CERN pension fund seeks new professional board members

first_imgThe governing board is assisted by an actuarial and technical committee, and an investment committee. Its most recently reported annual investment performance results were for 2018, at the end of which its investments gained 1.3%.Last year the pension fund appointed Northern Trust as its new custodian, after having worked with State Street for 24 years.Applications for the external professional expert positions are open until 6 September, with interviews for selected candidates to take place at CERN in Geneva, Switzerland. Any interested candidates should apply via the CERN careers website here.To read the digital edition of IPE’s latest magazine click here. The pension fund for scientific research institution CERN is seeking to hire two professional board members to replace Adrian Cunningham and John Breckenridge.Cunningham, former secretary to the pension fund for the European Parliament, and Breckenridge, secretary to the World Trade Organisation pension fund, will be stepping down from the governing board at the end of 2020 after having served for two three-year terms, the maximum allowed under the CERN pension fund’s rules.The CERN pension fund is a defined benefit scheme currently with more than CHF4.4bn (€4.12bn) in assets under management and over 7,000 members.Its governing board is required to have at least 10 members, two of which are external professional experts specialised in pension fund matters appointed by the CERN Council.last_img