6,000 defined benefit pension schemes with a combined £1.5 trillion in liabilities. The PPF now has over £20 billion of assets under management and is directly responsible for paying compensation to 220,000 transferred members. Managing risk effectively is, therefore, vital to the success of the PPF.