Nationwide Pension Fund selects CIO
Nationwide Pension Fund selects CIO
Mr. Grant replaced
Mark Hedges, who retired from the role but joined the board of the £6.8 billion ($9.4 billion) pension fund as an employer nominated director. Mr. Hedges spent his career so far at the Nationwide Building Society the pension fund s sponsor. He also recently joined professional trustee firm Capital Cranfield.
Mr. Grant was deputy CIO a role created solely as a means of easing the transition as Mr. Hedges planned for his retirement, the spokesman said. Since the deputy position was always temporary, there are currently no plans to replace Mr. Grant.