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BA signs 'first of its kind' £21bn deal with BlackRock pensions-expert.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pensions-expert.com Daily Mail and Mail on Sunday newspapers.
British Airways Pensions has decommissioned its in-house investment operations, moving all assets to BlackRock as outsourced chief investment officer (OCIO). ....
The trustees of British Airways’ pension schemes have agreed to outsource all directly managed assets to BlackRock in the largest OCIO deal to date in the UK, bringing to an end one of the country’s most experienced independent in-house teams. The move means dramatic changes for the 42 members of the BA Pensions in-house team, many of whom have been in place for well over 10 years. Employees of provider British Airways Pension Investment Management Limited (BAPIML), including CIO David Stewart and deputy CIO John St Hill, have transferred to BlackRock, alongside some from the administration unit. The property team under Paul Scott also transfers to BlackRock, as reported by our sister publication IPE Real Assets. ....