Royal Mail Pension Plan (RMPP) has appointed Michael Airey as its new CEO, replacing Richard Law-Deeks who stepped down in June after six years in the role.
The Royal Mail Pension plan now manages round £10 billion of assets on behalf of over 123,000 members.
Airey has been head of actuarial at RMPP since 2019, and more recently move to the role of head of funding and investment following the outsourcing of OCIO services to BlackRock in 2023.
He has also worked for Royal Mail Pension Trustees. Prior to this he worked atWillis Towers Watson as an actuarial consultant. Airey is a fellow of the Institute of Actuaries.
Airey says: “It is a real privilege to lead the RMPP in this next chapter. I look forward to working closely with the trustees and the sponsors to ensure the interests of our members remain well-served regardless of the prevailing economic and external environment.”
Joanna Matthews, chair of Royal Mail Pensions Trustees adds: “[Airey] understands the demands and challenges the plan faces, having worked with the trustee executive over the past eight years. This means his is well-placed to build on what has been achieved so far and maintain our momentum.