RPMI Railpen’s investment director Ciarán Barr, who shaped much of the cost-cutting strategy of the £28bn Railways Pension Scheme, will leave the organisation in the first half of 2018.
Barr, who joined RPMI in 2009, has held a number of positions, including head of strategy and investment director. He was deeply involved in the development of investment strategy, design and architecture used by the scheme, including the launch of the multi-asset Growth Pooled Fund in 2010.
He was also involved in the shaping of the future of the investment business during its investment transformation programme which resulted in greater use of internal management, a significant reduction in costs and the expansion of multi-asset strategies into new funds.
Barr has recently joined the board of the Railway Benefit Fund.
Railways Pension Trustee Company Limited chair John Chilman says: “I, and my fellow trustee directors, would like to thank Ciarán for the contributions he has made to the success and sustainability of the Railways Pension Scheme. He has always put the interests of our members and employers first and the Scheme has benefited from his thinking.”
Barr says: “It has been a privilege to work with the Railways Pension Scheme. There has been substantial change in the investment design and running of the Scheme during my tenure and I believe it is well placed to meet the challenges of coming years. I wish the Scheme, its members and employers all the best for the future.”
