RPMI Railpen (Railpen), which manages approximately £30 billion of assets on behalf of the railways pension schemes, has appointed Steven Tirrell as their Head of Strategy & Planning.

He joins the Investment Executive Committee and reports to Michelle Ostermann, Managing Director, Investments. Steven will lead the Business Change team, which works to enable Railpen to meet its long-term objectives and secure the future of the 350,000 members of the pension scheme.

In this newly created role, Steven is responsible for the development and implementation of the strategy for the Investment business. This includes leading the delivery of departmental business plans, having ownership of the annual budgeting process and expense management, and measuring the success and effectiveness of change initiatives.

Steven joined Railpen in February 2020, bringing almost 20 years’ experience in the financial services industry, including leadership and strategic roles at PwC, Morgan Stanley and Citi.

Michelle Ostermann, Managing Director, Investments said: “Steven brings a wealth of leadership experience, and the skills and perspective that we need to help shape the future of Railpen as we continue to build our in-house asset management capabilities. Steven is a key member of our leadership team and he will be pivotal in developing and implementing our longterm strategy.”

Steven Tirrell added: “Railpen has a special responsibility to fulfil the trust that members put in us to look after their future financial wellbeing. I’m looking forward to applying my skills and experience towards delivering on that purpose.”