RPMI Railpen (Railpen), which manages approximately £30 billion of assets on behalf of the railways pension schemes, has appointed Mads Gosvig as Chief Fiduciary Officer.

He joins on 16 April 2020, and will be responsible for determining the high-level investment strategy and risk profile of the railways pension schemes. Working closely with the Trustee Board, he will lead the in-house Fiduciary team in tailoring investment solutions for the multi-employer sectionalised schemes, which have around 350,000 members.

Mads joins Railpen from ATP Group, Denmark’s largest pension scheme, where he was Head of Investment Strategy, and led the team responsible for the strategic direction and management of the ATP investment portfolio. Simultaneously he acted as Chief Investment Officer at ATP’s UK subsidiary NOW: Pensions, from its creation in 2012 through to its successful sale in 2019. He previously worked for Danske Bank and the Danish Central Bank.

Michelle Ostermann, Managing Director, Investments said: “Mads brings a wealth of specialist experience to Railpen which will provide a fresh perspective to our organisation. His experience developing and implementing investment strategies for a globally renowned pension scheme, will be invaluable as we continue to fulfil our mission to pay members’ pensions securely, affordably and sustainably.”

Mads Gosvig added: “It is clearly a challenging time for our industry, but I’m looking forward to working with the Railpen team to deliver successful investment and funding outcomes that secure our members’ future.”