The Pensions Infrastructure Platform has hired Jon Bailie as a non-executive director to its board.
Bailie joins the UK institution from his previous role at London-headquartered asset manager Pioneer Investments as head of Western Europe and Latin America. He was previously global head of distribution at AXA Investment Managers.
“As PIP’s direct investment into UK infrastructure increases and our team continues to grow we felt it was time to expand the board,” Mike Weston, PIP’s chief executive, said in a statement. “Jon’s years of experience across so many asset classes made him a perfect candidate.”
“We are also very pleased to have Jon’s expertise in clean technology investing, building on the success of PIP’s first solar PV fund last year,” he added.
Bailie’s appointment comes just a month after PIP announced two senior additions to its team, with Nick Cole and Angela Gyulveszy respectively joining as investment director and investor relations director in September.
PIP launched its Multi-Strategy Infrastructure Fund in March, with a target size of £1 billion ($1.4 billion; €1.3 billion). The fund’s favoured sectors include transportation, renewable energy, utilities, telecoms, housing and social infrastructure. It agreed its first deal in July, investing £27.5 million ($36.8 million; €33 million) in inflation-linked debt to help refinance a UK rooftop solar portfolio.