Pension Insurance Corporation appoints Rob Groves as Chief Investment Officer

PIC, a specialist insurer of defined benefit pension funds, has appointed Rob Groves as Chief Investment Officer. Rob joins PIC from Friends Life where he was CIO, overseeing assets totalling over £100 billion. Rob has previously worked for UBS, Commerzbank and Towers.

Rob will have responsibility for the management of PIC’s portfolio, including asset and liability management, manager selection and interest rate and inflation hedging strategies. PIC currently has £14 billion of assets under management primarily invested in investment grade corporate bonds, UK Government debt and cash.

Tracy Blackwell, Deputy CEO of Pension Insurance Corporation, said: "We are delighted Rob is joining us. He brings a wealth of experience to the CIO role which will benefit the company as we manage an expanding portfolio.”

Rob Groves said: “I am very much looking forward to becoming CIO at PIC, joining what is acknowledged in the industry as a first class team. With a rapidly growing portfolio, a focus on customer service and strong values, this is an exciting opportunity at a very attractive place to work.”

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