The Pension Protection Fund (PPF) has announced two new non-executive board members, Kate Jones and Rosemary Hilary.

Rosemary Hilary will join this month and Kate Jones will join in February.

Kate Jones has extensive experience in senior front office asset management roles at Blackrock, Schroders and M&G.

She began her career at M&G where she held the position of Fixed Income / LDI Portfolio Manager.

She was responsible for growing Barclays Global Investors market-leading LDI business through building and leading the portfolio management function.

Currently she runs her own consultancy and executive coaching firm.

She said: "I'm passionate the important work of PPF, which provides such valuable support to its members and I look forward to bringing my investment management experience to support it as it continues to grow."

Rosemary Hilary has spent her career in audit, risk and financial services regulation.

She is currently chief audit officer at TSB and before that she held a number of senior regulatory roles at the Financial Services Authority and then the Financial Conduct Authority.

Rosemary has been a trustee of the board of Shelter, the national homelessness charity, and is also a member of the MBA Advisory Board at Cass Business School.

She said: "PPF has achieved so much in its first ten years and provides an invaluable lifeline to so many who worked hard in the belief that they would have a pension to rely on in their retirement."

PPF Chairman, Lady Barbara Judge, said the PPF has gone from strength to strength in the last year, growing in capability and financial strength.

She said: "We have the capacity to do even more to deliver on our mission to provide our members with the service, security and confidence they need in their most difficult times."

"I am very pleased to welcome Kate and Rosemary to our board."

First published 14.01.2016

Lindsay.sharman@wilmingtonplc.com