The Pensions Infrastructure Platform (PiP), the investment manager developed by UK pension funds to invest in UK infrastructure, has announced that Tony Poulter has been appointed as its new Chairman.

Mr Poulter was until recently global head of Consulting at PwC and before that head of Project Finance. He is also Senior Independent Director at the Green Investment Bank and a Non-Executive Board member at the Department for Transport.

Joanne Segars, outgoing Chair, commented:

“Tony’s appointment as Chair of PiP is great news for PiP and its investors. His extensive expertise in infrastructure investment will be pivotal in leading PiP in its next stage of development.

“PiP has made huge strides since it was first conceived in 2011 – putting to work over £1bn in UK infrastructure for the benefit of UK pension scheme members, receiving FCA authorisation and employing a specialist investment team. Throughout, PiP has stayed true to its mission to be ‘by pension schemes, for pension schemes’.”

Tony Poulter, commented:

“I’m excited to be joining PiP to bring more pension fund investment into UK infrastructure. There is a huge need, we have a clear focus and the right structure in place. I am very much looking forward to working with the Board and the team to deliver more benefits through this important sector of the economy.”

Paul Trickett, Chair, Railpen Investments, (PiP Founding Investor) commented:

“Railpen is a large investor in infrastructure and for us PiP is an obvious route to infrastructure investments tailored to our needs. Tony’s appointment marks the next step in PiP’s development as it grows in scope and scale, using infrastructure investment to benefit not just pension funds but also wider society.”