The Pension Protection Fund (PPF) has appointed Alan Rubenstein as its new chief executive, with effect from 1 April.
He will take over from departing chief executive Partha Dasgupta, who will remain at the PPF in an advisory role until his contract ends in June.
Rubenstein, who joins the PPF from his former role as managing director of Lehman Brothers, said he was looking forward to starting in his new role. “I am confident that with the quality foundations that have already been laid, the PPF is well-equipped to rise to the challenges that lie ahead and deliver on its objectives,” he said.
Rubenstein qualified as an actuary with Scottish Widows and has held senior executive positions in investment banking with BZW Asset Management, Lucas Varity Fund Management and Morgan StanleyLawrence.
He is also a former vice-chairman of the National Association of Pension Funds (NAPF) and chairman of its investment council. In addition, Rubenstein is on the management board of the UK Actuarial Profession, a council member of the Faculty of Actuaries, and a former member of the Takeover Panel.
PPF chairman, Lawrence Churchill, said: “I am delighted we have been able to attract someone of Alan’s calibre. He brings to the role a wealth of knowledge and experience of the financial markets and the pensions industry that will help ensure that the PPF continues to deliver financial security in retirement for thousands of pension scheme members across the UK.”