Railpen has appointed Andy Bord as chief executive officer.
Bord will manage a team that invest around £35 billion of assets and provide administration services for over 350,000 railways pension schemes’ members and pensioners, as well as the administration of several third-party clients.
He is an experienced CEO, most recently at Flood Re, a re-insurance scheme, and Capita Insurance Services.
This comes after departing CEO John Chilman announced his plans to retire in January 2024. Bord’s hire was led by chair of the RPS Trustee Board Christine Kernoghan, chair of the Railpen Board Mike Craston, and chair of the remuneration and nominations committee Alison Burns.
Kernoghan says: “I would like to thank John for his significant contribution to rail pensions for many years and, more recently, his leadership of Railpen. John’s contribution to the futures of so many members cannot be understated – thank you, John.
“It was clear throughout the search process that Andy not only had the skills and experience needed to pick up the baton from John, but shared the Trustee Board and Railpen colleague’s passion for great member retirement outcomes.”
Craston says: “I would echo Christine’s comments about John and add my own thanks. John has been a great servant to the scheme and leader to our colleagues at Railpen. We wish him every success for the future.
“Andy’s commitment to the customer throughout his career aligns perfectly with Railpen’s ongoing purpose to ‘Secure our members’ future’. We are delighted Andy is coming on board to lead Railpen into the future.”
Bord says: “I believe that good quality pensions can make a really positive impact in the lives of individuals and society. Railpen’s purpose naturally aligned with my own sense of the difference an organisation can make in the lives of the members it serves.
“I am proud and excited to not only lead an organisation full of talented people dedicated to its members and pensioners, but to also champion good pension provision on their behalf.”