On the go: RPMI Railpen, the Railways Pension Scheme investment manager, has launched an internal trading desk to further enhance its in-house capabilities.
Over recent years, Railpen has brought the management of a number of asset classes in-house, which has led to an increase in associated trading activity.
This has aligned with the scheme’s plans to improve its transparency and provide an increasingly cost-effective investment service, a statement read.
Raipen plans to support all trading activity via this internal desk by the end of the third quarter of 2021.
Investment director Rachit Sharma led the project and will continue managing Railpen’s trading arrangements with head trader Tom O’Kelly, who will lead on day-to-day execution.
Sharma said: “Internalising our trading desk delivers many benefits, ultimately for the scheme’s members.
“The new desk will enable us to seize opportunities quickly, reduce complexity, and have increased control over our risks while lowering the costs associated with trading.”
Craig Heron, head of public markets and project sponsor, also commented on how the team at Railpen were able to execute this project under difficult circumstances.
He said: “The fact we have delivered it during successive lockdowns and via remote working is a testament to the strong collaboration and dedication of many of the teams across Railpen to our purpose to secure our members' future.”
This article originally appeared on mandatewire.com
