Governance


The Railpen Investments Board (RIB) reports directly to the Trustee. It has a Non-Executive Chair, an Executive Director, two Trustee Directors and three Non-Executive members. The primary role of the RIB is to provide an oversight function in the management of the Railpen Pooled Funds.

Mike Craston


Mike was appointed as a Non-Executive Director and Chair to RIB in May 2020.

He is currently Chair and Non-Executive Director of Aviva Investors, whose Global Executive Committee he joined in 2016 with responsibility for leading on global business development. In addition to this role, he also serves as Non-Executive Chair at Idea Group and as Trustee and Chair of the Investment Committee at Independent Age.

Carl S. Bang


Carl holds an MBA from the Schulich School of Business at York University in Toronto and is a Chartered Financial Analyst.

Carl has recently been appointed as outsourced CIO at Work Optional, advising on client investment strategy and portfolio construction. Prior to this he held the position of President of Sun Life Institutional investments in Canada, where he established the business. Previously, he was CIO of the Qatar Foundation Endowment Fund, Chairman and CEO of State Street Global Advisors France, and has held directorships with State Street in France, Canada and Luxembourg. He has also managed money with the Canadian National Railway Pension Fund.

Carl has served on various committees actively engaging large Canadian Institutional investors and board of directors of Canadian public companies advocating good governance and shareholder rights.

John Chilman


John joined as CEO of RPMI, and an Executive Director of Railpen, in June 2019, having previously served for 12 years as a Director of the Railways Pension Scheme Trustee Company, and Chair for the last five years. John is also an Independent Trustee of the Nestle UK pension fund.

John is a Chartered Accountant by qualification, and was previously Group Head of Pensions at National Grid. Prior to that John held senior financial, commercial and pension positions at a number of large companies, including PricewaterhouseCoopers, South Western Electricity, Shell, HBOS and FirstGroup.

Meliha Duymaz


Meliha is the Managing Director for Anglia Route Network Rail since July 2017. Before joining Network Rail, she worked for a diverse range of organisations including Serco Plc in the Docklands Light Railway, public relations group Hunstworth Plc and as an auditor in Turkey. Having spent 17 years as a finance professional in various industries, Meliha has extensive experience in franchising & bidding, outsourcing, financial and commercial management in complex organisations.

Johanna Kyrklund


Johanna joined Schroders in March 2007 and is the Global Head of Multi-Asset Investments and a member of the Group Management Committee (GMC) at Schroders. Johanna is responsible for investments on behalf of Multi-Asset clients globally, chairs the Global Asset Allocation Committee (GAAC) and is the lead portfolio manager of the Schroder Diversified Growth Strategy.

Previously Johanna worked at Insight Investment where she managed an unconstrained global macro absolute return fund. Prior to this she worked at Deutsche Asset Management where she was Head of Asset Allocation in the UK and fund manager of the Deutsche tactical asset allocation fund.

Johanna is a member of the Cambridge University Investment Board.

Gary Towse


Gary joined the British Transport Police in 1974 and served in the South East Area. He was a Committee member of the British Transport Police Force Superannuation Fund from 1992 to 2006. He was elected the Treasurer of the British Transport Police Federation between 1996 and 2006. Gary was appointed as a director of the Trustee Company in 2004 and a Non-Executive Director of Railway Pension Investments Ltd in 2020.